Watch more @ www.youtube.com twitter.com twitter.com US congress today approved an extension of the payroll tax cut for two months…putting off a tax increase for millions of workers. So, after much partisan politicking, they did it — saving face for the moment, but could it hurt their stock price headed into the 2012 elections? You [...]
Archive for December, 2011
Cheap money cuts bankruptcies – but beware worse to come in 2012
Cheap money – with interest rates frozen at a historic low for 33 months – means the number of people going bankrupt continues to fall and has now reached its lowest point since the credit crisis began, accountants calculate. But experts at RSM Tenon and Grant Thornton warn that this trend will reverse when interest [...]
Finance Ministry denies tampering with previous budgets
BEIRUT: The Finance Ministry denied in a statement Friday media allegations that it had falsified documents and budget figures, stressing that their staff are still working hard to present all the revenues and expenditures of the last five years. It also rejected accusations that it had terminated the services of Raja al-Sharif, the acting director [...]
On what is and is not an argument about Ricardian Equivalence (long and wonkish, but politically relevant)
Further to the issue I raised in my last post, Krugman has responded to the criticism David Andolfatto (referencing myself and Stephen Williamson) offered. Krugman notes that his original claim was the somewhat bold one of accusing Lucas (another Nobel prize-winner) of not understanding what Ricardian Equivalence is (the charge that Williamson, Andolfatto and I [...]
Robert Kiyosaki talks about Financial IQ
This is a snippet of what Robert Kiyosaki was teaching at a symposium, interesting stuff. For anyone interested you really should go and read that book called ‘Finanical IQ) Video Rating: 4 / 5
SMALL CAP REVIEW 2011: At closer look at the top performers
By Jamie Ashcroft, Proactive Investors Last updated at 5:37 PM on 28th December 2011 Last December few investors will have ever heard of Sareum Holdings or ANGLE Plc, two of AIM’s top performing stocks of the year. The fact that each of these tiny biotech firms feature in the top five rising stocks of 2011 [...]
‘Athens police worse than anything we’ve seen before’
RT talks to financial journalist Demetri Kofinas from Athens. .RT on Facebook: www.facebook.com RT on Twitter: twitter.com Video Rating: 4 / 5
Fear pushes finance top of 2012′s new year’s resolutions
Fear has pushed personal finance to the top of most people’s priorities when it comes to new year’s resolutions for 2012, with worries about wealth – or the lack of it – displacing concerns about health. That’s the conclusion of separate surveys of 5,000 people by comparison websites Gocompare.com and moneysupermarket.com. Rising unemployment, soaring debts [...]
Finance Minister: Greek poll in late April
ATHENS, Greece (AP) — Greece’s recently-formed coalition government is likely to extend its term in office by two months and call a general election in late April, says a finance ministry official. The official said late Tuesday that Finance Minister Evangelos Venizelos had told a meeting of the majority Socialist party that the political outlook [...]
Marc Faber – Financial Sense Newshour – 07 Dec 2011
Go to marcfaberchannel.blogspot.com for more Marc Faber Interviews Video Rating: 4 / 5