A-G…Step by Step How You or Someone You Know Just Got Screwed
One of my friends at another firm sends out market updates over bloomberg everyday and this one was well worth passing along…Please note : none of this is mine…in fact, it wasn’t even his Not our message but certainly worth passing along….take with a grain of salt as I cannot verify the accuracy of each number but it is certainly plausible. THIS WAS A GOOD DEAL  ???  A/ If you traded in a clunker worth $3500, you get $4500 off for an apparent “savings” of $1000.   B/ However, you have to pay taxes on the $4500 come April 15th (something that no auto dealer will te

Which Came First? The Chicken or the Tire?
When I was a child, my father lived very far away…he lived in another country…as a matter of fact, he lived in a totally different hemisphere…he lived as far away as a human being could possibly live while still living on earth….he lived in Asia working for an American footwear company.  As you probably already know, its far cheaper to manufacture footwear in a handful of Asian countries than it is to manufacture domestically here in the US.  Thus, at the time, most footwear companies had expats working in those countries as kind of like liaisons between the factories and the companies themselves. I would always watch cartoons and see bugs bunny or someone dig a

The Ides of September…2 Reasons Why You Should Write a Book
Today, September 15, 2009, marks the 1-year anniversary of the collapse of Lehman Brothers.  In case you’re not familiar, the bankruptcy of Lehman Brothers was the largest bankruptcy in U.S. history…and as I have said before, it was a very hectic day…there was a unified shared sentiment amongst all market participants that the system itself had collapsed…everyone was in a frantic hysterical panic.  Traders and analysts that are 20+ year vets have all said that they had never seen anything like the chaotic happenings of that day.  Now that a whole year has gone by, you can appreciate the irony of the events of that day, a year ago, 9/15/08 vs. today, 9/15/09.