Financial Vagabond

I’ve stumbled upon an extremly useful site… Really it goes beyond just useful, and if you are interested in Finance, Math, or Physics I recommend you check it out. Even if you aren’t and may know someone in school send them to this site. Mind you that without YouTube it would be [...]

Hold your hats folks as here are some of the forecasts for 2009 (link):

GDP falling by 2.2%
Slow recovery in 2010
> 9% unemployment by 2010
Decline in inflation (hmmmm… if monetary policy says anything this will reverse or at least eventually destroy the dollar)
Continued decline in housing prices
Decline in real consumption of more than 1%
Indeterminate on the [...]

This is going to be short and sweet… We’ve broken the lows from 2003. It is very possible that we go much lower from here. We may get a bounce, but there seems to be a major lack of buyers. I wouldn’t be surprised to see a gap down tomorrow as [...]

 
As I write this the Nikkei is down 580.52 points to 7,880.36.  All of Asia is down across the board.  A sea of red you might say.  It will be interesting to see what happens with the European markets once they open.  I imagine if Asia is down so will be Europe.  None of the [...]

Is anyone finding that this site is taking a long time to load?

The volatility over the last 20 minutes and still continuing is crazy.  At one point today we were down to 7884 then up to 8900.  That is over a 1000 point differential.  Then when we hit about 8030 at 2:55pm the market started to rally.  Over about 30 minutes we went almost straight up.  Very [...]

 
People keep wondering when we will hit bottom, where is support, etc…  I’d say after the last couple days “what support”?  Panic YES, more PANIC YES, and so we go DOWN.  Perhaps we will get a rally, but the overall trend is down and has been down for about a year now.  The dollar is [...]

Fox News did a ten minute interview with Ron Paul and actually gave him the time to clearly state what is going on.  If the anchors were actually listening I don’t know, and frankly they need to.  The present situation is dire and people are only barely starting to take it seriously.  Given that Bernake [...]

I endorse no candidate for the upcoming election.  However, I recently read Ron Paul’s statement about the state of the potential bailout that may be voted on as early as tomorrow.  Given the urgency of that matter and clarity of prose I present it here.
Letter from Ron: Time is running out
September 24th, 2008 by Ron [...]

Secretary Paulson just issued his press release and I gained absolutely no confidence in the current situation.  Actually I’m more concerned than before as he said that the “banking system is safe and sound“.  Will someone please tell me how the banking system is safe and sound when major institutions are failing?  Bank of America was just [...]