- Whoa Fonzie (not pictured), did you see that the dividend cuts are the fastest since the 1950's? “Until we start to see the economy turn around, you have to assume broadly that dividends could be at risk in many sectors of the economy, especially among financials,” said Fritz Meyer, the Denver-based senior market strategist at Invesco Aim Advisors Inc.
- And those were the Happy Days?
- President-elect Barack Obama has another economic press conference on Wednesday. Seems like the guy is on TV everyday, like a soap opera star or something. As the Economy Turns.
- More iPhone stuff? Downloaded the free game Jelly Car. Played it for a few minutes without reading the instructions. Didn't get very far. Seems kind of addicting, though.
- Plenty of buy signals from the Chart Pattern Trader.
- Mistress demand falling? (h/t Greg Mankiw). You know times are tough when the rich start cutting costs on their mistresses. According to a new survey by Prince & Assoc., more than 80% of multimillionaires who had extra-marital lovers planned to cut back on their gifts and allowances. Still, only 12% of the multimillionaire cheaters said they plan to give up on their lovers altogether for financial reasons.
- Or maybe they'll offshore those Jobs to Thailand.
- A Novel Way Around Smoking Bans. A smokers fee is paid at the door, so that the bar owner can pay the fine.
- I paid $1.99 for premium gasoline here in CA. Wow! Seems like it was close to $4.99 just a few months ago. That means more cash to go to the local Indian Casino with!
- Keynes' Open Letter to Roosevelt. Good read.
