Archive for July, 2009
A Stimulus Program finally works, runs out of money in 1 week!
WSJ: ‘Cash for Clunkers’ Runs out of Gas
Good article from the WSJ on the governments cash for clunkers program. Congress allocated $1 billion and it is gone in a week! A couple of quotes from the article:
Congress had expected the $1 billion set aside for the rebates to last several months and set up the [...]
What Went Wrong With Economics
I found this quote and link on the site of Otto Rock. It very succinctly puts the worth of the current crop of economic advisors and experts in their place:
It acknowledges that the discipline is subject to three critiques:
1) it helped cause the current economic crisis
2) It failed to see it coming
3) It doesn’t know [...]
I need your vote
I am attempting to get published on another writing venture and have submitted a proposal to ChangeThis.com for one of their manifestos. This is in an area completely different from my usual topics. Go over to the link and give me a vote:
http://www.changethis.com/proposals/1736
Inergy, L.P. increases dividend again
Inergy, L.P. | Investor Relations | Press Release.
One of the best income stocks I have come across since starting this site is Inergy L.P. (NRGY: 37.84 -0.04 -0.11%). This propane retailer and natural gas midstream company has again increased their quarterly payout. This is the 31st consecutive increase in the distribution. The stock currently yields [...]
Stupidity of mortgage companies
Investors who bought a condo next to Disneyland for $154,100 in June at a foreclosure auction, offered it for sale on Saturday at $229,900 and found a buyer the next day …
The servicer or bank asked for just $123,250 at the June 26 auction even though $358,096 was owed on the first mortgage. Potential buyers [...]
