Entertainment Podium

Warren Buffet unperturbed by Recession

Even as recession is taking its toll on the common man, the stock market geek-Warren Buffet is making plans to increase his personal stake in American stocks. Buffet claims that he believes in his ideology and it works, “be fearful when others are greedy, and greedy when others are fearful.”, as told to New York Times. His buying spree has so far cost him about $28 Billion out of which $3 Billion is an investment in stocks of General Electric Co. How does he do it? How does he splurge in Billions while you are counting Twenties that could make or break your day. The reason is simple enough, while you were young, buying more clothes,cars, beer, diamonds for your so-called girlfriend, Buffet was busy buying stocks!! He started out early and turned a failing textile business into a $180 billion holding company. So, take a cue from Buffet, Start early and make long term investments when you still can, maybe its you who i’ll write about during the next recession.

Tags: recession, stocks, Warren Buffet

Now a $1 Trillion dollar bailout plan

European countries, with a special mention about Germany and Spain, are injecting a trillion dollars worth of money into the financial sector. Markets responded sharply to this admirable news as most indices worldwide, recorded at the least, a 10% increase. This rally in the stock market is foreseen by a few optimistic traders as the beginning of the end of the ubiquitous economic crisis. But analysts say that the mayhem is not yet over; in fact the worst is not yet behind us.

The Bush administration plans to inject $250 billion into major banks. These major steps aimed at culling  the global markets from remaining in a recession, analysts foresee, are just a means of doing something rather than nothing. Things would be even worse if these were not done. It is inevitable that the recession will continue, albeit with less vigor and vehemence, thanks to the trillion dollar bailout plan!

By the way, a Trillion has 12 zeros

Tags: $1 trillion, $250 billion, $250 billion injection, recession, trillion dollar, trillion dollar bailout, trillion dollar bailout plan