Is figuring out what to buy your father for Christmas giving you a headache? If your father is anything like mine, he already owns the best of everything and buying him a Christmas gift that is thoughtful and personal proves to be incredibly difficult. Over the years I have learned a few tips that have [...]
‘Business’ News
How High Will Gas Prices Go: We Can Be Hopeful They May Be Slowing
Thursday, November 3rd, 2011Gas prices are going up. Few dispute that. The last time there was a similar surge in gas prices was in 2008. From June 2007 to June 2008, the average price of gas rose from $3.05 to $4.06 a gallon, Hicks said. During the same time period, the unemployment rate in Indiana rose from 4.5 [...]
The Bank Foreclosure Market Is Still Teetering
Wednesday, February 9th, 2011New foreclosures rose slightly compared with the prior year (2.19 million in December 2010, compared with 2.07 million in December 2009), says the LPS Mortgage Monitor report, which tracks a sample of 52.9 million loans across the country. Foreclosure Inventory Is Up What does this all mean? Overall, foreclosure inventory is up (3.8% of loans [...]
What Is Really Pushing Gas Prices: Supply Or Demand
Wednesday, February 9th, 2011“Oil has traded right around $90 a barrel since the start of the new year and it looks like it may stay at this price throughout February, assuming the situation in Egypt does not worsen and hinder transports on the Suez Canal,” AAA Auto Club South spokeswoman Jessica Brady said in a news release. “The [...]
Higher Demand For Ford (NYSE: F) Explorer Means More Jobs
Wednesday, February 9th, 2011Last week, Ford Motor (NYSE: F) said it would increase its first quarter 2011 production by 13%. The No.2 US car firm said, “The estimated increase of production on this year’s first quarter would involve the creation of about 555,000 vehicles. As a part of this, Ford is looking for the possibility of adding a [...]
Little Known Secret: SBA Lending Up 4th Quarter For BOA
Tuesday, February 8th, 2011In 2010, three of America’s largest banks—Bank of America (BAC), JPMorgan Chase (JPM), and Wells Fargo (WFC)—increased their lending to Main Street companies by 16 percent, or a combined $16.5 billion, after pledging to do more to help small businesses recover. All told, their small business loans totaled $117 billion last year. Wells Fargo was [...]
Silver Prices Are Unforseen: Who Would’ve Guessed
Tuesday, February 8th, 2011On Friday silver closed in complete backwardation on the Comex. Spot silver closed at $29.075/oz while FEB 2011 closed at $29.064/oz and DEC 2015 closed at $29.026/oz. I believe this is the first time in history that this has happened. Silver traded in backwardation between the spot price and futures contract up to one year [...]
Speaker John Boehner Approves Obama’s Handling Of Egypt Crisis
Tuesday, February 8th, 2011We continue to feel that the public is best served by seeing a more complete picture of the legislative process than what’s delivered by Congressionally-controlled cameras and will continue to work with Speaker Boehner and other leaders in the House in hope of one day gaining access on behalf of the media.In 1984, members of [...]
Mortgage Rates Are On The Watch List This Year
Monday, February 7th, 2011Today’s 30 year conforming mortgage rates and refinance rates are averaging 4.80 percent, an increase from last week’s average 30 year home loan rates and refinance rate of 4.77 percent. 15 year mortgages rates and refinancing mortgage rates are currently averaging 4.08 percent, down from last week when 15 year mortgage loan rates and refinance loan rates averaged 4.16 percent. Reduced Availability Of Credit Reduced availability of [...]
If We Bought More Gasoline Gas Prices Would Stabilize
Monday, February 7th, 2011What can we do? Well, two things: decrease oil consumption, preferably by a stiffer gasoline tax, and increase production, preferably by less hostile regulation. The Obama administration isn’t doing either. Instead, it’s touting a goal of 1 million plug-in electric hybrids by 2015. This is more public relations than policy. The goal is probably unrealistic; first-year [...]
