CarlosSlim

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120 Comments

    • Tue Mar 18th 18:45 PM | Rating: 0 0
      Commented on:
      The Fed Underdelivers
      Assuming someone is age 50 or above, then you can contribute $6K to a regular IRA, another $6K to a ROTH IRA and finally $15.5K to your 401K, for a grand total of $27.5K

      If you're worried about the tax advantages of your investments, you're doing quite well.

      View article »
    • Tue Mar 18th 16:03 PM | Rating: 0 0
      Commented on:
      The Fed Underdelivers
      Today, I bought a 3 month CD yielding 3.35%.

      The bank who sold me this CD will then turn around and lend that money to someone for 18-30%.

      I'm losing money on that CD (below inflation rate).

      The bank is doing quite well with a 14-26% profit (before expenses).

      When will the FED help me out?
      View article »
    • Thu Mar 13th 16:15 PM | Rating: 0 0
      Commented on:
      CFOs: Recession Has Already Started
      CFOs are really smart financial people who make guesses about the future.
      View article »
    • Wed Mar 12th 12:16 PM | Rating: 0 0
      Commented on:
      Fed Pours More Debt on the Fire
      "Wealth is being destroyed at a pace unseen for perhaps the past four generations"

      The Outsourcing of America is not a brilliant plan in the long term nor was the intentional destabilization of a secular Middle Eastern country so it's oil refinaries should be shut down to drive the price of oil up.

      Now that Admiral Fallon has been booted out the door, there may be no sensible adults left to stop the drumbeat of war from threatening Iran. The actual attack upon Iran might actually DECREASE the price of oil, since the fear factor has been included in the price for some time now.

      SSSSSH!!! BE VERY, VERY QUIET!!!!

      These are "geniuses" at work. Everything they do will turn out just marvelous! Just have faith. Be optimistic!

      Every day, things are getting better in every way!
      View article »
    • Tue Mar 11th 15:46 PM | Rating: 0 0
      Commented on:
      Bernanke Invents a New Weapon
      The market loves a REALLY BIG slap in the face, especially first thing in the morning!

      Turning the Fed into Wall Street’s pawnbroker?

      Another BRILLIANT idea from the *geniuses* running things for the last 27 years.

      REAGANOMICS! REAGANOMICS! REAGANOMICS!
      View article »
    • Tue Mar 11th 14:43 PM | Rating: 0 0
      Commented on:
      $200 Oil - Who's Going to Pay For It?
      $200 Oil - Who's Going to Pay For It?

      Why...all the "wise conservatives" who say that Green Energy will "never work" or isn't "cost efficient".

      That's who!
      View article »
    • Tue Mar 11th 14:40 PM | Rating: 0 0
      Commented on:
      Spitzer: Self-Destruction
      The only reason this has anything to do with "finance" is because Eliot Spitzer went after after-hours traders on Wall Street...

      ...and this article is "payback".
      View article »
    • Tue Mar 11th 14:20 PM | Rating: 0 0
      Commented on:
      Spitzer: Self-Destruction
      Eliot Spitzer needs a sternly worded lecture about Family values from David Vitter.

      That should be punishment enough!
      View article »
    • Tue Mar 11th 12:44 PM | Rating: 0 0
      Commented on:
      Central Banks, in Panic Mode, Announce Large Auction
      Even George Bush has acknowledged "our economy has slowed".

      Guess those tax cuts ain't working no more.

      So, if GWB's tax cuts ain't working, do we need more?

      Or can we raise taxes l(ike Clinton did) and rein in spending (like Clinton did) create a budget surplus and 6 years of prosperity?
      View article »
    • Mon Mar 10th 17:10 PM | Rating: 0 0
      Commented on:
      Is U.S. Dollar Weakness a Recession Indicator?
      The average Red State American has a high school education, is obsese and shops at Wal-Mart. Since only 20% of Americans have passports, the average American does not travel to Mexico, much less Europe.

      How does the falling dollar affect the Average American?

      Until prices skyrocket at Wally World, how does the Average American know what to think about the falling Greenback?
      View article »
    • Mon Mar 10th 17:07 PM | Rating: 0 0
      Commented on:
      The John McCain Market Selloff
      "Don't forget about Bill Clinton's retroactive tax increase in 1993."

      Not only that, don't forget about Bill Clinton's fiscal responsibility!

      He created a budget SURPLUS and years of prosperity!

      If McCain steals the POTUS seat, look forward to budget DEFICITS larger and larger and larger...

      A 100 years of war costs $$$$$, people!
      View article »
    • Mon Mar 10th 17:03 PM | Rating: 0 0
      Commented on:
      Seeking Absolute Alpha Because Beta Might Not Be There
      I think the author is trying to say "don't invest in stocks that go down".
      View article »
    • Wed Mar 5th 16:46 PM | Rating: 0 0
      Commented on:
      A Solution to the Mortgage Mess?
      In 2006, only 51.6% of national income went to wages and salaries.

      This is the lowest percentage since 1929.

      Perhaps wages could rise so people could once again afford to buy a home?

      efinancedirectory.com/...


      View article »
    • Mon Mar 3rd 16:53 PM | Rating: 0 0
      Commented on:
      What's Caused Job Losses? Productivity Increases
      The 1920's saw America's total income rise from $74.3 billion in 1923 to $89 billion in 1929. From 1923-1929 the average output per worker increased 32% in manufacturing, but wages for manufacturing jobs increased only 8%. The money went into the pockets of the Richest of the Rich.

      Fast forward to 2008. Productivity gains from outsourcing jobs to China/India increased productivity and profits, but no wages went up.

      The money went straight into the pockets of the Richest of the Rich.

      The Rich can only buy so many McMansions, Big Screen TVs, Luxury Cars, etc.

      The poor just keep getting poorer, the middle class see their standard of living shrinking as their wages stagnate.

      And the Rich laugh and laugh and laugh...
      View article »
    • Tue Feb 26th 12:10 PM | Rating: 0 0
      Commented on:
      Greenspan's Latest: Oil Boom Will Likely 'Go on Forever'
      Alan Greenspan raised interest rates in 2000 prior to the election to try to "crash" the economy before the election. Why? A Democrat was the incumbent and he was trying to get them voted out. The economy was too strong and didn't start to crash until December, after the election. Greenspan spent most of 2001 lowering interest rates, which he had just raised in 2000.

      Greenspan in a Republican political tool. Expect nothing more out of this Miserable Failure of a partisan, idological broke-down-and-discred... NeoCon fiasco.
      View article »
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