Current Financial News

Britney Gold Teeth GrillzWhere are the big money players putting there money besides buying Grillz and investing in Ponzi Schemes?  They are looking to beat up stocks and bonds, and thanks to the WSJ, this is actually more credible than Ms. Spears and all that she is, you go girl!

What's next, the Bank of Obama?

Wonder-Twins Power Activate Bank of America (NYSE:BAC) and Citigroup (NYSE:C) and form the Bank of Obama, why not?  Throw more tax payer money into the fire, have a big party and get a 2009 deduction, lets do it America!

Bank of Obama

Run with the Bulls, get the HornFinally, an up day today, the Dow Jones is up 134 points this morning and it could go higher. Bad Bank is the word of the day, and its worth trading on.  The FAS is already up 27% today.

It's time to do our part and save the economy, one car wash at a time.

 

Consumer confidence plumbed historic lows in January and home prices fell at a record pace in November, data showed on Tuesday, highlighting a rapidly deteriorating economy.

Mounting job losses as the year-long recession deepens are piling misery on consumers already grappling with sharp declines in their wealth following the collapse of the U.S. housing and stock market.

Companies need to stop with the layoffs

 I have to rant here. Why does it seem like laying off thousands of employees is the new fad for CEO’s?

It’s become a daily topic in the news. What company laid off employees today? Earlier this week, Microsoft announced they are laying off 5,000 employees. This is after reporting $4 Billion in earnings.

How is that supposed to help the economy Microsoft? When you lay off 5,000 employees, you’re just adding to the problem.  If the average MSFT employee earns 80k a year, that’s $400 Million dollars that’s not going to be spent in the economy. These 5,000 employees are going to stop eating out, buying clothes, and consuming in general. Maybe in the short run it will help profits, but you’re damaging the economy and your own company in the long run.

Mcdonald's (MCD) Two for Three is paying off

McDonald's quest for world domination gets closer and closer every day.

McDonald's Corp.'s (MCD) Q4 earnings topped Wall Street estimates as the fast-food giant's global sales were driven by customers who find the food chain's offerings a cheaper alternative in troubled economic times.

Cheap US DollarWallStNation.com takes a moment to look at 13 Companies that once commanded massive market caps with promising futures, but since the downfall in 2008 and into 2009, these stocks find themselves trading under $1.

More Job Cuts at Starbucks (SBUX)?

Starbucks - Buddy JesusPoor Starbucks Corp. (NASDAQ:SBUX) its bad enough shares are now $9, now everyone is saying they are going to cut 1,100 more jobs. Starbucks laid off more than 1,000 workers last year. In November, it decided to eliminate 135 more jobs, including 85 in Kent and Seattle.  Thumbs up Jesus!

Liquidation Nation

http://blog.federatedmedia.net/archives/2007/12/picture-1.pngThought provoking article on Slate this week, enjoy

Circuit City, Linens 'n Things, and Sharper Image are gone. What company is next to go under? 

Earlier this month, Circuit City, the 567-store electronics retailing giant that filed for bankruptcy protection in November, announced it was going to liquidate. It's closing all its stores and laying off its 34,000 workers.

General Electric (GE): Dividend or Bust

General Electric Garbage Can TrashGeneral Electric (NYSE:GE) is down to $12.53, that makes for a 6 month decline of 57%Nice.  Profit fell 44%, 2009 will be "extremely difficult", and the stock now has a 9% Dividend yield.  So is it a bargain, or is it junk?