Obama

Actually, the ride started last week when the FTSE 100 climbed to lofty heights, tantalizing investors with the possibility that the index would establish a new high. Then, just as it seemed possible, the FTSE plunged to it’s current level of 6578. It looks like we’ll have to start the ride over in order to […]

“When historians write this story 10 or 20 years from now, they are going to look at a very different U.S. Everything has changed.” That was the forecast of Philip Verleger, energy sector guru and former director of energy policy at the U.S. Treasury Department, in an article published this week. Energy Investors, Beware! Your […]

The wheels fell off of the International Personal Finance (LSE:IPF) bus today as its share price slammed into a wall, dropping 84.80 pence (15.7%) from 545.50 to 455.80.  In an apparent attempt to not spoil Christmas, IPF withheld an important announcement until the last half hour of the Christmas Eve trading day. It is now […]

As the Troubled Asset Relief Program (TARP) continues to wind down, the U.S. Department of the Treasury has announced that it has sold all of the remaining shares of General Motors (NYSE:GM) (GM) common stock.  “The President’s leadership in responding to the financial crisis helped stabilize the auto industry, and prevent another Great Depression. With […]

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients, This was the week that US politicians finally saw the error of their ways and pulled their country back from the brink of debt default, albeit by delaying the inevitable for just a few months meaning we’re likely to […]

Mike van Dulken, Head of Research at Accendo Markets, commented to clients this morning; We’re getting another batch of positive noises from Washington regarding a deal to re-open government, sort out a short-term budget and delay the debt ceiling. For once, at least it is early in the week, rather than a tease into the […]

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients, US politicians have decided that the best thing for the nation is to allow its government to go into partial shutdown rather than back down on conflicting budget views surrounding a presidential policy aimed at making medical care affordable […]

Yesterday I said, essentially, that the U.S. shutdown “ain’t not big deal.”  If this shutdown is like most of the others the U.S. has experienced, it will be something similar to the effect of a major January snowstorm in the Washington DC area. For most Americans – and most of the world, for that matter […]

Summer has come and is almost gone.  Larry Summers, on the other hand has already come and gone.  I understand how the end of Summer affect the entire planet, but I am somewhat in the dark as to how the end of Summers is cited as the almost singular reason for world markets to be […]

I’m not going to write about stocks today, but I will at least mention one.  Instead, I wish to direct your attention to the economy in general.  I’m also going to say some things that the media does not often say and politicians don’t want them to say it. The economy is out of control. […]