The Washington Post broke the story that House democrats may soon suggest a new value added tax that would be added on top of goods and services purchased in the United States. Along with an income tax, you’d also pay as much as 20% on top of any products you buy here in the states, a federal sales tax of sorts… Read more…
And who can blame them? After offering only a minority stake in the company for financing the operation for years, there should certainly be some disgruntled bondholders. But let’s settle some math… Read more…
The small screened and underpowered laptops may not be the perfect gaming PC but they’re surely catching on with business users. New programs from the largest wireless carriers are offering the tiny PCs for as little as $99. Are we seeing the future business-user product, or just another fad? Read more…
Outside of my own retirement accounts and long term investments I like to goof around with 5-6 stocks that I switch up, re-allocate and reinvest every few months. I changed up quite a bit of my portfolio on January 26 after I started to get a little more confidence in the markets, and that I could manage to at least make some money on the reflation trade. Now, nearly 4 months later, I’m up 18% and though I’m reasonably happy, I could have done better. Read more…
Barclay’s must really be feeling the pinch. Even though the company was able to avoid bailout money from the UK, its still not out of the toilet just yet. Bloomberg.com just reported that the company would be soliciting offers for Barclay’s Global Investors, arguably its most successful arm which maintains more than $1.5 trillion of investor capital. Read more…
My timing was off a bit with this stock, which I can surely acknowledge. However this is one company I think everyone needs to add to their portfolio, especially at this price. The fundamentals, and technicals, are right in line. Read more…
Aha! The missing link in the employment report has been found. After Wall Street celebrated relative success with last month’s employment report, you would have expected that traders found gold. Instead its fools gold, all the gains in employment that we have been seeing are merely the result of the once-a-decade census report. Read more…
I enjoy writing for investingblog.org as a way to communicate with investors and those interested in financial news. I like discussing ideology and thinktanks and dissecting what is really going on. After a comment on the carbon tax credit post, I had to continue the discussion. I think with an open ended conversation we can all better understand what’s going on around us. Here it is, right here, on why I dislike any carbon tax. A bit of a rant, if you will… Read more…
The cap and trade debate is heating up. Environmentalists want accountable energy users while businessmen want cheap energy. Its not the best time for legislation like this, especially considering the measures put forth by Obama could raise the energy prices for many American’s by as much as 50%. That’s going to have a huge impact not only on energy, but the economy as a whole. Read more…
The treasury bubble has officially began its burst. A recent government auction of treasury bonds was a virtual flop, and the Chinese have slowed, nearly ceased, all additional purchases of Treasury bonds. The bond bubble’s burst is near, very near, and the actions taken to keep it from bursting has only made the bubble that much worse. Read more…
Automatic Data Processing releases its own “employment report” just before the official government numbers are released. This month, ADP shows that only 491,000 jobs were lost in the month of April, that’s a considerable increase over the month prior. Read more…
In a bid to become the world’s largest automaker, Fiat is extending its purchase of Chrysler to include General Motors’ European operations. The merger would create a firm with $100 Billion in annual revenue, thats right, one-tenth of a trillion dollars each and every year. Read more…
