Getting Ahead for the Little Guy
I saw this article, which has little to do with personal wealth (unless you are a banker, or a home-owner in Canada) but couldn’t resist weighing in on with my own personal philosophy. ‘Cuz I have, like, opinions ‘n stuff.
Due North: Canada’s Marvelous Mortgage and Banking System
There’s a lot that we folks south o’ the [...]
It’s funny – “in an egghead kinda way” my friend says…
Both FDR and Reagan inherited horrible economies that were, in almost all measurable terms, worse that what we’ve currently got, and FAR worse than what Obama complains that he’s inheriting. One of these presidents turned the economy around pretty much within his first year. Under the other president, it turned into the greatest depression in [...]
So I got stopped out, exited my positions for a couple of days after taking plenty of damage to my account. I’m back in. And heavily committed to being a bear. If this doesn’t work out, my wife may not let me trade anymore….
Unfortunately the market is driven by politics and manipulation pretty heavily right [...]
After seeing this article about how the taxpayers are unlikely to recoup our forced investment in GM and Chrysler, it makes me think.
Ever notice how it is the government that benevolently throws money around to “help,” yet it is the taxpayers who end up taking the losses?
I keep hearing people calling the recently-completed “Cash for Clunkers” program a win for the economy.
I call B.S.
Now that I have a name for the “Broken Window Fallacy,” I’m seeing it in a lot of places in the current economic climate. And this is a pretty classic case, at least on the face of it. [...]
To me, THIS makes sense. John Mackey of Whole Foods has it right.
THIS (albeit a flawed interpretation of the bill that’s been going around) does not.
The arrogance of the few who believe they can manage the extreme complexities of their constituents lives and livelihood better from up top their ivory tower than the people they [...]
Quote of the week material … except we’re seeing plenty of great quotes, and we’re not halfway into the week yet. This one on the banks and financial institutions in general from Options University’s weekly market forecast:
‘The [Financial sector is] where modern cheating can best be categorized as avant garde finance. We all know the [...]
Last night, I heard a statistic that almost 1 in 8 mortgages is currently in some level of default (late payment, etc) in the U.S. How is any lender supposed to survive that?
Well, one bank tried. I shall leave the name anonymous to protect the guilty, but a friend of mine was recently laid off [...]
So economic times get tight, and people are reluctant to buy new cars.
Our “Big Three” automakers rush to the government looking for handouts because they just can’t do business under this pressure.
What does Hyundai do? They figure out how to sell cars in adverse economic conditions:
I hope this pays off for them in spades. Free [...]