a GM bankruptcy is huge. Job losses would go through the roof and could trigger a Global Depression By Charles Delvalle I’m putting myself out on the line, and I feel the risk/reward is more than worth it. If I’m right, you could make 300 percent in just a few months. If I’m wrong, you’ll […]
Let GM go Bankrupt? Part 1 Read More »
Bob Prechter, President of Elliott Wave International (EWI), is no stranger to challenging the status quo. His New York Times bestseller, Conquer the Crash, was published in 2002 before anyone was even talking about the current financial crisis. In his recent 10-page market letter, Prechter shifts his focus to the government’s role in the latest
3 Questions The Government Doesn’t Want You To Ask About the Financial Crisis Read More »
A Sad Day for U.S. Taxpayers and Investors By Chris Ciovacco Ciovacco Capital Management July 14, 2008, 9:00 am ET “Treasury Secretary Hank Paulson swatted back reports of government nationalization of Fannie and Freddie, which would mean making explicit what, has long been an implicit taxpayer guarantee of their liabilities. This would instantly add $5
What effect will bailing out Fannie Mae have? Read More »
With as many as 2 million sub-prime mortgages, scheduled to reset to much higher levels by the end of 2008 many market watchers began to get worried in the last few months, which drove the stock market down. A sub-prime mortgage is a loan offered to borrowers with spotty credit histories and with interest rates
FED Bails Out Borrowers Read More »
By Chris Ciovacco This month we have a special article by Chris Ciovacco the Chief Investment Officer for Ciovacco Capital Management, LLC. with the recent rate cuts by the FED I felt this extremely timely and would like to thank Chris for providing us with this information. — Tim McMahon,editor “Developments in financial markets since
Fed Cuts Rate — What will the Stock Market Do Now? Read More »
With the subprime mortgage problems reaching farther and farther out… touching hedge funds, U.S. and European banks, mortgage companies and money-market funds, at the risk of mixing musical metaphors and styles, it looks more like we’re about to see “The Dark Side of the Moon,” (the title of Pink Floyd’s 1973 smash album) when it comes to financial markets.
Subprime’s New Song: The Worst Is Yet To Come Read More »
