Archive for February, 2008
Friday, February 15th, 2008
2008 Will Be The Year We Should’ve All Gotten Out of The Market
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Get Rich Slow + Get Rich Quick = Get Rich Slick. If you’re new here, you may want to subscribe to my RSS feed. With Ben Bernake now stating the economy is worsening and Paulson saying, “We’re […]
6 Comments » - Posted in Financial Safety by RichSlick
Thursday, February 14th, 2008
Raked in $900 Today, Maybe $1700 Next Week
I promised an anonymous poster that I’d do a write up on my ETF Covered Call strategy do explain it in detail but I’ve been too busy. I don’t like writing about “theoretical” returns which is why I put this blog where my money is and write about my transactions almost as soon as they […]
No Comments » - Posted in Money Trades by RichSlick
Wednesday, February 13th, 2008
Is Recession A Result of Frugality?
As the U.S. economy heads into recession there have been many theories as to the root cause but the net effect is pretty straightforward, less consumption means lower profits for businesses.
The Starbucks sells less coffee and is forced to reduce coffee inventory and coffee purchases. Less demand for coffee pushes price of coffee […]
4 Comments » - Posted in Money Management by RichSlick
Wednesday, February 13th, 2008
Feds To Stop Foreclosures?
Where have I returned to? What is all this talk about the Feds forcing a 30 day reprieve on foreclosures? Huh? So if I loan out money to people so they can buy a house and they refuse to pay their debt back, I can’t foreclose to recoup losses or to resell […]
No Comments » - Posted in Watch Out by RichSlick
Monday, February 11th, 2008
Where’s The Outrage? New York Shops Accepting Euros
About a year ago, there was a big ruckus over a Pizza chain in the southwest taking Mexican currency as payment for food and service. I distinctly recall it because it was all over talk radio and the usual talking head media channels and I had just finished taking a trip overseas when it happened.
It […]
No Comments » - Posted in Watch Out by RichSlick
Friday, February 8th, 2008
I’ve Returned To Bizarro World
I leave for a few days across the globe and come back to bizarro world. I hear Rush Limbaugh is endorsing Hillary Clinton? eh?
I also see that Super Tuesday yielded three democratic candidates for president: Obama, Clinton, and McCain. So we’ll definitely see a democrat in office in 2008.
I also see that the Dow continues […]
1 Comment » - Posted in Misc by RichSlick
Wednesday, February 6th, 2008
State of The Global Economy
As I tour some of our global operations on my multi-continent business tour, I keep coming back to the oddity that is the US economy. From an international perspective, business is good and business keeps expanding but from a domestic (US) perspective things seem to be slowing down a bit.
I call it odd because there […]