By Chad on Jun 4, 2008 in Economy | 0 Comments
We have a contrary indicator on oil! The Economist cover this week features a story on oil. This cover, along with the inability of oil to continue its gains, suggests we might have seen the worst for the short-term.
I’m not the only one who thinks this. Barry Ritholtz at The Big Picture [...]
By Chad on May 14, 2008 in Economy | 0 Comments
Don’t expect a huge bump-up in the economy when the main portion of the stimulus checks arrives. Per a Harris Poll released May 5, 38% of respondents will use the money to pay down non-mortgage debt, and 35% will put it directly into their savings accounts.
Both of these options are good personal finance options, but [...]
By Chad on May 14, 2008 in Economy | 1 Comment
Yesterday, I wrote about the direction of the economy. Today, CNN Money published an interview with one of the greatest investors ever, George Soros, on the economy. Now whatever you think of him politically, it can’t change the fact he came from nothing and is now worth $9 billion largely on his own [...]
By Chad on May 13, 2008 in Economy | 0 Comments
This is very difficult to forecast, as we are at an inflection point in our economy. A much more difficult forecast than it was back in the fall, when I pulled roughly 70-80% of my money out of the stock market. Maybe, I’m the only one that thinks that, but to me it was blatantly [...]