It is notorious that most of the US mutual funds have had to incur losses last year (many of them between -30% and -20%, some of them even lower). And the story got even worse – due to their massive losses, most of these mutual funds were forced to sell big chunks at their assets at a loss and reimburse the capital gains to the investors. Who in turn incurred even more losses because the of the capital gains taxes.
Well, there is no shortage of the mish mash news today, in a nice avalanche of disasters hitting the once largest economy in the world. We at doitinvest.com were chatting – when we will look from the future to these days, how will they look like? How would look the $22 billion asked today by GM from the U.S. government […]
I was reading today some analysis about the euro currency prospects in the incoming day somewhere on Bloomberg. And boy, the things do not look good at all. The prospects for the Euro are grim. The analsysts said on several web stories that the European currency is supposed to go down, from their current levels of 1,26 USD/EUR to 1,25, […]
Home prices fell 12.4% during the fourth quarter of 2008, the largest year-over-year decline since the National Association of Realtors began keeping comprehensive records in 1979. The median price for a U.S. home sold during the fourth quarter of 2008 fell to $180,100, down from $205,700 during the last quarter of 2007. Distressed properties, the foreclosures and short sales that […]
Let’s say that the trillion or so of toxic assets would face two choices – go bankrupt or be offered for free to willing persons. What should the U.S. government do?
Some investment blogs said that they shoul be given to the bank executives, instead of their salaries. Nice try. But they knwo how to do with them, and they would squeeze more money out of the government big pockets, in the form of another smart bailout plan.
No, we at doitinvest.com don’t like the idea. But what if we would start another system of getting rid of those assets?
US Treasury Secretary Timothy Geithner held yesterday a speech on the foreseen bailout measures which failed to reassure the markets. The Dow Jones fell 200 points from the start of his 30 minute speech to the end and finished yesterday 382 points behind the day before. Indeed, stock traders made him pay for the lack of specific details in his […]
General Motors, Ford and Chrysler LLC will be some of the biggest beneficiaries if the new bailout bill will be passed by the Senate. The bill intedns to create a provision of $11 billion which would allow the U.S. taxpayers to deduct for tax purposes interest paid for auto loans and mortgages.