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Archive for June, 2008

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How Big of an Impact Has the Falling Dollar Had on the Price of Oil?

Monday, June 30th, 2008

OPEC’s starting to tick me off. First they say they are ‘unhappy’ about high oil prices. Then, Bloomberg.com reported recently that OPEC’s President is predicting oil to go to $170 per barrel by the end of the year: OPEC President Chakib Khelil predicted that the price of oil will climb to $170 a barrel before […]

Oil Speculators Aren’t The Problem

Monday, June 30th, 2008

There’s a very interesting Fortune article entitled In Defense of Oil ‘Speculators’ that I recommend checking out. I am not an expert on the energy markets, and therefore I appreciated this article, which explains in simple terms some basic economic and futures trading principles – and common misconceptions. Here are a few interesting quotes: If […]

We’re Looking at the Second Worst June in S&P History

Sunday, June 29th, 2008

As of Friday’s close, the S&P 500 Index is down 8.55% on a total return basis for the month of June. If things don’t improve during Monday’s trading, this June’s performance will be the worst June performance in S&P 500 Index history and the second worst in the S&P Index’s history. Remember, the S&P Index […]

OT: Wal-Mart’s Changing Its Logo

Saturday, June 28th, 2008

From this: To this: Source: Wall Street Journal According to the Wall Street Journal, the logo will be white letters on an orange background followed by a white sunburst. Another big change is that “Wal-Mart” will now be “Walmart”. It’s definitely different. I suppose it does make Walmart look a little more up-to-date. Unfortunately, they […]

Summer Spending

Friday, June 27th, 2008

Do you find yourself spending more in the summer months? Not just because of vacations, but in general? After reading a recent post by English Major, it hit me. This morning I was pouring over my actual budget (what I’ve spent as opposed to what I planned to spend) at Mint, and I couldn’t believe […]

GIVEAWAY: I’m in a Generous Mood!

Wednesday, June 25th, 2008

I’ll be out the next couple of days. So, to keep you busy I thought I’d do another giveaway. This one’s different from all the others because it’s going to require you to do a little work. Here’s the deal: This giveaway will be the entire collection of books listed on the right hand side […]

The Law of Household Economics

Tuesday, June 24th, 2008

I read an interesting and funny article by Karen Blumenthal in today’s Wall Street Journal titled Vanishing Act: The Law of Household Economics ($). She defines “The Law of Household Economics” as for every financial windfall, an equal, unexpected cost. She then goes on to lament the fact that everytime she and her husband experience […]

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