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From Riches to Rags

From Riches to Rags

The Wall Street Journal has begun exposing how the New York financial sector is in such dire straits right now that some former stock gurus have gone to the lowly life of working for a living. For instance, take Carlos Araya. He used to be …

Gold Prices Static, Dollar Falls, Stocks Hike

Gold Prices Static, Dollar Falls, Stocks Hike

Despite a weaker United States currency report yesterday, gold prices really did not change. On Monday, the dollar fell against other major world currencies. As we have discussed before, gold is considered safe which makes it a hot commodity during a recession. Even though the …

Yesterday’s Fed decision could cost you, everywhere.

Yesterday when the Federal Reserve decided to print $1.2 trillion and pump the money into the economy, including buying $750 billion in mortgage backed securities and $300 billion in Treasury debt, every news source said it was a good move that would bring down mortgage …

Why are gas price rising while oil prices are relatively low?

With oil prices hovering around $40 a barrel, why have gas prices been on the rise since the beginning of the year?
Usually gas supplies start to decline from February to May because refiners begin maintenance operations on their facilities and switch from making winter grade …