Complete Finance Blog

Trading as per the support and resistance levels may be quite useful for intraday and Positional trading in stocks and index. Resistance is termed as the level where the stock generally gets some opposite force before it can go further up. A support is the level where a stock get buying interest before it can fall further. Under the normal market conditions or in the absence of some extremely panic news the support and the resistance levels can act as good levels for initiating the buying / selling. In general it’s advisable to buy the stocks at support levels and sell at the resistance levels. I Read more…

Trading as per the support and resistance levels may be quite useful for intraday and Positional trading in stocks and index. Resistance is termed as the level where the stock generally gets some opposite force before it can go further up. A support is the level where a stock get buying interest before it can fall further. Under the normal market conditions or in the absence of some extremely panic news the support and the resistance levels can act as good levels for initiating the buying / selling. In general it’s advisable to buy the stocks at support levels and sell at the resistance levels. I Read more…

We show you that for brave customers energy is cheaper than it was two-and-a-half years ago, and remind you that waiting to switch costs you money.

Have gas and electricity prices really gone up? Is now the time to switch? After three price-rise announcements, including the latest increase from Scottish & Southern Energy, these are the questions I’m looking into today, with the help of my own database of energy prices going back to 2008.

Energy prices have come close to doubling over the past five years, even though wholesale prices (the price suppliers pay for the energy they sell on to us) are around a third lower than in 2008, according to Consumer Focus.

Consumer Focus is tirelessly supporting the consumer, and trying to get the regulator, OFGEM, to do something about a market that isn’t working. It referred to a Select Committee of MPs’ report, published this week, saying it “spelled out big flaws in energy”. Consumer Focus also reminded us of its open letter in December 2010, stating:

Unfortunately for customers, Consumer Focus – one of the few bodies that doesn’t mince words when campaigning for fair treatment for shoppers – is due to be axed to save costs. No cons

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This is right on the mark

His description of what Keynesians believe is correct. Its why Keynesians, including the President, thought that government spending would stimulate the economy. As Klein points out, Obama didnt just have a team of Keynesians. He had the Keynesian all-star team.

Right, but then Klein gets it wrong: The idea [behind Keynesian economics], in other words, is not about whether the government spends money better than individuals.

Yes it is! Obama and Klein think that during a recession, the financial system scares business and consumers so badly that they hoard money, which worsens the damage to the system. Therefore, the government must take money away from individuals, and spend it elsewhere. Eric Cantor correctly pointed out that the theory is: government can be counted on to spend more wisely than the people.

Part of the problem here is in nomenclature.  People dont think of saving as spending.  So I will shift a word a bit.  The idea of Keynesian economics is that the government can deploy your money better than individuals can.

The cause of the asset bubble for this argument is almost irrelevant.  Hous Read more…