SubscribeLinks and Reading for November 14th
November 14, 2008 11:00 am
A few of the more important reading items and links for November 14th :
- Record Drop in Retail Sales – Retail sales numbers take an unprecedented dive amid market turmoil…how surprising!
- Whatever it Takes Fed Willing – Bernanke leaves the Fed open to more interest rate cuts and economic stimulus
- Citi to Cut More Jobs, Raise Rates on Its Plastic – Citigroup Inc., as part of its push to return to profitability, is embarking on another huge round of layoffs and is raising interest rates on millions of credit-card customers.
- Russia's financial crisis is getting worse – Yikes!
- Bogle Blasts the Fund Industry – Of course he is nothing of that type. He is the good guy…. Bah
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3 Responses to “Links and Reading for November 14th”
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Andrew, what do you or your readers think about a Russia play based on Obama ending or continuing missle defense in Poland? The Russia article you provided bases Russia’s rise and fall on Oil, but what do you guys/gals think about military tensions?
Russia has many more problems than missiles. Ruble devaluation and oil. Follow oil and that follow Russia
Don’t dismiss John Bogle out of hand. He’s a proponent of buy-and-hold, low-cost indexing, and for that he’s a lone voice of sanity. His gripe is that his innovation in indexed investing has spawned a slew of micro-indexed products that only exist as marketing gimmicks rather than portfolio diversifiers.