Sunday, February 27, 2011

Awesome visualization of Obama's proposed budget cuts

By The Daily Crux:

The American public is constantly bombarded by enormous figures about how much the government is spending on this or that or how large the deficit has become... but most folks have trouble understanding just how much money these numbers represent.
So today, we're passing along a short clip that illustrates the federal budget crisis so clearly even a five-year old could understand.
It's a simple video, but it puts the government's recent budget battles in perspective like nothing else we've seen.
Click here to watch the video...
http://www.economicpolicyjournal.com/2011/02/visual-analogy-to-obamas-100-million.html

More Cruxallaneous:
Porter Stansberry: Wake up now, before it's too late
The absolute must-read editorial of the week... of the month
The horrific government news that absolutely no one is talking about
View the original article here

Thursday, February 24, 2011

The absolute must-read editorial of the week... of the month

From 321gold.com:
Bernanke, You Stupid B%#%^*d
Yes, you.
And Trichet, and the rest of the Central Bank fools.
But especially you, Bernanke.
There's dumb and then there's really dumb. Let's take a short walk back down history lane.
You were sure there was no housing bubble.
Then you were sure it wouldn't pop.
Then you were sure when the subprime problem hit, that it wouldn't cause a recession.
Then you were sure you had it under control with Bear Stearns' hedge funds.
Then you were sure you had it under control with Bear Stearns itself.
Then you were sure it was under control with Lehman, even though you had to know Citibank and others were refusing their collateral in the repo market.
You were sure QE would support higher bond prices - and lower yields. The exact opposite thing happened.
You were sure QE2 would suppress long end yields. The exact opposite thing happened.
Oh yeah, you made excuses both times, but in fact you publicly said that in both cases the exact opposite thing would happen that did.
Now let's look at what happened just today...
Read full article...
More must-reads:
Porter Stansberry: You must prepare for a crisis NOW
Stansberry: Detroit's socialist nightmare is America's future
The best explanation of Barack Obama's agenda we've ever read
View the original article here

Wednesday, February 23, 2011

How to find tomorrow's great dividend stocks

From Dividends Value:
... [A] dividend stock analysis is a snapshot in time, but the real question for the savvy dividend investor is ‘where is the stock headed?’
Here are four important directional metrics that I look for when updating my stock database...
1. Declining Shares
Many companies sell stock to raise cash. The important question is what is the company going to do with the cash? Is it for an acquisition or “general corporate purposes?” The latter is code for...
Read full article...

More on dividend stocks:

How to get started in dividend investing
This could be the best dividend opportunity of your lifetime
These dividend stocks could be "the best kept secret on Wall Street"
View the original article here

Tuesday, February 15, 2011

The top 14 overlooked income tax deductions

From Money Crashers:

The only thing worse than paying taxes is paying more than you have to. With this year's tax filing deadline coming up, make sure you're getting every penny you deserve by checking if you're eligible for these 14 little-known tax deductions.
1. Tax Preparation Fees, Schedule A, Line 22
Yup, it seems kind of circular, but you can deduct the cost of tax preparation on your Schedule A. If you paid taxes and used a credit or debit card, you can also…
Read full article...
More on taxes:
These states are offering big tax breaks for retirees
Upcoming gov't loophole will allow huge estate tax avoidance
Democrats and Republicans are BOTH wrong about the Bush tax cuts
View the original article here

Thursday, February 10, 2011

The great Richard Russell on how anyone can become rich

 

Tuesday, February 01, 2011

From Richard Russell on LewRockwell.com:

MAKING MONEY: The most popular piece I've published in 40 years of writing these letters was titled, "Rich Man, Poor Man." I have had dozens of requests to run this piece again or for permission to reprint it for various business organizations.

Making money entails a lot more than predicting which way the stock or bond markets are heading or trying to figure which stock or fund will double over the next few years. For the great majority of investors, making money requires a plan, self-discipline and desire.

I say, "for the great majority of people" because if you're a Steven Spielberg or a Bill Gates, you don't have to know about the Dow or the markets or about yields or price/earnings ratios. You're a phenomenon in your own field, and you're going to make big money as a by-product of your talent and ability. But this kind of genius is rare.

For the average investor, you and me, we're not geniuses so we have to have a financial plan. In view of this, I offer below a few items that we must be aware of if we are serious about making money...

Read full article...