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A Picture Is Worth a Thousand Words

Here’s where we are today: A look from the past three months Oil price is falling Gas price is coming down (the latest spike is due to hurricane Ike) Gold is getting cheaper and cheaper And U.S. dollar is getting stronger and stronger Yet the stocks keep falling All because we still have companies like […]

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Fannie Mae and Freddie Mac Timeline

I have written about Freddie Mac (FRE) a few times recently after I purchased a small number of FRE shares in early July. The reason for making the purchase was that I thought the two companies, as government sponsored enterprises, are too big to fall. At one time, I thought I was wrong of owning […]

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Weekend Linkage – September 7, 2008

Site Problem I moved this site from Bluehost to Media Temple in early August, the site has been running very well. Those problems that I had with Bluehost never occurred again and the site didn’t have a single minute of down time. I am glad that I made the move. However, some issues at Media […]

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American Express TrueEarnings Card $25 Bonus

Are you using AMEX Costco TrueEarnings credit card? If you are not, here’s a chance to get the card and receive a $25 bonus. The bonus isn’t much, considering you are getting a new credit card and taking a hit on your credit score, though temporarily. Nonetheless, this is a quite nice card that I […]

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HSBC Weekend Card

By just looking at this credit card’s name, Weekend Card, one can pretty much figure out what it is: A credit card that is supposed to be used only on the weekend. Indeed that’s exactly what the HSBC Weekend Card is about: The card gives you 2% cash back when you charge the card on […]

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More Disturbing Facts on Banks

When the FDIC released its second quarter bank profile (PDF file) last week, the number of problem banks jumping from 90 a quarter ago to 117 isn’t the only fact that causes concerns. Digging a little deeper into the report, you will find there are plenty of facts on banks that are not pretty at […]

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Exceed Monthly Savings Account Withdrawal Limit

No, this is not for speeding, but for online transfers at my HSBC account. I got a letter from HSBC tonight dated last Thursday, August 24th. The letter says my savings account at HSBC has a limit of six “preauthorized, automatic, computer or telephone transfer” in any month, calendar or statement cycle month and I […]

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FDIC Problem Banks List Grew to 117 Last Quarter

When the Federal Deposit Insurance Corp. (FDIC) released its second quarter Quarterly Bank Profile yesterday, it didn’t have a lot of good news to offer. In fact, the news is pretty bad if you are concerned about the financial soundness of your bank. In the report, the FDIC says during the second quarter, the number […]

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