Profit from Penny Stocks. Learn from a millionaire who shares everything! Learn from Timothy Sykes.

02.11.08

Financial Armageddon 2008: Part II

Posted in All Categories, Bonds, Fraud, Personal Finance, Real Estate, Stocks at 7:32 pm by Michael Goode

Well, it looks like my thoughts on a big financial catastrophe this year were not simply the inane ravings of a lunatic. Nouriel Roubini thinks very similarly to me. While neither he nor I am sure that this will happen, it is a distinct possibility, and it is worth preparing for it.


2 Comments »

  1. Ellery said,

    March 6, 2008 at 12:49 pm

    Did Continental Fuels really purchase Geer Oil in TX? And if so, what was the real value of the purchase? Was the purchase just hype?

  2. michael said,

    March 6, 2008 at 1:02 pm

    Yes, it looks like they did. The problem with CFUL is not that they aren’t a real company, but that they lose money and that they diluted shareholders with a ton of shares (mostly in convertibles, so you have to dig to find the real share count).

Leave a Comment