From the monthly archives:

September 2008

Bailouts by the Federal Government Have a Long Precedent

September 20, 2008

What a week! We a truly living in interesting (financial) times. The US Treasury and The Federal Reserve Bank took massive actions this week in order to stabilize the US financial system. Congress is expected to pass a bill next week which would allow for further, more radical intervention. Interestingly enough, this is not without [...]

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What’s Up With Nvidia?

September 17, 2008

On a day when the market is scared to death, and people are screaming that the end is nigh, Nvidia (NASDAQ:NVDA) was up 4.28%. This was on no real news. Nvidia has fallen from its 52 week high of $39.67 to a recent $8.80. It closed today at $10.00. Can it be inferred from this [...]

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Airlines Are Up Huge Today

September 16, 2008

So goes oil, so goes the airlines. As oil continues to drop, the airline stocks have been on an absolute tear. This is in contrast to the overall market which has been generally miserable. At the time of this writing: Delta Airlines (NYSE:DAL) is up 24% today and up 79% in the last three months. [...]

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What is a Credit Default Swap (CDS)?

September 16, 2008

Credit default swaps (CDS) have been in the news a lot lately. Most recently, they have been featured prominently in the trouble effecting American International Group (AIG). What is a credit default swap? A credit default swap is a type of credit derivative, meaning its value is derived from the credit risk of a loan, [...]

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Stop Co-Workers From Stealing Food

September 15, 2008

Photo Credit: Lifehacker Co-workers stealing your food? Fight back with food camouflage! Spots on the outside of the bag make the contents look moldy, so thieves skip your food. The only thing you have to worry about is someone chunking it thinking that its old. (via Lifehacker, via skforlee)

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Banks Working Harder to Collect Credit Card Debt

September 10, 2008

According to an article in today’s Wall Street Journal, big credit card companies are ramping up collection efforts on their credit card portfolios. Citigroup has hired a number of new collectors and have increased the frequency of calls to delinquent account holders. American Express is offering to cut interest rates and fees, while Bank of [...]

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Think You Are A Trader? IRS Says Think Again.

September 3, 2008

Even if you make hundreds of trades per year, the IRS may not consider you a “trader” for tax purposes. This is according to an article in today’s Wall Street Journal titled: “Think You’re A Trader? IRS May Disagree.” It details a Florida couple who formed a trading company and performed over 660 trades over [...]

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