>PCWorld.com – First Look: Apple’s Dazzling iPod Nano

>Ok, I know, this is supposed to be a blog about finances…..but I couldn’t resist. The new IPOD Nano is incredibly cool, smaller than a business card and the width of a pencil, plus it has a color screen that displays pictures – oh, and it plays music, podcasts, books, and even games. For those business minded people who are looking to buy an MP3 player but want to use it as a write off…..this might be your best bet(see, I did get some finance related stuff in here), the IPOD NANO stores all your contacts & appointments and syncs with Oulook – now you have a business excuse to buy this cool gadget, though check with your accountant before writing it off!!

The article link below comes with a picture, it is dazzling – I am buying today (if i can find one in the stores) in the color black!

PCWorld.com – First Look: Apple’s Dazzling iPod Nano


>Alaska’s $223 million "Bridge to Nowhere"

>I read this story with a deep sickness in my stomach, did Congress think they could hide this? Did Rep. Donald Young think that he was bringing home a prize to his Alaskan constituency? This my friends is government waste at its worst and it is sick.

We are now spending about $1 billion per day to provide relief and rebuilding to New Orleans – perhaps Alaska could forgo their pork windfall and instead allow it to go to Americans who will actually use it for something useful.

Perhaps we should all take a look at the last few bills that have passed in congress for pork – there is lots of it – then ask each individual state who recieved it to forgo it. I am under no impression that this will happen, after all we can just pass another supplemental spending bill and print/borrow another $50 or $100 billion. A billion here, a billion there – pretty soon it all adds up to real money! All those bridges to nowhere should not be built, instead lets spend some money building a bridge to somewhere……I don’t know, say Lousianna and maybe Alabama?

Bloomberg.com: U.S.


>Telegraph | Money | Forbes predicts oil will drop to $35 within a year

>Let’s keep politics out of this – I agree with Forbes in this article. I don’t believe oil prices are high because of long term supply and demand problems. I see oil prices falling as well. Of course, my predictive abilities have been proven to be not that great, however I think this article brings at least some balance to the debate on oil prices.

Telegraph | Money | Forbes predicts oil will drop to $35 within a year

Scott Dauenhauer, CFP, MSFP


>Inverted yield curve points to a weaker Fed, not a recession – Jul. 14, 2005

>What the heck is an INVERTED YIELD CURVE? For those sports enthuiasts it isn’t a new pitch in baseball. An inverted yield curve refers to a point in time where long term interest rates are lower than short term interest rates. Why is this important to you? Read the article an find out! Actually, you don’t have to read the article, that is what you pay me for, but you will be hearing a lot more about this in the coming months. It seems that we are entering into a period where we get to have our cake and eat it to – low interest rates to finance our long term mortgages and high short term interest rates to invest our money…….of course, it may not all be good. I’ll be keeping my eye on this.

Inverted yield curve points to a weaker Fed, not a recession – Jul. 14, 2005

Scott Dauenhauer, CFP, MSFP


>PIMCO Bonds – Everything You Need to Know About Bonds


You pay me to know this stuff, but I know that many of you would like to better understand investing and this is a good article on bonds. PIMCO is a leader in bond fund management and has put together a primer on understanding them (bonds that is). Enjoy!

PIMCO Bonds – Everything You Need to Know About Bonds

Scott Dauenhauer, CFP, MSFP


>Equity Is Altering Spending Habits and View of Debt – Los Angeles Times

>An interesting article highlighting the differences between generations and the “new” way of thinking about real estate. The one thing I take from this article is that is SOUNDS awfully similar to lots of articles I read in 1998, 1999, & early 2000 about growth and technology stocks.

I’ve said that I don’t think there is a national bubble, but there are pockets of unsustainable price increases. If Americans believe the way this article suggests than a bubble may be on the way.

Just for the record, I do not agree with the “new” way of thinking this article talks about. I tend to like the earlier generations way of thinking – pay off your house and avoid debt when possible.

Equity Is Altering Spending Habits and View of Debt – Los Angeles Times



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