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  • Who’s Who - Part 1 of ? - Hank Paulson!
    By austin on September 23rd, 2008 | 1 Comment1 Comment Comments

    This series of posts is about introducing to you some of the important names in our world. Not only are these people making [economic] history as we speak,  they are some of the brightest and most influential minds in the world. Lets find out if they are using their powers for good or evil… :) 

    Also, by knowing who these people are, what the organizations are for which they work, and what they are doing you can better understand the news that you see/hear. Ultimately, as usual, more understanding will distinguish you from the average investor/human being who could be clueless both as to what is going on and how to react.

    Without further ado, I present to you, Hank Paulson!!

    Henry Paulson - Secretary of the Treasury

    What is the Secretary of Treasury? - [bulletted for your easy consumption :D]

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  • What in the hell is happening with stocks right now?
    By austin on September 18th, 2008 | 3 Comments3 Comments Comments

    We are in some insane times right now. Downright insane. One could even [easily] argue that the behaviors on the trading floors the last couple days are literally insane. Your average “wall street dude” is depicted below…

    The latest news is that the United States government is considering a temporary ban short selling.

    In finance, short selling or “shorting” is the practice of selling a financial instrument the seller does not own, in the hope of repurchasing them later at a lower price.

    This is an extremely serious action that is far from the first and most likely far from the last government intervention that has been made into the economy. This action, apart from being extremely serious is also, again, insane for a couple of reasons.

    1. Short-selling is a normal investment strategy that is absolutely critical to how the free market operates. To summarize, the stock market depends on pressure from both the buying and selling side to find the ideal price for a particular stock. Banning shorts is like taking away one side of a game of tug-o-war… it just doesn’t make sense.

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  • Investing 101 - The only 2 reasons you’ll ever need.
    By austin on September 6th, 2008 | 2 Comments2 Comments Comments

    We are strong believers in investing here at E.M. We think it is an absolutely MUST-DO for differentiating yourself (in a good way) from the average American/human being, whose life is riddled with debt. That’s why occasionally, we’ll be giving you primers on investing concepts and why you should care.

    We will make sense of the basic concepts and contemporary news and try to keep it high level so you don’t have to be some sort of “financial lord voldermort” to understand it while still being able to make use of it in your everday life. Honestly, we go nuts for this shit, and here’s why:

    1. Investing will make you money – This may be the single most no-brainer thing I’ve ever said…but it is more than true. Investing, in any form should be a part of your financial life. If you are in debt, you should GET OUT of debt quickly, so you can start investing. A vast majority of America will spend the vast majority of their adult lives working for their precious dollars. Investing is the way that you can get that money to work for you. Investing is what will pay the down payments for your house(s). Investments are what you’ll cash in on to pay for your kid’s college education. Investments are what you’ll be living off of when you decide to finally stop working. Investing will bring that day closer. :)  Investing is what will get you that money to help you accomplish whatever selfish, selfless, philanthropically, or bizarre dreams you wish to fulfill in your lifetime.  Investing is important.

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