Month: April 2015
Remember the dot-com bubble? If so, you’ll appreciate this notable event: The Nasdaq Composite Index, which includes a fair number of technology stocks, transcended its previous high (set in March 2000). Share values in the tech sector gained 4 percent last week as major players in the space delivered better-than-expected earnings results. The performance of…
It’s a topsy-turvy world. In the United States, during the last quarter of 2014, about 7 million (13 percent) of all mortgaged residential properties were underwater, meaning the mortgage loan amount was at least 25 percent higher than the estimated market value of the residential property. That’s a significantly lower number than the 12.8 million…
How much is 1 trillion? If you waited 1 trillion seconds, it would take 31,688 years. If you had a trillion dollars and spent $10 million a day, it would take 273 years to go broke. If you taped $100 bills end to end, you could wrap the earth 41 times with $1 trillion. Alternatively,…
The global economy performed a bit like a Rube Goldberg contraption during the first quarter of 2015, although it’s doubtful many countries found humor as economic, financial and political events across the world triggered other economic, financial and political events. Europe Heads into Deflation “The whiff of deflation is everywhere,” reported The Economist early in…
Missouri’s 2015 earthquake survey shows more than 80 percent of residents in seismic zone lack earthquake insurance [From the Missouri Department of Insurance] A magnitude 3.6 earthquake that struck southeast Missouri Wednesday night illustrates the need for earthquake insurance coverage, even as the market for it continues to contract, raising concerns about affordability and accessibility….