Charting Stocks

1929 Wall Street Stock Market Crash

Note: The shoe shine story was about Joseph Kennedy not Bernard Baruch.
Richard Whitney, President of the New York Stock Exchange peddling fear. National Securities Exchange Act will destroy the stock market and capital.

After only a few days since his countries default, Ecuadorian President Raphael Correa has again announced that he will not make the interest payment on a second bond. Ecuador is now in default of $60 million of interest payments. Correa, an American educated Economist, has declared the debt illegal.

Ecuadorean President Rafael Correa officially announced that he will not be making the interest payments on his foreign bonds. The country has officially defaulted on its debt obligations. This is the second Ecuadorian default in ten years.
“I have given the order that interest payments not be made,” Correa said. “The country is in default.”
Correa went [...]

News Flash! Recession Started a Year Ago Says NBER

It must be exciting to be an economist at NBER (National Bureau of Economic Research) who just recently announced that the US has been in a recession for a year. I wish I could find a job which entails telling people what happened in the stock market [...]

We’re naming names! Below are our picks for the best economic forecasters for 2008.
#1 Nouriel Roubini

Professor of Economics at New York University
Chairman, RGE Moniter
Website: www.rgemonitor.com
In his words: (2007) “With residential investment still in free fall, commercial real estate still doing fine until recently but now showing signs of strain, capex spending by the corporate sectors [...]