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Today’s News Items

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Here is a round-up of some of the stories in the news today. I’ll add more as I find them.

* Interest-only loans caused a wave of foreclosures in the Great Depression, and today’s are even riskier.
* There are more millionaires now than there have ever been. It’s not such the exclusive club it used to be. Much of the increase of wealth is due to stock market gains.
* Google‘s [GOOG] stock price is approaching $300 and analysts still think there is room for more gain. There’s talk about the stock being included in the S&P 500 Index.
* Warren Buffett is buying utilities. Are you? I’m not.

Updated February 6, 2012 and originally published May 25, 2005. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

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About the author

Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .