Davemanuel.com Blog Posts
An archive of the various Davemanuel.com blog posts on the site which include short views on the stock market, real estate market and the economy in general.
More Arrests Made in Galleon Group Insider Trading Case
Authorities have reportedly arrested an additional seven people in connection with the Galleon Group hedge fund insider trading case.
Those arrested include former employees of Galleon (Zvi Goffer...
CNBC Viewership Numbers Are Trending Downwards
It shouldn't come as a surprise to anyone that CNBC's numbers are way down from the fall of 2008.
Much has been made in recent days about how far CNBC's ratings have fallen since the end of 2008, ...
Amazon.com Surges to New All-Time High After Q3 Earnings
Amazon.com didn't just beat Q3 earnings expectations after the bell on Thursday. Instead, the company practically humiliated the analysts who currently cover the stock, blowing out the consensus earni...
A Record Number of Foreclosure Filings In Q3 2009
RealtyTrac Inc. (link below) is reporting that there were a record number of foreclosure filings in the United States in the third quarter of 2009.
Approximately 938k homes - that's 938,000 - eith...
Bernard Madoff Reportedly Gets Into a Fight in Prison
Bernard Madoff in a fight?
Against who? The Feds? Angry investors?
The New York Post is reporting that the disgraced Madoff recently got into a fight (not really a fight, more like a minor dust...
Spot Gold Price Hits New All Time High
Moderate inflation over the coming years? Deflation perhaps?
The price of gold begs to differ.
After breaking an all time high of $1,045 USD on Tuesday, gold has hit yet another high early Wedn...
Is the World Bank Running Out of Money?
According to president Robert Zoellick, the World Bank "will face serious constraints" by the middle of next year, and will need a capital injection of over $11 billion dollars in order to properly fu...
Cramer Slammed For Ill-Timed CIT Call
It was just yesterday that Jim Cramer, host of "Mad Money" on CNBC and frequent contributor to the Thestreet.com's network of sites, wrote an article titled "Citi and CIT Are Primed for Upside".
T...
US Income Gap Continues to Widen
The income gap between the wealthiest 10% in the United States and the poorest 10% continued to widen last year as middle and lower class households took an especially hard hit due to the "Great Reces...
Over 35 Million Americans Receiving Food Stamps
The USDA's (United States Department of Agriculture) Food and Nutrition Service division recently released some fairly startling information about the number of Americans who are currently receiving s...
Spain Is Sliding Into a "Full-Blown Depression"
The "Great Recession" seems horrible enough for those of us who live in North America.
However, for a number of countries across the world, the economic situation is much more dire.
One of tho...
Listen to Marc Faber and You Will Be Depressed (If You Already Aren't)
Wars? The impending collapse of the entire US government? Massive debt defaults throughout the world? Large areas of the Western world engulfed in poverty? The end of the entire capitalist system?
...
Eugene Isenberg, Michael Jeffries Lead List of Highest Paid, Worst-Performing CEOs
Which CEOs (outside of the financial industry) made the most money in 2008, despite delivering absolutely miserable returns to their shareholders?
According to compensation firm "The Corporate Libr...
Massive Surge in Perot Systems Corp. (PER) Call Options Buying Just Before Dell Buyout
Dell announced earlier today that they would be buying Perot Systems for $3.9 billion dollars in cash.
Perot Systems leapt over 65% on this news, closing the day at $29.56. The stock had closed at...
Fed Buys 48.3% of Net New Treasuries Sold in Q2 2009
The WSJ is reporting that of the $339 billion dollars of net new Treasuries sold in Q2 2009, the Fed (Federal Reserve) bought up $164 billion of it.
Foreign governments and individual investors ha...
Ron Paul Wants To "End The Fed"
Ron Paul doesn't just want to audit the Fed - he wants to "end" it.
Ron Paul, in an interview earlier this week on CNN, railed against the Federal Reserve (aka the "Fed"), squarely putting the bla...
Unemployment Rate in California Reaches Record Levels
The Labor Department reported on Friday that unemployment rose in 27 states in August, with California and Nevada reaching joblessness levels not seen since data started being compiled in 1976.
Ju...
90% of People Believe That The Fed Should Be Abolished
CNBC.com, in conjunction with their review of Ron Paul's new book "End the Fed", conducted a recent poll that asked the question - "Should the Fed be abolished?"
Of the 12,515 people who participat...
IMF Looking To Sell 13 Million Ounces of Gold
The IMF (International Monetary Fund) is apparently mulling over the idea of selling "about 1/8th" of its gold reserves, or about 13 million ounces in total.
Given that gold is currently trading f...
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