Archive for January, 2008

Bush Says State of the Union Will Mostly Address Economy; Guest List Begs to Differ

Thursday, January 31st, 2008


Photo: Getty ImagesAre you guys as excited for President George Bush’s State of the Union Address tonight as we are? Hoo-ah! Wait. You realized there still is a president, even though everybody’s busy trying to pick who the next one will be, right? We know, it’s hard to remember. And even though there are primaries tomorrow, tonight belongs to current president George Bush. Early reports say that his address will largely focus on the economy, which is probably what most ordinary citizens are ho

State of the Union pre-blogging
Mr. Speaker! The Preznit of the Untied States of America. Congresscritters, esteemed Cabinet members and other besuited Washingtonians, I stand before you to tell you that the state of the union is tolerable. After all, there’ll be an election in November, and then it’ll all be someone else’s problem. Heh heh heh. (Applause) We’re still torturing people who may or may not be terrorists in Afghanistan, Iraq and Guantanamo Bay, but my Attorney General assures me he can stall congressional que

E-Trade Directors Buy $1.9M of Shares (AP via Yahoo! Finance)
A group of E-Trade Financial Corp. directors, including acting Chief Executive R. Jarrett Lilien, bought 474,707 shares of the battered online brokerage’s stock on Tuesday for a total of about $1.9 million, according to filings with the Securities and Exchange Commission.

Trading Alerts: Monday, January 24, 2007 (pfblogs.org)
Alberto-Culver (ACV-$23.52) reports earnings on Monday before the market opens. Analysts, on average, are expecting a share-net of $0.26 on revenue of $376.9 million, according to a poll by Thomson Financial. Citigroup analyst, Wendy Nicholson, recently upgraded her rating on the household and personal products company shares to “buy” from “hold” and raised the target price to $28 a share from $25 a share.Black & Decker (BDK-$69.98) announces fourth-quarter results on Monday morning before t

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State of the Union pre-blogging [Thoughts from Kansas]

Thursday, January 31st, 2008


Mr. Speaker! The Preznit of the Untied States of America. Congresscritters, esteemed Cabinet members and other besuited Washingtonians, I stand before you to tell you that the state of the union is tolerable. After all, there’ll be an election in November, and then it’ll all be someone else’s problem. Heh heh heh. (Applause) We’re still torturing people who may or may not be terrorists in Afghanistan, Iraq and Guantanamo Bay, but my Attorney General assures me he can stall congressional que

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Treasuries Rise; Stock Declines Fuel Demand for Government Debt

Wednesday, January 30th, 2008


Bloomberg - Mortgage Debt After the best annual start for Treasuries since 1998, investors are betting the highest-rated mortgage and corporate bonds will outperform as the Fed cuts rates. Pacific Investment Management Co., manager of the …

Paris to ‘block any Societe bids’
BBC News - His lawyers say Societe Generale is using him as a scapegoat to cover up the bank’s wider losses caused by bad US sub-prime mortgage debt. Societe Generale says Mr Kerviel had an unauthorised position, or a bet, worth about 50bn euros on the future …

Commentary: Is Foreclosure Right for You?
There has been plenty of attention given lately to the idea of the so-called ruthless default hat tip goes to Tanta at Calculated Risk here which says that borrowers are becoming increasingly more likely to simply walk away from their mortgages, even if they may have the ability to pay or otherwise have other workout options available to them. Call it jingle mail. Call it the mortgage put option. Call it what you will, but mortgage lenders are becoming increasingly concerned over bad bor

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Europe’s “Big 4″ want clarity on bank risks (Reuters via Yahoo! Singapore News)

Wednesday, January 30th, 2008


LONDON, Jan 29 - Leaders of Europe’s big four economies called on Tuesday for closer economic cooperation and for banks to be more open about risk, saying more regulation would be needed if financial institutions did not comply.

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House Of Cards: The Mortgage Mess

Tuesday, January 29th, 2008


CBS News - When you opened your mailbox in 2004, 2005, you could barely — people were pressing on you, if you were not institutionalized, all matters of schemes in which to expand your personal debt and mortgage debt. You could, and people did, borrow more …

Debt Optimization - Student Loan debt vs. Mortgage debt?
I recently graduated from grad school, and I have my share of student loans. I also am in the market to buy my first home. I have a decent sum of cash saved to put toward a down payment. However, I’m wondering what the smartest thing to do with my savings would be: 1) Pay down some of my variable interest rate private student loans or 2) Apply the savings to a down payment. Essentially, it’s just a trade off between having student loan debt or having mortgage debt. I’m going to buy a house regar

Trading Alerts: Monday, January 24, 2007 (pfblogs.org)
Alberto-Culver (ACV-$23.52) reports earnings on Monday before the market opens. Analysts, on average, are expecting a share-net of $0.26 on revenue of $376.9 million, according to a poll by Thomson Financial. Citigroup analyst, Wendy Nicholson, recently upgraded her rating on the household and personal products company shares to “buy” from “hold” and raised the target price to $28 a share from $25 a share.Black & Decker (BDK-$69.98) announces fourth-quarter results on Monday morning before t

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Correction: E-Trade share price story

Tuesday, January 29th, 2008


MSN MoneyCentral - But analysts warned exposure to potentially toxic mortgage debt could hamper the company’s growth. E-Trade shares jumped 28 cents, or 8.1 percent, to $3.76 Friday. The stock is still severely lower than its 12-month high of $25.79 set in June. It lost …

Earnings Preview: Allstate
Boston Globe - The company’s $121.13 billion portfolio lost about $1.14 billion of its value in the third quarter, partly because of losses on mortgage debt. EXPECTATIONS: Analysts polled by Thomson Financial forecast fourth-quarter profit of $1.32 per share …

House Of Cards: The Mortgage Mess
CBS News - When you opened your mailbox in 2004, 2005, you could barely — people were pressing on you, if you were not institutionalized, all matters of schemes in which to expand your personal debt and mortgage debt. You could, and people did, borrow more …

Treasury Assistant Secretary for Economic Policy Phillip Swagel Statement for the Treasury Borrowing Advisory … (United States Department of the Treasury)
- Economic growth appears to have slowed in late 2007, and is likely to remain sluggish through the first half of 2008. Labor market conditions softened notably in December, as job growth slowed and the unemployment rate jumped to 5.0 percent.

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Borrowers facing bleaker prospects of credit

Tuesday, January 29th, 2008


MyFinances.co.uk - ASDA Finance are currently offering a 0% credit card that could help with Christmas debt consolidation by giving you in store points for balance transfers, while it also has 0 per cent on purchases for three months. ASDA Finance also offers unsecured …

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Cut down your Debt Burden

Tuesday, January 29th, 2008


Best Syndication - With debt consolidation loans you will be able to reduce your monthly outgoings, pay a lower rate of interest and will be able to spread the costs over a longer time period. By spreading out the term of the debt, you will often be able to reduce your …

Competitive Internet Hedge Fund: More Efficient Than the 4-Hour Workweek?
In the last post about making f*ck you money online, Duncan Longshaw asked a really, really great question that I didn t feel I could best answer in a Comment response: Is bigger necessarily the way to go though? Beyond a certain point, I d personally rather work less time on the business, than try and make billions. If your making more than enough money for your needs, then why not focus on working less, and spending more time with family and friends? Not many guru s are preaching this,

Jacey Eckhart: “Silly husband’ commercials are starting to tax my patience’
“That’s right. Contempt. Sneering, mocking, name-calling, eye-rolling, sarcastic, cynical, bitter-tasting contempt. Contempt is a very bad sign in a marriage…the Silly Husband has been a common figure in commercials, TV and movies for ages. I’ve been fine with that, but lately it seems commercials have taken on a more acrid flavor. “Instead of Silly Husband, the guy I see most often now is Ridiculous Lazy Idiot Who Can’t Do Anything Right. That guy is so common that right after the tax comme

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Stock Trading

Thursday, January 17th, 2008

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