Currently viewing the tag: "depression"

The Devil’s Excrement and OPEC

By On November 26, 2008 · Leave a Comment

On October 16th, Oil prices plummeted below $70 for the first time in 16 months, loosing half its value since hitting a record high of $147.27, prompting the oil cartel OPEC to call an emergency meeting.

OPEC cut production by 1.5 million barrels a day starting November after their emergency meeting on October 24th [...]

Continue Reading →

Circuit City Files For Chapter 11 Bankruptcy

By On November 10, 2008 · Leave a Comment

As I had predicted back in October 20th here, Reuters is reporting that Circuit City has filed for bankruptcy.

What’s amazing to me, is how the board of directors allowed this company to go downhill for over 2 years without taking action.

Continue Reading →

Peter Schiff’s View On Obama’s Financial Plan

By On November 8, 2008 · Leave a Comment

Continue Reading →

Is This Economic Slump Different?

By On October 15, 2008 · Leave a Comment

Dimensional Vice President Weston Wellington offers perspective on the unpredictability of market movements, how the current market downturn compares to past bear markets, and the resilience markets have historically shown.

Its definetely been a wild couple of weeks for the world economy, but has it really been that bad?

How does this [...]

Continue Reading →