Oil's got one. So does cocaine. There used to be one for light bulbs and another for uranium. While we know one currently exists for diamonds, some folks think the music industry has one.
posted on May 5, 2008 - View this thread

The Most Important Article You Did Not Read This Week Now, it is true that the most important article you probably didn’t read contains all the usual hair-raising things you’d expect to see about the real estate market, including “developers under siege,” “signs of weakness in key markets,” developers “slashing prices,” and the head of a major builder advising “that people wait three to four years before purchasing a new home.” But the most important article you probably didn’t read is not about real estate markets in Naples, Florida, or Sacramento, California. It is about China. [ full WSJ article here]
posted on Mar 28, 2008 - View this thread

While the US equities markets were closed on Monday for Martin Luther King Day, stock markets around the world took a nosedive, losing billions in equity; the markets in Australia, South Korea, Japan, China, Indonesia, Hong Kong, Germany, France, the UK, and more countries have dropped at least 5% each (Canada only fell 4.75%), even though most of those markets had already been seriously down for several days prior. India has been hit particularly hard, at one point down a whopping 11%, tripping their markets' automatic "circuit breakers" for a mandatory time-out period, before scraping back up to close at 8% down. US futures markets are currently predicting a 650+ point drop just at the open Tuesday morning, before even a single trade goes through.
posted on Jan 22, 2008 - View this thread

Is the high end Art market finally tanking? A week or so ago, it sure looked like it. An important van Gogh piece did not sell, Sotheby's stock price went into shock. However, all is well this week as both Christie's and Sotheby's kicked it into high gear and set some new records.
posted on Nov 15, 2007 - View this thread

At a time when fed-up American citizens are petitioning Congress to end the imprudent financial practices that caused the housing bubble sub-prime mortgage crisis liquidity crisis impending recession -- including the banning of SIV's and refusing any bailouts for Wall Street, banks, or mortgage companies -- the United States Treasury Department has just announced the creation of a giant-mega-ultra SIV called "M-LEC" made up of assets from several of the largest American banks. Already unofficially nicknamed "Sivie Mae" (or worse, "the Frankenstein Fund"), it would be an off-balance-sheet way for these banks to pool and price the ABCP's that they've lately been having trouble pricing and thus selling -- i.e. the liquidity crisis.
posted on Oct 16, 2007 - View this thread

On Tuesday, the Federal Reserve cut interest rates by 0.5%. Wall Street aggressively demanded the cut to stop the sub-prime mortgage contagion from triggering a credit crisis among large US and foreign investment banks and the collapse of their over-leveraged hedge funds, which ultimately threatened to drag the US economy into recession. The market rallied this week in response to the Fed's move. But there is no free lunch.
posted on Sep 20, 2007 - View this thread

A fairly lucid description of recent actions of the Federal Reserve.
posted on Aug 17, 2007 - View this thread

Want to learn about investing? Morningstar, an independent investment researcher, is offering 172 free online "classes" on stocks, bonds, funds, and portfolio building. And there's nifty quizzes at the end of each lesson where you can earn points that can be used for Morningstar products.
posted on Jan 9, 2007 - View this thread

Get Rich Slowly, a personal finance web site (created by our jdroth), has been educational to someone who spent most of his life until now pretending financial matters don't exist. His blog is updated frequently, and contains insightful tips on living frugally, eliminating debt, saving and investing. Between his site, and another very educational site entitled I Will Teach You To Be Rich (start here), I've greatly expanded my knowledge about managing my money effectively. Perhaps most importantly, they're both consistently interesting and easy reads. [more inside]
posted on Aug 1, 2006 - View this thread

BillMonk is a new way of tracking informal debts with your friends. Web 2.0 nonsense or a viable solution to those awkward 13-way restaurant bills? Not to be confused with Zopa, another social money project...
posted on Jan 23, 2006 - View this thread

The Forbes Fictional 15 -- it is list season, after all--the usual suspects, and some new entries. Daddy Warbucks (Net Worth: $27.3 billion, attended SUNY Stony Brook) gets this: Iraqi conflict has been kind to Warbucks; recipient of multiple defense contracts; cat-food holdings also up.
posted on Dec 5, 2005 - View this thread

Leonard Cohen is broke. The legendary singer's manager allegedly helped herself to more than $5 million of Cohen's savings while he was busy training as a Buddhist monk. Cohen's manager also convinced him to sell his back catalogue and continuing royalties—profits from both sales were allegedly taken by the same manager.

At the age of 70, Cohen's retirement savings have been depleted to under $150,000 and he is being forced to return to full-time touring and recording.
posted on Sep 5, 2005 - View this thread

An unexpected side effect of iTunes. Remember Bowie Bonds? Introduced in 1997, bonds tied to future profits of music artists (besides Bowie, James Brown and the Isley Brothers offered them) tanked with the advent of online filesharing. Thanks to iTunes, some on Wall Street are betting that the Bowie Bond is a concept with a future.
posted on Aug 23, 2005 - View this thread

MoneyChimp - a "coherent, logical, useful and accessible financial education resource".
posted on Jun 9, 2005 - View this thread

This is not science fiction. It's really happening. (Links to Slate article) Apparently contrary to expectations, Americans seem to be exercising financial sense and paying down their credit card debt. Well, how about that! :) Anyone else here doing this?
posted on Apr 25, 2005 - View this thread

Free Annual Credit Reports
The Fair and Accurate Credit Transactions Act of 2003 goes in to effect today. One of the major provisions of the bill, is that consumers now have the right to one free report from each of the three major credit bureaus every 12 months. [more inside]
posted on Dec 1, 2004 - View this thread

Your Check Won't Float As of Thursday, October 28, "floating" checks will become a thing of the past. Be forewarned or stand by for major insufficient funds fees on your accounts. More info inside.
posted on Oct 26, 2004 - View this thread

George Soros' blog: hot on the heels of the early-adopter in chief, Bill Gates, George Soros has joined the blogging community. Needless to say, the onetime scourge of British monetary policy is not using LiveJournal but he does have a provocative position over the war in Iraq. Warren Buffet by contrast, despite having signed on as a Kerry economic adviser, appears to concur with the pre-emption doctrine. Does anything about the US election make sense anymore? The capital markets seem to have agreed that the outcome point is moot - can popular opinion (.pdf) be far behind? Some disagree. (.pdf)
posted on Oct 2, 2004 - View this thread

My name is Rod and I can't handle Money. "You see, I never open my bank statements, ever. My only point of contact with my bank is through the ATM next door to the estate agents in Warminster. Even here, I never knowingly press that button which tells you what your balance is, and if I press it by mistake I screw shut my eyes." This is me. Is it you? What's wrong with us? Chrometophobes unite.
posted on Apr 2, 2003 - View this thread

How to survive in London on £7,000 a year: I'd love to be rich, but it is so expensive. Only joking. Spending big money and accumulating material possessions has never interested me. I don't need retail therapy to cheer me up: my desires are focused elsewhere - in social justice and human rights. Via Nutlog.
posted on Feb 6, 2002 - View this thread

Finances can be a sticky issue in relationships
Can you pay my bills?
Can you pay my telephone bills?
Can you pay my automo-bills?
If you did then maybe we could chill
I don't think you do
So, you and me are through

Can I get paid to write stuff like this? And just how would one get started?
posted on May 9, 2001 - View this thread