Who Made All The Money That Madoff Lost?
No one knows where Madoff’s money went. It would be hard for him to spend $50 billion on himself. He could have secretly sent it to charities round the world. That would make him…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 15For The Fed “There are no second acts in American lives.”
F. Scott Fitzgerald was right. One chance and one chance only. The Fed took its last step by cutting rates to zero and saying it will buy up all of the debt it can…
OPEC Ready To Trump Deflation
OPEC is serious now. The nut-ball dictators who run Iran and Venezuela need more money to balance their budgets and keep the flow of capital to terrorists going. In Saudi Arabia, the government has…
Forgiving The SEC
SEC chief Christopher Cox admits that the agency bungled the Madoff matter. He says that the agency received warnings as early as 1999. For some reason those warnings did not make it from the…
As Apple (AAPL) Pulls From Macworld, Its Shareholders Miss The Point
As Freud said, "Sometimes a cigar is just a cigar". It is not always a symbol for a part of the male anatomy. It is a smoke, a pleasure, something to do outside to…
Media Digest 12/17/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, the Fed may need to use a trillion dollars to halt the economy from moving into a period of deflation. Reuters reports that OPEC will make the largest production cut in…
Asia Markets And Europe Open 12/17/2008
Markets in Asia were slightly higher. The Nikkei rose ,5% to 8,613. The Hang Seng rose 1.5% to 15,261. The Shanghai Composite was up .1% to 1,977. At the open, the FTSE was up…
The 52-Week Low Club (SAY)(KFN)(ZIXI)
Satyam Computer (SAY) Plans to buy another company send stock diving. Drops to $5.05 from 52-week high of $29.84. KKR Financial (KFN) Plans to replace CEO on top of poor performance. Drops to $.60…
GE Changes Guidance Policy; Reaffirms Targets (GE)
General Electric Co. (NYSE: GE) has reconfirmed its December 2 earnings outlook of $0.50 to $0.52 EPS excluding charges and $0.36 to $0.42 including charges); it still sees full-year 2008 earnings of $1.78 to…
FOMC Enters Realm of 0% Interest Rates
The FOMC voted, and the Fed Funds Rate has now been given a TARGET RANGE of 0% to 0.25%. The Discount Rate was cut 0.75% and is now at 0.50%. Some of the statements…
ConocoPhillips, Peabody Energy Will Convert Coal-to-Gas (COP, BTU)
Turning coal into natural gas is not brand-new technology, but it is rarely done because natural gas is, or has been, relatively cheap. Not as cheap as coal, but cleaner to burn for electricity…
Cimarex Buys Back Senior Notes, With More Debt (XEC)
Cimarex Energy Company is one of those mid-cap energy stocks that is well-liked by institutional investors. Nearly 90% of the company’s stock is held by institutional investors. In good times, that’s good. In bad…
Worst News Of The Recession: Goldman Sachs (GS) Pay Drops 45%
In another sign that the recession is deepening, the average employee at Goldman Sachs (GS) will make only $363,654 a drop of 45% from last year. In other words, that would still pay the…
Satyam’s Diversification, A Bridge To Nowhere (SAY)
Satyam Computer Services Ltd. (NYSE: SAY) is seeing its stock crushed this morning after the company’s board of directors approved acquisitions of infrastructure development companies Maytas Infra Ltd. and Maytas Properties Ltd. What is…
OPEC Cut To Be ‘Around 2M Barrels’
If you have been wondering if OPEC was going to cut production due to prices, the answer is a resounding "YES." It has been about as telegraphed as the sun coming up from the…