Words from the (investment) wise for the week that was (November 24 – 30, 2008) The holiday-shortened Thanksgiving week brought investors an additional item to be thankful for when stock markets closed higher for five consecutive trading days – a rare winning streak last accomplished in July 2007. The S&P 500 Index gained 19.1% since the start of the rally on November 21 and 12.0% on the week, registering the largest weekly gain since 1974. Source: Daryl Cagle Worrisome economic report

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Readers of this site will be hearing a lot more about this new “arm’s length, commercial” company “wholly owned by the government” (on behalf of you and me, the taxpayers, who are paying for it). It has been set up to own our shares in RBS, LLoyds/TSB/HBOS, Northern Rock and Bradford and Bingley. It will own assets worth well in excess of the annual National Income of the country. It will be responsible for a major share of all bank loans and deposits in the UK, and will have large operation

Overall, some great money management tips in this blog posting.

You simply cannot make this up. I found a section of this priceless commentary from the Reserve Bank of Zimbabwe via Marc Faber’s latest newsletter (hat tip reader Dean), and had to verify it. The original provides an even richer mine of material. From the Reserve Bank of Zimbabwe (boldface theirs): As Monetary Authorities, we have been humbled and have taken heart in the realization that some leading Central Banks, including those in the USA and the UK, are now not just talking of, but also

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Besides the latest from Mumbai, the most interesting news tonight concerns the BNP. The Labour government’s policy of overt persecution towards the BNP and other dissenters has backfired, and the BNP is gaining in strength. There are a couple of reports below about yesterday’s BNP demonstration in Liverpool, which was mounted as a response to the arrest of three party members for handing out leaflets.Thanks to C. Cantoni, Conservative Swede, Diana West, Gaia, GLT, Insubria, JD, Paul Green, Steen

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According to the AP, there is another mortgage crisis looming. That mortgage crisis involves commercial real estate including malls from Georgia to Michigan. The crisis doesn’t end there though. The meltdown is happening in hotels in Tucson, Ariz., and Hilton Head, S.C., also about to default on their mortgages. More from the AP: That pace is expected to quicken. The number of late payments and defaults will double, if not triple, by the end of next year, according to analysts from Fitch Ra

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by Patric Eva SAP is the short form of Systems, Applications and Products. SAP is not merely the name of worlds one of the widest software development company but as well the name of the software product developed by this company. SAP AG, the authorized name of the enterprise since it was made in Germany, in the first place thought of offering clients with a tool with which they can interact with a single master information base for each and every application needed across the organisation. T

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by hilzoy I don’t normally read Charles Krauthammer, but Heather Hurlburt at Democracy Arsenal does, and she flagged this startling paragraph: “In the old days — from the Venetian Republic to, oh, the Bear Stearns rescue — if you wanted to get rich, you did it the Warren Buffett way: You learned to read balance sheets. Today you learn to read political tea leaves. If you want to make money on Wall Street (or keep from losing your shirt), you do it not by anticipating Intel’s third-quarter

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After seeing your response to the Weekend With Malto in KC, you’ll surely enjoy this board release rager the KC crew had. Our intern ASmith brings us the goods: Sean Malto has had a few pro model boards come out in the last few months, but nothing like the one that was released this past Friday night. Malto’s new Girl board is based off a favorite drink of the Kansas City Crew, Big Bear. The unveiling celebration of the best looking board on the market was met by a huge Kansas City party. Thre

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COVINGTON, LA. (Nov. 29) – Buck Higgs, a down-at-the-heels hobby farmer living four miles north of this small southeast Louisiana town, said today that he would seek a banking charter from New York State’s banking department, a key step in his effort to change his business model and attract deposits. This action comes immediately after Goldman Sachs announced that it had won the same kind of charter in an “effort to change its investment banking model and gather deposits.” Two months earlier,

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Written by Christina H If you don’t play World of Warcraft, you have friends that do. And while we can’t begin to explain all the ins and outs of this 11 million-member community, we can bring out a few fascinating aspects of the WoW lifestyle … some of which you might wish you could go back to not knowing. Did you know… #6. WoW is a Lot Like Work In World of Warcraft, like real life, you need money. WoW uses in-game gold as currency and to do the fun stuff (”raiding” and killing huge

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