Just image how many American Financial companies are insolvent at the moment and are being given “clean bills of heath.”
Auditors gave Banksia Securities a clean bill of health less than four weeks before its collapse last night, its latest accounts show.
The non-bank lender’s fall into receivers’ hands has left thousands of investors in limbo over the fate of about $660 million in investments.
On September 27, accountants signed off on accounts [...]
“Obama Deputy Dampaign Manager Stephanie Cutter defended President Obama’s investment in green energy companies like Solyndra, and said that because of his investments, the “country was prospering.”
Oil Prices Spike Exacerbated By Wall Street Speculation, Federal Reserve Study Finds
Posted: 03/20/2012 3:53 pm Updated: 03/20/2012 6:06 pm
WASHINGTON — Two economists at the St. Louis Federal Reserve have published findings that indicate that Wall Street speculation is responsible for 15 percent of the increase in oil prices over the past decade, a finding with significant implications for the recent sharp rise in gas prices.
“Speculation was the second-largest contributor to [...]
From The Dividend Monk:
This is the fifth in a series of articles highlighting dividend growth companies that have large and durable economic advantages, or “moats,” that protect their business operations and allow years or decades of strong profitability.
When looking for long-term investments, one typically wants to find a business that is performing well, not simply because management is on top of their game right now, but rather because the business [...]
If you don’t hold your PMs in your hot little hands you got nothing but empty paper promises which will be reneged upon.
Read the fine print of their prospectus… you fucking fool.
Have you learned nothing in the past few months?
GLD is a risky PONZI because its prospectus says that gold reportedly owned by the fund but stored in subcustodians and sub-subcustodians is not audited and cannot even be inspected to ensure that it really exists.
Nor is [...]
David Wallechinsky and Noel Brinkerhoff
November 7, 2011
Big-money investors have found a hot new business to get behind: so-called “Buy Here Pay Here” used-car dealerships.
Such dealerships feed off desperate consumers who can’t get financing for cars, selling them older, high-mileage vehicles at inflated prices and offering loans with interest rates that are triple that of regular used-car loans. The term “Buy Here Pay Here” is derived from the fact that [...]
“Andy Xie has an interesting angle on why U.S. stimulus won’t work this time around, and we’ve decided to run with it.
Essentially, the world is too globalized today, whereby demand remains local but ‘supply is global’.
In the past, when a government stimulated demand within a country, such as the U.S., this stimulated an investment expansion within the U.S.. Companies invested in domestic expansion in order [...]