Moody’s may lower US rating
Sep17

Moody’s may lower US rating

Last Tuesday,  Moody’s (bond credit rating service) warned that it could lower the United States’ rating from triple-A to Aa1 if congress fails to reduce its debt. This warning comes a year after the US saw their triple-A status taken away by Standard & Poor’s. In June S&P confirmed their decision, saying the  conditions have deteriorated if anything. In a recent statement the firm stated “Budget...

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Is short selling evil?
Jun25

Is short selling evil?

  I’ve both witnessed and participated in debates on whether or not short selling stocks is wrong or harmful to companies or market participants. Short selling is essentially betting that the price of a commodity, stock, bond, or currency will go down in the future. It works through borrowing the stock from a broker, buying it back at a lower price, and keeping the difference. According to Investopedia.com ‘Short...

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US household wealth falls
Jun25

US household wealth falls

      The average American household has seen their wealth decline by thirty five percent between 2005 and 2010. The (American) Census Bureau’s points to falling real estate prices and stock market indices as main causes of this decline. The median has fallen from $102,844 in 2005 to $66,740 in 2010. The house net worth is calculated by the value of assets minus the debt. [1] “2010?” you say. I know...

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Asia now has the most millionaires
Jun22

Asia now has the most millionaires

Capgemini and RBC Wealth Management report that there are now 11 million millionaires in the world . That seems like a lot, I think. But, I can’t really picture what 11 million people look like. I’d then have to imagine those 11 million among the  7,021,480,637 humans in the world. [1]  That gives us around 0.16 percent. So, you take a hundred people that represent the world population, and stare at one guys shins. Those...

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