Bank of Ireland (IRE) effected a 1:10 reverse stock split on its ADR effective October 14, 2011. The ADR closed at $0.83 on Friday, October 14th. The stock will start trading at the reverse split price of $8.30 on Monday, Oct 17th. From Bank of Ireland Investor Relations site: The current ratio for Bank of …
Recently I came across an article titled “Buy, hold, regret” in the Buttonwood blog of The Economist. The main gist of the article was that the buy-and-hold theory does not work in all countries. From the article: IT IS a truth universally acknowledged that equities outperform over the long term, so that the best strategy …
Continue reading ‘Historic U.S. Asset Classes Return Over Different Periods’ »
Hello Readers All the issues with my site upgrade have been fixed and the site is now running fine. The site was down for more than a week as we ran into technical difficulties when upgrading to a Virtual Private Server (VPS). Pages are loading faster now and over the next few weeks you will …
Increasing taxes does not necessarily lead to higher income tax revenues for the Federal government according to a study by The Heritage Foundation: Source: 2011 Budget Chart Book, The Heritage Foundation
China and India are two of the largest emerging markets in the world. With rising middle-class and increasing wages, the countries are experiencing tremendous economic growth. However in terms of overall growth, India still lags behind China in most metrics. This is despite India being the world’s largest democracy and China being a communist state …
Continue reading ‘India Continues to Lag China in Economic Growth’ »