WASHINGTON -- House Republicans dealt defeat to their own proposal for a $2.4 trillion increase in the nation's debt limit Tuesday, a political gambit designed to reinforce a demand for spending cuts to accompany any increase in government borrowing. [more]
For anyone who remembers cut-rate vacations to Canada, the recent rise of the loonie against the dollar has been somewhat disorienting. But recent currency moves suggest the Canadian dollar's days of dominance may be numbered. Is it time to pack the car and head north?
For the past eight months, the Canadian dollar has been rising against the dollar to a peak of $1.06 at the end of April up 5% this year alone, and up 36% from two years ago, when a Canadian dollar could be bought for a little more than 77 cents. But after oil prices and commodities fell last week, the Canadian dollar started to inch downward, to $1.03 as of Friday. [more]
My idea of an economic nightmare isn't a stock market crash, but a currency crisis which destroys the value of an entire country's wealth. [more]
Last night I lay back on my couch and had a couple of glasses of red, while reading an article from 1980 about the Hunt brothers and the events that surrounded the last spike in Silver to $50.
I found the article while surfing the web for financial news so I take no responsibility for the fact the original article was found in Playboy. Everyone reads Playboy for the articles, right? [more]
"IN THE LATE '70s hit "The Gambler," country singer Kenny Rogers shared the secret to gambling, something I consider to be the very essence of good portfolio management: knowing what to throw away and knowing what to keep." [more]
This was in my inbox this morning, but I have to thank MoneyWorksforMe because I saw his bringing this to my attention before checking my inbox. [more]
Is going to college a worthwhile investment? Is the education that our young people are receiving at our colleges and universities really worth all of the time, money and effort that is required? [more]