Andy

Articles by

Andy

A number of employees in the financial services industry have even more reason to be concerned about their jobs after the collapse of storied financial institutions Lehman Brothers (LEH) and Merrill Lynch (MER). This follows on the heels of the Treasury Department's seizure last week of the nation's two mortgage…
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Bloomberg reports that US banking committee senators have asked regulatory bodies (FHFA) now controlling mortgage giants Freddie and Fannie to freeze foreclosures for 90 days in order to "provide immediate relief to many homeowners'' and let the companies "turn these non-performing loans into performing assets to minimize losses". Lawmakers and…
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In America we can get Annual Percentage Yields (APY) or savings rates between 0.01% and 1% for money kept in high yield on-line saving accounts. This range is quite pathetic but when compared to the volatility of returns from stock markets over the last few years some would take the guaranteed low…
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With all the doom and gloom headlines splashed across the financial media it is no wonder that everyone thinks we are headed for the next great depression with little hope of a recovery. Yet there are definitely some positive economic signs out there amid all the negative press - you…
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After driving the same family car for the last 7 years, my wife and I decided it was time to get a new car that provided better fuel efficiency and some of the nice to have modern features. Not having bought a car for quite some time meant that I…
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Now I am not talking about the tax deductions that you may have forgotten about or read in the main stream media during tax time, I mean the deductions you really may not have ever known about. Here are just some examples of legal tax deductions that I am talking…
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[Update for June 2010 Beige Book] Economic activity continued to improve since the last report across all twelve Federal Reserve Districts, although many Districts described the pace of growth as "modest." Consumer spending and tourism activity generally increased. Business spending also rose, on net, with employment and capital spending edging…
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With the latest Democrat tax proposals, a growing national debt and continued increases in government spending, taxes are going up sooner or later. Despite all the political mutterings, rising taxes seem a certainty. Tax hikes will be rising to finance our high national debt and to pay for long term…
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