There's an old Persian adage that states: "The bigger one's roof, the more one's snow". Living on America's east coast the adage doesn't really apply. The roofs are generally pitched and snow simply thaws and slides off. Back in Iran where most roofs are flat and building structures are of questionable soundness, people are forced — Continue reading »
Tax Break Myth
📆 February 20, 2007
Republicans like to pride themselves in supporting lower taxes. That is indeed a great ideal. The problem is that today such a view is plain false. I'm a middle class citizen, and I can speak with authority that the tax breaks have meant very little in terms of helping me achieve fiscal success. In fact, — Continue reading »
Penny Options
📆 January 14, 2007
It wasn't long ago when stock shares in the US markets were quoted in increments of 1/16 of a dollar or 6.25 cents. I always wondered why the system was designed that way. It seemed unfair that there was always a 6.25-cent margin between the ask and bid prices, while any other product bought and — Continue reading »
The Dollar in 2007
📆 January 1, 2007
Happy new year! Somewhere among the new-year vows of weight loss, self-improvement, and advancing one's education, there are inevitable thoughts about money; how to make more, how to save more, and how to better invest the hard-earned dollars. Unfortunately the outlook for the dollar remains poor for 2007 and there is fear that it will — Continue reading »
The Middle Class Holiday Bonus Shaft
📆 December 19, 2006
If you read any financial papers or visit any sites with a financial slant around this time, you’re bound to run into an article or two about holiday bonuses. Generally the newsworthy ones are about bonuses granted to money managers and deal makers in big investment outfits. The usual suspects are fund managers, top brokers, — Continue reading »
Dollar's Doomsday
📆 November 26, 2006
When I wrote this blog entry about the dollar over three years ago, the dollar and the euro were at parity levels, give or take a few cents, and the euro was climbing robustly. Soros had taken a strong position against the dollar and was beating the drum on how grim the outlook for the — Continue reading »
Dollar's Doomsday
When I wrote this blog entry about the dollar over three years ago, the dollar and the euro were at parity levels, give or take a few cents, and the euro was climbing robustly. Soros had taken a strong position against the dollar and was beating the drum on how grim the outlook for the — Continue reading »
Give a few Sats