November 2011

Video: The Last of the Legacy Airlines Goes Under

Andrew Gordon Talks About Why He Hates Airlines So Much and Why You Should Never Invest In This Sector…

Housing Continues to Slip in Philly Area and Nationwide, Says the Philly Fed

The Philly Fed issued its report today on regional housing permits. It said, “From September to October, the issuance of residential building permits increased in New Jersey and fell in Pennsylvania, Delaware, and the nation.” But did you know that the Fed also provides a “change log?” So we can see what

Insider Information on Fate of Fannie Mae and Freddie Mac Known By Certain Hedge Funds Weeks in Advance

An exclusive group of powerful Wall Street insiders, many of them alumni of Goldman Sachs, got an advance heads-up from then Secretary of Treasury Henry Paulson that  Fannie Mae and Freddie Mac could be going into government conservatorship. The trade implications were obvious: Freddie and Fannie’s shares would be going down the

Delvalle: What If Black Friday Doesn’t Matter?

When I drove around on Thanksgiving, I already started seeing signs of the coming hysteria everywhere…

Not only was traffic particularly busy, but tents were set up outside the big box stores.

People were waiting in line to try and grab the Black Friday discounts before they ran out. Heck, some people were in stores as early as 9PM on Thursday to get the first batch of deals.

Supercommittee Blamed as Fitch Downgrades US Debt Outlook to Negative

The word from Fitch isn’t good. On its current path the US will face interest payments that will eat up over 20% of its tax revenue. “Such a level of government indebtedness would no longer be consistent with the U.S. retaining its AAA status despite its underlying strengths,” Fitch said. Okay, I

Falling Crude Prices Won’t Prevent Your Heating Oil Bills From Going Up This Winter

By David Dutkewych, Commodities Specialist I live in southern Florida. I turn on the heat in my house 6-10 times a year. We experience the country’s brutal winters vicariously through stories told to us by the snowbirds, really the only sensible way to experience a winter in my opinion. But you’ll

What If Black Friday Doesn’t Matter?

When I drove around on Thanksgiving, I already started seeing signs of the coming hysteria everywhere… Not only was traffic particularly busy, but tents were set up outside the big box stores. People were waiting in line to try and grab the Black Friday discounts before they ran out. Heck, some people

Oil Prices Could Skyrocket to New Highs, Stall Global Growth

The best thing to happen to Iran was the outbreak of civil unrest in Tunisia and Egypt, followed by civil war in Libya and the violent putdown of street demonstrations in Syria. Iran got a break from public scrutiny. But it failed to take advantage by stepping away from its alleged development