George Soros: When I see a bubble I'll buy, and I see a flaw in the bubble, I'll sell!

Comments

Post a Comment

Popular posts from this blog

Dark Days at Knight Capital

Despite all efforts to corral Wall Street to avert a crisis, avoid market collapse, and instill confidence in the system, guess what happens. Yet another major misstep in the marketplace by one of its big participants.  And not just the rare market mistake that occurs once every year or two.  Missteps, hiccups, and strange collapses seem to be occurring these days just about every other week. This week, it's Knight Capital , the equities market-making firm that announced losses of over $400 million after it launched new software in its trading systems.  Software errors and technology glitches led the firm's black boxes to spew large orders of errant trades. By the time the firm's humans (not machines) could discover what was happening, it was too late. The losses had piled up on trades the firm had no idea it had booked and would have never wanted to make in the first place.  The losses wiped out about half of its book-value equity, and now it struggles to survive in...
Read more

Guest Post : High Interest Savings Accounts

Image
In the current economic climate, savvy customers need to shop around to find the best high interest savings accounts . The lack of movement on the Bank of England’s base rate means that savers are continuing to see relatively low returns on their investments. The average interest rate on a typical easy access savings account is just over 1% and, given the dismal predictions for the future of the UK economy, this is unlikely to improve any time soon. One option is to put your money in a Cash ISA. With an average interest rate of around 2.5% AER this is a good option for those who are not already using their tax-free allowance. You can save up to £5,340 per year tax-free. Online savings accounts also offer higher rates of interest, but withdrawals are often limited to three or four times a year.  If you don’t mind locking away your money, fixed rate bonds are a good option for people looking for high interest savings accounts . The average rate is 3% on a £1,000 investment ...
Read more

Understanding Mortgage Life & Mortgage Disability Insurance

Image
When purchasing a new home, buyers must decide if they want mortgage life insurance and mortgage disability insurance. Both forms of coverage provide some degree of protection if the purchasers become disabled, become terminally ill or die. It is important to know what options are available before deciding. The following points define the various options for both insurances. 1. Reducing Term Mortgage Life Insurance In the past, this was the most popular type of coverage chosen. The amount owed on the mortgage is the insurance amount, and the death benefit decreases each year as the mortgage is paid down. If the policyholder died suddenly, the remaining amount would be enough to pay off the home. This reduces the chance that the insurance company would pay out more than necessary. For example, they would not want to pay $250,000 to survivors if the current amount owed was only $50,000. 2. Term Life Insurance Mortgage Protection As a rule, this economical form of coverage is th...
Read more