If you have been watching CNBC lately, you’ll notice that the US Dollar has been skyrocketing against every major currency except the Yen.
It seemed strange to me that the dollar would get stronger amidst a crumbling worldwide economy, bailouts left and right, and a 11 trillion national debt, so I did some research.
Possible Factors Behind [...]

Quicken Online is now 100% FREE for personal users.
Their online system allows you to manage all your bank accounts, credit cards, and even PayPal from a centralized location.
Instead of having to log into all your online savings accounts individually to track your balances, you just provide Quicken with your login details and it will [...]

We seem to have created a new device in Washington; it is a magic socializer wand. This wand sweeps aside constitutional limitations, enables the spending of trillions of dollars of tax payer money with little to no oversight and tramples any calls for informed debate.
With a puff of smoke, it instills fear into [...]

Hat tip to The Big Picture for posting up this bit of Wednesday humor.
CEO –Chief Embezzlement Officer.
CFO– Corporate Fraud Officer.
BULL MARKET — A random market movement causing an investor to mistake himself for a financial genius.
BEAR MARKET — A 6 to 18 month period when the kids get no allowance, the wife gets no jewelry, [...]

Bankaholic reader Wendell posted a link to this article, which is a realistic, accurate, no-nonsense summary of the current state of the economy. This is MUST read. Here’s a snippet:
I will say it again: the last time we saw these economic indicators was 1977-1979. Do you remember 1979-1981? Let me remind you: falling [...]

I’m surprised mainstream media does not talk about CDS (credit default swaps). CDSs are what crippled insurance giant AIG, and I think you will hear about this issue a lot more in the next few months… and it could get A LOT worse.
Derivatives are THE Problem
Deteriorating home values themselves aren’t to blame for the [...]

How did Congress NOT pass the bailout package?!? Are they stupid or are they crazy? or maybe they are selfish and are simply seeking re-election?
Since when are Capitol Hill pen pushers, who have absolutely no understanding of the daunting $500+ trillion derivatives bubble, qualified to vote on what is best to save the economy?
Who [...]

The FDIC (Federal Deposit Insurance Corporation) has released an interesting tool called EDIE the Estimator that can calculate your FDIC insurance coverage for each FDIC-insured bank where you have deposit accounts. EDIE lets you know in a printable report for each bank whether your deposits are within or exceed coverage limits.
Basically you type in all [...]

With the stock market in such a volatile state these days, it’s tempting to dig a hole in your backyard and bury your savings. This way you’d at least know where your money is at all times and how it’s performing for you.
Luckily, there are still some secure places you can invest [...]