Archive for March, 2008
Friday, March 14th, 2008
Is The Fed A Victim of Poisson’s Ratio?
The Fed continues to throw everything including the proverbial kitchen sink into trying to stabilize world financial system but it occurred to me that perhaps this is just a classic case of Poisson’s Ratio coming into play and the Fed is ultimately helpless to do anything about it.For the uninitiated, Poisson’s ratio is a mathematical [...]
No Comments » - Posted in The Fed by RichSlick
Thursday, March 13th, 2008
You Need To Request a 20% Raise This Year
If you haven’t received your annual performance evaluation or your merit increase this year from your current employer, let me give you a tip: You need to ask for at least a 20% raise! Don’t walk into your manager’s office without being armed with some good statistics. You should begin by explaining to your employer [...]
1 Comment » - Posted in The Fed by RichSlick
Wednesday, March 12th, 2008
Eliot Spitzer, Finance and SAR (Suspicious Activity Report)
According to this article on ABCNews.com, it was “suspicious” financial transactions that initially led the Feds to take a gander at Spitzer’s extracurricular activities. From the article, The suspicious financial activity was initially reported by a bank to the IRS which, under direction from the Justice Department, brought kin the FBI’s Public Corruption Squad. For [...]
1 Comment » - Posted in Financial Safety by RichSlick
Tuesday, March 11th, 2008
I Gotta Get in on the Action!
I just completed the paperwork to borrow $2 billion from the Fed and I’ve posted it below. I need to get in on the billion dollar action as the money being loaned out seems to be going directly into the stock market at this point. Borrow low and invest high is the Rich Slick motto [...]
1 Comment » - Posted in The Fed by RichSlick
Tuesday, March 11th, 2008
Tipping Point: Walking Away From Foreclosure & Tax Liability
As more and more people simply walk away from their homes it occurred to me that this may be the tipping point for something more ominous. A book written by Malcolm Gladwell a few years ago, The Tipping Point, posits that there is a critical point at which people change their attitudes, en masse, about [...]
No Comments » - Posted in Watch Out by RichSlick
Tuesday, March 11th, 2008
Fed Unleashes 200 Tons of Crack on Market
I caught this headline on yahoo and thought the title above was more appropriate. From the article we learn, WASHINGTON (AP) — The Federal Reserve on Tuesday announced it is ramping up efforts to provide more relief to cash-strapped financial institutions, a coordinated action with other central banks aimed at easing a global credit crises [...]
No Comments » - Posted in The Fed by RichSlick
Monday, March 10th, 2008
No Way To Save My Roth IRA
One of the cruelest ironies of becoming successful in life is how government always seems to hold you down. I have been working on figuring out a way to salvage my Roth IRA account and it simply isn’t going to happen. The problem with my Roth is income limits. I’m completely baffled by why the [...]
5 Comments » - Posted in Money Management by RichSlick
Friday, March 7th, 2008
You’re Crazy If You’re Not Borrowing Right Now
What a great time to borrow money; it’s a total panacea! With the Fed lowering rates and inflation spiking out of control, you’ve got to be crazy to not be borrowing right now. I just got another credit card check offering 30k at 0% for 6 months and with real inflation growing at 7.5 pct, [...]
7 Comments » - Posted in The Fed by RichSlick
Thursday, March 6th, 2008
Borrower is Slave to Lender? How So?
I keep reading the quote, “Borrower is slave to the lender” on various blogs advocating a debt-free lifestyle but if we look around is this really so? We have millions of people that borrowed from lenders to buy homes. Borrowers can’t afford loans so you’d think they’d be slaves to the lenders but it [...]
1 Comment » - Posted in The Fed by RichSlick
Thursday, March 6th, 2008
Will I Be Old, Rich and Lonely?
I’ve been fortunate enough to work for organizations that have had a truly diverse workforce over the years. Aside from working with people from various ethnicities, cultures and backgrounds the group that has always stirred the most emotions within me has been the “older” employees. I use the word “older” in quotes because over the [...]