Archive for the 'Finance' category

Allysia Finley: Coffee Is an Essential Benefit Too – WSJ.com

Mar 25 2012 Published by under Finance, Health and Fitness

Allysia Finley: Coffee Is an Essential Benefit Too – WSJ.com.

Who defines a health benefit? Under Obamacare, health bureaucrats decide. What if they’re wrong? I have my own definition of health that doesn’t jibe with the traditional, mainstream definition. As Allysia Finley writes in this humorous piece, coffee should be a benefit as it makes workers more productive, and provides health benefits against Alzheimer’s, depression, and diabetes. I would add wine and whisky as a benefit. Wine has been shown to have numerous health benefits for your heart and digestive system. A good stiff drink has been shown to increase the happiness and longevity of those who imbibe with moderation.

Will those items be defined as a benefit in Obamacare? Never. But Finley makes the point about the absurdity of government health mandates and the slippery slope we are going down if the Supreme Court upholds Obamacare.

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Laundered Money by Joseph T. Salerno

Mar 21 2012 Published by under Finance

Laundered Money by Joseph T. Salerno.

Here comes the cashless society.

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Austerity or Stimulus? What We Need Is Growth – Bloomberg

Mar 21 2012 Published by under Finance

Austerity or Stimulus? What We Need Is Growth – Bloomberg.

More Keynesian insanity.

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Who Makes Money on Wall Street? Altucher Confidential

Mar 21 2012 Published by under Finance, Motivation

Who Makes Money on Wall Street? Altucher Confidential.

It’s not you.

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Why Entrepreneurship Is Declining – Businessweek

Mar 21 2012 Published by under Finance, Goals, Motivation, Success

Why Entrepreneurship Is Declining – Businessweek.

The entrepreneurship activity rate among the least-educated group, which are high school dropouts, remains significantly higher than for other educational levels. They’re definitely the group that has changed the most during the recession. Their entrepreneurship rates started going up in 2006 and they’ve been elevated ever since, though their rate of entrepreneurial activity decreased from 2010 to 2011.This is the demographic that has the least job security right now, so it’s likely they’re being forced into entrepreneurship more than other people.

 

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Welcome to the Predatory State of California – Even If You Don’t Live There | Charles Hugh Smith | FINANCIAL SENSE

Mar 20 2012 Published by under Finance

Welcome to the Predatory State of California – Even If You Don’t Live There | Charles Hugh Smith | FINANCIAL SENSE.

When the state is hungry for cash, it will come for your money anyway it can.

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Sears To Close 62 Stores by July to Reduce Costs – Bloomberg

Mar 16 2012 Published by under Finance

Sears To Close 62 Stores by July to Reduce Costs – Bloomberg.

How long will it take to shut the entire chain down? How much further can they stretch out those tired, decaying stores? Have you been into a Sears lately? It ain’t pretty.

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The Story Nobody Wants to Hear | James J Puplava CFP | FINANCIAL SENSE

Mar 15 2012 Published by under Finance

The Story Nobody Wants to Hear | James J Puplava CFP | FINANCIAL SENSE.

Higher stock prices ahead. Economic conditions improving.

All that money printing from the Fed is going somewhere. It usually goes into assets, whether it’s stocks, bonds (usually sovereign), commodities, housing and even art.

Money printing never really stimulates the economy. Those in line first at the Fed get to use the new money first, driving up asset prices. The trickle-down effect comes in the form of price inflation across the economy, reducing the purchasing power of the average person while destroying whatever savings he may have. But those in charge say this is the best way to stimulate the economy…right!

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Goldman Stunned by Op-Ed Loses $2.2 Billion for Shareholders – Bloomberg

Mar 14 2012 Published by under Finance

Goldman Stunned by Op-Ed Loses $2.2 Billion for Shareholders – Bloomberg.

Greg Smith, an ex-employee of Goldman Sachs spills the beans on the the firm’s business dealings and the “decline in the firm’s moral fiber.”

What has caused this decline? Mention is made of the increased revenue from trading rather than traditional bank fees earned from mergers and acquisitions. What is not mentioned is the ties it has with the Federal Reserve and the government. Economist Robert Wenzel writes, “…Goldman is a primary dealer licensed to deal directly with the Fed, which gives Goldman a major inside edge.”

Also noted is the number of Goldman execs holding positions of governmental and regulatory authority over the years.

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Making 9 Million Jobless “Vanish”: How The Government Manipulates Unemployment Statistics | Daniel Amerman CFA | FINANCIAL SENSE

Mar 13 2012 Published by under Finance, Motivation, Success

Making 9 Million Jobless “Vanish”: How The Government Manipulates Unemployment Statistics | Daniel Amerman CFA | FINANCIAL SENSE.

Here’s a detailed article on the scam that is government unemployment statistics.

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