Plans to Hide Commercial Real Estate Losses Won’t Avert a Double-Dip Downturn
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By Shah Gilani, Contributing Editor, Money Morning
Sooner or later, mounting losses on commercial real estate could crash through the market's 2009 optimism and send the economy and stocks into a double-dip downturn.
The major problem is that lawmakers and regulators are setting up investors into believing that commercial real estate (CRE) losses are being [...]
The Real Reason We Need Healthcare Reform
Is this stupid or what? It's like we have to pay more because we can afford more. Kinda like California pays more for gas just because we can. After all, a lot of the gas is refined here and shipped elsewhere, where the gas costs less!
Same with drugs.
Here's a picture that depicts the ridiculousness of [...]
New Money Hacks Store
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I just added a new store to the Money Hacks site. I know, I'm a little late to the party, but that's my MO!
It's hosted by Amazon and it's filled with hundreds of personal finance books from authors like Jim Cramer, Andrew Tobias, George Soros, Peter Lynch, and Jim Rogers.
Check it out. There's [...]
Be Careful with Credit During the Holiday Season
Only 43% of consumers will cut back on holiday spending this year, compared to 55% in 2008, according to a Consumer Federation of America survey. While increased consumer optimism spells good news for retailers, for Americans planning to “stretch” the budget, the New Year could bring falling credit scores, and with it, serious consequences.
Here [...]
JP Morgan Chase Up on Earnings Report
Banks, insurers head higher – MarketWatch
A quartet of top U.S. bank stocks rose on Wednesday after J.P. Morgan Chase & Co. reported earnings that surpassed Wall Street estimates, and the insurance sector also weighed in with gains to lift financial stocks more than 2%.
I suggest that the management at JPM horde all that cash, as [...]
