Thursday, September 29, 2011
Tuesday, September 27, 2011
LLL
http://www.forbes.com/sites/dividendchannel/2011/09/22/lll-dividend-yield-pushes-past-3/?partner=yahootix
LLL
http://www.fool.com/investing/dividends-income/2011/09/26/the-most-promising-dividends-in-aerospace-and-def.aspx
LLL
http://seekingalpha.com/article/296276-3-dividend-growth-bargains-from-the-aerospace-and-defense-industry?source=yahoo
Thursday, September 15, 2011
Thursday, September 1, 2011
What Would Paul Krugman Do?
Except that banks don't really loan currency that way. That is to say, banks don't really loan out their deposits of Federal Reserve Notes, but instead issue loans by expanding the money supply. Say that same $10,000 in hard currency is deposited into bank A, but this time, the bank doesn't just loan out $9,000, keeping $1,000 in reserve. Rather, the $10,000 in deposits is the reserve from which the bank can then loan out an additional $90,000. It is still meeting its requirement to keep 10% in reserve. So if the deposits don't account for the loans, where does that loaned "money" come from? Why, it is simply created out of thin air! The bank punches some keys on a computer and—POOF!—extra digits show up on a borrower's account statement. Neat trick, huh? That's the magic of fractional-reserve banking.
The bank hasn't turned on some printing press and created more Federal Reserve Notes to place in its vault to represent the amount of the loan, the $90,000. The "credit" was just signed into existence when the borrower put his John Hancock on the loan agreement. So the "money" that was "borrowed" never existed in the first place. But the borrower can still gobuy a car or a house or whatever, because the seller will accept those digital numbers being transferred to his or her own account as value for the item sold. Works great, doesn't it? Well, sure, except that the borrower now owes the principal plus interest on the "money" the bank "loaned" him by creating it out of thin air, and, of course, if he doesn't repay it, the bank will take the house he bought with the "money" he borrowed—which is to say, in either case, that the borrower must repay something of real value representing the fruit of his labor in return for having borrowed something of no real value representing no labor or production.
Sunday, August 28, 2011
Citibank "Rewards" Card.
As part of my "rewards" for opening the Citibank card and spending $300 (which I did by paying my car insurance) , I got 6000 "points" which I used to get a $50 JC Penny gift card and a Harry Potter book.
Normally this card will only give you a single point for every dollar you spend. Since my "Chase Freedom" card actually pays cash, I no longer intend to use the Citibank card.
While I am on this subject, Chase bank offered $100 for opening a credit card, a checking account, and a savings account. I did all three. I intend to close the savings account after 90 days because I had to put $10,000 in there, and they pay practically nothing in interest. I like their credit card and I am O.K. with their checking account.
While I am on this subject, Chase bank offered $100 for opening a credit card, a checking account, and a savings account. I did all three. I intend to close the savings account after 90 days because I had to put $10,000 in there, and they pay practically nothing in interest. I like their credit card and I am O.K. with their checking account.
One to two years ago I got a free GPS (after my first one was stolen) by opening a Key Bank account. Now maybe I am thinking that I have too many bank accounts and need to close at least one.
Friday, August 5, 2011
Tuesday, August 2, 2011
Tuesday, July 26, 2011
Monday, July 25, 2011
Finding calm amid the August turbulence
http://www.marketwatch.com/story/story/?guid=0E9365DE-027C-480B-A7A6-B33EBCA37672&siteid=yhoo
The softer dollar saved the euro's bacon
http://www.marketwatch.com/story/the-softer-dollar-saved-the-euros-bacon-2011-07-25?link=mw_story_kiosk
Monday, June 6, 2011
Friday, May 13, 2011
Wednesday, March 30, 2011
Fwd: The Price of Taxing the Rich
From: larry.r.trout
'Nearly half of California's income taxes before the recession came from the top 1% of earners: households that took in more than $490,000 a year. High earners, it turns out, have especially volatile incomes—their earnings fell by more than twice as much as the rest of the population's during the recession. When they crashed, they took California's finances down with them..'
Tuesday, March 29, 2011
Friday, March 11, 2011
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