Biz Geek » Finance-Markets http://blog.hsetty.com Entrepreneurship, Business and Technology Thu, 15 Jul 2010 14:48:26 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Get $300 From American Express | Business Pundit http://blog.hsetty.com/2009/03/01/get-300-from-american-express-business-pundit/ http://blog.hsetty.com/2009/03/01/get-300-from-american-express-business-pundit/#comments Mon, 02 Mar 2009 01:20:53 +0000 hsetty http://blog.hsetty.com/?p=56 Get $300 From American Express … You Risky Bastard | Business Pundit.

American Express is basically trying to get people to pay off their credit card balances before they lose their jobs. Makes total sense. Put a carrot out there to get as many risky accounts to pay off their debt as possible so that when the impending credit default crisis finally rears its ugly head, American Express will have buffered its impact as much as possible.

]]> http://blog.hsetty.com/2009/03/01/get-300-from-american-express-business-pundit/feed/ 0 If we are Rome, Wall Street is our Coliseum – MarketWatch http://blog.hsetty.com/2007/08/28/if-we-are-rome-wall-street-is-our-coliseum-marketwatch/ http://blog.hsetty.com/2007/08/28/if-we-are-rome-wall-street-is-our-coliseum-marketwatch/#comments Wed, 29 Aug 2007 01:49:57 +0000 hsetty http://blog.hsetty.com/2007/08/28/if-we-are-rome-wall-street-is-our-coliseum-marketwatch/ If we are Rome, Wall Street is our Coliseum – MarketWatch

Great article! I agree there is lot of similarities with Rome and America today and this country lives in the present – without any respect for the future and lessons from the past. A trader friend of mine outlined a simple example – his bank does not really know what transactions have been created in the past. He was outlining an example where a heding strategy that might have been created 10 years ago expires next month and the bank has to bear the financial burder on that strategy that has long since been forgotten. The trader is then stuck with this on his current P&L statement.

]]> http://blog.hsetty.com/2007/08/28/if-we-are-rome-wall-street-is-our-coliseum-marketwatch/feed/ 0 YouTube – MARKET MELTDOWN http://blog.hsetty.com/2007/08/15/youtube-market-meltdown/ http://blog.hsetty.com/2007/08/15/youtube-market-meltdown/#comments Wed, 15 Aug 2007 11:59:02 +0000 hsetty http://blog.hsetty.com/2007/08/15/youtube-market-meltdown/ This guy is full of hot air most of the time but are we headed for another recession if the feds don’t act on it quickly? AHM has already declared bankruptcy and BSC has decreased 9% of its weekly peak. Cramer says the fed needs to reduce the interest rate by 1% but I think that would have negative ramification on the rest of the economy. The capitalist society we live in has fostered mortgages where people can’t afford to pay it anymore after the ARM expires. This is the fundamental problem – no so smart people are given interest only or ARM mortgages with big promises from the mortgage firms/brokers and they do not realize the full impact of taking it.

Anyway.. my two cents – I’m glad that my ARM expires in 2010.. I do have some time before its kicks in and hope to sell it by then.

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