Tag Archives: Economy
Posted on 31. Jul, 2008 by Jason Guthrie.
As you may have heard Exxon Mobile released the financial results from the second quarter. The Company broke its own record for the largest quarterly earnings ever booked by a corporation – $138 billion of revenues for net income of $11.68 billion. That turns out to be about $1,486 each second of every day! The […]
Posted on 25. May, 2008 by Jason Guthrie.
If you haven’t heard, the California city of Vallejo filed for bankruptcy protection this week after they were unable to come up with over $17 million to balance the budget. The story prompted me to ask, “How does a city go bankrupt?” The short answer is: just like the rest of us. Sometimes there are […]
Posted on 08. Jan, 2008 by Jason Guthrie.
Countrywide Financial (CFC), one of America’s largest home-loan lenders, tried as hard as they could today to deny the rumor that the company is filing for bankruptcy. However, as today’s stock performance shows… nobody seemed to be listening. But today’s press announcements and market reactions brings up a few interesting observations about investing: 1. Sometimes […]
Posted on 07. Jan, 2008 by Jason Guthrie.
As I become more actively involved in watching the presidential debates and following various candidates, one of the topics that is at the top of my list of concerns is the economy. Specifically I worry about the rising cost of health care, the state of social security, and of course… taxes. Most candidates have touched […]