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Consumer, Economy »

Gas prices are out of control and there doesn’t appear to be an end in sight.  In fact with Presidential elections in the U.S. this year, gas prices may continue to increase and be used as a political football for both political parties.
So who is to blame for high gas prices?
Who controls the gas prices?
Where does the money go after the pump?
The following graphic is a great illustration of one viewpoint on the gas situation.  We’d love to hear your opinion on the graphic below in our comments section.

Created by: …

Economy, Headline »

Why Both Economic Extremes Are Wrong

It seems like you can’t get on TV and talk about your views of the economy unless you’re either in one extreme or the other. Either the American economy is great and the Dow is going to 15,000 or you’re a gloom and doomer and think the Dow is going to 5,000. The reality is that neither camp is right in my opinion.
I’m of the opinion that there are structural problems with the economy. First and foremost, there’s too much debt. The debt overhang of the general economy and at …

Economy, Headline, Investing »

Follow My Mutual Fund

For approximately 5 months I have been managing my “mutual fund” via Youtualfunds.com – which is a very cool platform. My performance over the last 5 months has been very good. While the performance is encouraging, I’ll be the first to admit that a 5 month time frame is very short. You can follow my performance by…

Economy, Gold, Headline, Inflation, Politics »

Race To The Bottom

Essentially countries want lower currencies priced against other currencies in order to stimulate exports. Of course if your exports are cheaper for other countries, then stuff is also more expensive for your own people, but that’s irrelevant, right? Well, what happens when EVERYONE is devaluing against eachother trying to all stimulate exports? Well, you have all currencies losing value.

Economy, Politics, Quick Hits »

It takes special talent to destroy a state (New Jersey) and a private company (MF Global). MF Global has had its shares halted and will be heading for bankruptcy. Jon Corzine, former CEO of Goldman Sachs, Senator and Governor of New Jersey is the CEO of MF Global. He’s essentially the epitome of everything wrong with Wall Street – the shining beacon of politics merged with global finance. I hope he goes broke.

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