Category Archives: Main Page

More municipal troubles surfacing

Posted on August 6, 2013 by Danielle Park

A Federal judge approved the expedited hearing for Detroit’s bankruptcy case, reports CNBC’s Scott Cohn. Also, a look at the likelihood the same thing could happen in Chicago, with Phil Rosenthal of the Chicago Tribune. Here is a direct link.

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Fed’s reckless doom machine

Posted on August 6, 2013 by Danielle Park

Over the past 2 years real S&P earnings have declined by 2% while the trailing 12 month price to earnings ratio of US stocks has jumped 42% (from 13.5 to 19.5x) on thinly participated but highly leveraged stock speculation. Even … Continue reading →

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A million dollars in perspective

Posted on August 5, 2013 by Danielle Park

MarketWatch discusses why the notion that millionaires are among the ultra-wealthy is outdated and why most high-net-worth individuals in the U.S. say they need at least $5 million to consider themselves rich. Here is a direct link. Its simple math: … Continue reading →

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