ID theft as basis of systemic IRS tax refund fraud problems
by Linda Beale ID theft as basis of systemic IRS tax refund fraud problems Early in 2012, the IRS and Justice Department announced a major crackdown on identity theft and enforcement efforts against...
View ArticleEuro Rally Fizzles on Contagion Fear, Pound Holds Range Ahead Of BoE
The Euro is struggling to hold its ground on Tuesday amid the slew of dismal data coming out of the region, and the single-currency may continue to give back the advance from earlier this month as the...
View ArticleEuro area economy contracted by 0.2% in Q2 2012
Euro area GDP contracts by 0.2% in the second quarter compared to the first quarter, right in-line with the consensus estimate of –0.2%. GDP growth was 0% in the first quarter on a quarter-on-quarter...
View ArticleThree Year Check: AGEM, EQL, CSM
The ETF industry has certainly come a long way since SPY made its debut as the first exchange-traded fund in 1993. With over 1,400 products to chose from, investors of all walks can now have cheap and...
View ArticleGreat Graphic: Average Interest Rates on Debt
This Great Graphic comes from Also Sprach Analyst blog. It depicts the yields of the periphery and Germany in an important way that is often overlooked. It shows the average yield that the...
View ArticleIs Rajoy Serious or is He Just Flirting?
A Spanish newspaper is reporting today that a formal request for EFSF aid for domestic banks can come as early as this week. This would be seen to clear the way for the payment of the first tranche of...
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Japan's New Tax Legislation Is A Sham
I’m amazed that Japan has not yet hit an economic reef. At over 230+%, the country’s debt to GDP is so far out of whack that I keep thinking that something has to give. I’ve been wrong for years. The...
View ArticleNon-performing loans are still rising in Wenzhou’s banking system
“Troubles in Wenzhou” seems to be a recurring theme since the Chinese economy started to slow much more than expected last year, and it has no sign that it will go away. A place known for...
View ArticleThe assault on freedom is just beginning
August 14, 2012 Somewhere beneath the English Channel I’m writing this letter to you whilst throttling at a high rate of speed somewhere beneath the English Channel en route to Paris. My ultimate...
View ArticleAttempting Another Run at the Dollar
Good day, and a Tom Terrific Tuesday to you! The fingers are still pretty sore, but the feeling in the tips of the fingers has returned, so I’ve got that going for me! It was like the “old days” here...
View ArticleBOFI: A Diamond in the Rough, Part II
First, apologies for publishing this so late, we had a few hurdles to overcome before we could do so that aren’t worth mentioning, just administrative stuff. Anyway, back in March, I first wrote about...
View ArticleThoughts on the Market August 14, 2012
Volatility (as defined by the VIX) has been trending lower, as the many sources of bad news fail to get any worse and confiscatory interest rates relentlessly push investors into the water. Investors...
View ArticleDoes, or did, Romney own shares in the Bain fund that is an owner of HCA...
During the Great Recession, when many hospitals across the country were nearly brought to their knees by growing numbers of uninsured patients, one hospital system not only survived — it thrived. In...
View ArticleDealing in Active Stocks
Trading Wisdom 07: Dealing in Active Stocks “Dealings should be in the active stocks. In order to make a profit, a stock must move. A great deal of money and many opportunities are lost by traders who...
View ArticleGMI Ratings Governance Issue | DST Systems, Inc.
DST Systems, Inc.’s investors are exposed to the increased possibility of adverse events, in part due to warning signs such as the information processing and software services company’s estimations...
View ArticleHistory, All Over Again (Again…or “Part II”)
If this is the price to be paid for an idea, then let us pay. There is no need of being troubled about it, afraid, or ashamed. This is the time to boldly say, “Yes, I believe in the displacement of...
View ArticleDaily ETF Roundup: U.S. Pushes Ahead, Europe Stuck In The Mud
Investors finally saw some action in the markets today after a slew of economic reports helped jump start some much needed momentum. Unfortunately, the enthusiasm didn’t last long as investors...
View Article10-year T-Bond Yield & Apple’s Gravestone Doji
Not much for you today, folks. The only notable things that caught our attention was the 10-year Treasury yield closing above resistance thus negating what could have been a short-term island top in...
View ArticleThe Whiskey Rebellion
This could very well have been the Province of Westsylvania, part of British Imperial Canada. To the east, along a line of demarcation that follows the northeasterly arc of the Alleghenies, would be...
View ArticleUsain Bolt vs. Gravity
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