The Motley Fools are living up to their names

A big Internet phenomenon during the glory days of the stock market in 1999 was the Motley Fool website. The irreverent site was started in 1997 by David and Tom Gardner, two 30-something brothers out to show just average folks that they could beat the investment professionals and the markets with simple investment strategies.  They touted stock picking as fun […]

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Refinancings spur a dangerous spending spree

The stock market is down, major corporations are slashing costs and employees, and yet consumers continue to spend, spend, spend.  How do they manage to keep going? Economists say much of the spending boom is due to a huge wave of mortgage refinancing.  Homeowners are taking advantage of a recent spurt in housing prices and lower interest rates to refinance […]

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