Cold War Again!

I was just reading an article on Yahoo that some of you would like to read.  When I was reading this article I was thinking here we go again.  Another cold war between America and Russia.  The only difference here is that we just might end up fighting them.  Russia is promising to attack Poland because they agreed to host a 10 U.S. interceptor missiles just 115 miles from Russia.  This would be right in Russia’s back yard, and Russia isn’t happy about it.  Russia is making a lot of mistakes lately by promising to attack country’s that are part of NATO.  And because of that ties between NATO and Russia have been put on hold.  Russia needs to stand down on Georgia and get out of the country.  Things would be much better if Russia would only comply with NATO.

Tags: Cold War, NATO, Russia, United States

Fannie Mae And Freddie Mac!

Well Fannie Mae and Freddie Mac are in the news again today. Which is one of the reasons for the Dow Jones going up and down through out the day. Wall Street is wondering if the government-chartered companies are going to need a bailout by Treasury Department. Which in turn would clear out shareholders equity. And the other reason is the price of oil is coming back down. Right now the price of oil is around $113 a barrel. We’ll see if it can hold or go below that mark by day’s end.

Tags: Fannie Mae, Freddie Mac

Crude Oil Up!

Well, another bad day on Wall Street. Which was mostly caused by the rising inflation and the weaker U.S. Dollar.  The price of oil per barrel went up $1.66 to end at $114.53.  And the U.S. Dollar got a little weaker compared to the Euro.  Although it’s been a rough start to this week I feel things will level out towards the end.  And hopefully the price of oil will get back in the habit of going down.  The recent drop of oil is already starting to show signs of it the pumps.  A gallon of gas was at $4.11 and is coming down to $3.73.  I feel that by years end the gallon of gas will be under $3.00, you’ll see.

Tags: Oil Prices, Wall Street

Target Profits Down!

I was a little surprise to read that Target Corp’s profit was down by almost 8 percent for this quarter. Discount stores usually fair well in hard times like we’re in. The only thing that could have caused this is people are only purchasing necessities. Necessities profit mark up is very low, and in some cases no profit is made. Discount stores like Target and Wal-Mart use necessities to get you in the store. And once your in the store you also pickup other more profitable products. Anyway, they still turned a profit when others are reporting loses. Wal-Mart on the other hand did very well with a 17 percent increase for this quarter. Target will also have an increase once they start discounting a little more.

Tags: Economy, Target, Wal-Mart