Posts under ‘Economy’

In an earlier post I laid out how my distrust of conspiracy theories is being severely challenged by our government and what appears to be a naked power grab. I am loath to continue in this vein for fear of being labeled the nut job who writes about Area 51 and Men in Black. But [...]

I am not, by any stretch, a conspiracy person. I think the probability of a conspiracy succeeding is inversely tied to the number of people involved. That makes me especially dubious of government conspiracies. The bottom line for me is this: people are smart, groups are dumb. If you want to understand something just follow [...]

David Shafer is a frequent commenter over on BloodhoundBlog and his insights often make me think. We do not always agree, but I always listen to what he has to say. He recently posted an interesting and (typically) well written article entitled Credit Default Swaps; The real financial WMD. You can imagine from the title [...]

Although this post discusses the election in general, it is not meant to instigate a general discussion of the election. It is… a non-political post on politics.
In talking to various people about the upcoming presidential election and their preferences, I was stuck by an odd response I kept hearing - in various forms - [...]

With a little over a week to go in this election, we can finally all come together in agreement on one issue.  Whether you are voting for McCain: the logical vote, or voting for Obama: the emotional vote, or voting third party: the non-viable vote (unfortunately) - one thing has become clear.  The mainstream press [...]

I just finished writing a comment regarding the mortgage meltdown which led to the credit crisis which has caused a real estate recession (don’t you just love our fondness for allegorical alliteration!)  We were playing the blame game over on a post I wrote regarding The Gang of Three and how Wachovia’s current misfortunes may [...]

Wachovia board members have forced CEO Ken Thompson to retire  and Realtors should be popping champagne corks all over the nation.  Why?  Because Wachovia is the final reckoning of the Gang of Three and this may very well signal the bottom of the market.  Disclaimer #1: I usually write posts and comments backed by statistics.  Barry Cunningham will attest to [...]

The Fed went ahead and lowered the overnight rate another half point today.  Hard to imagine this being a good move in the long run.  I commented last week about the possible inflationary pressures of this decision and I was going to comment again today regarding their decision.  But there is no need when you [...]

There is a great scene toward the end of the movie Animal House.  The Deltas have decided to wreak havoc on the Faber College Homecoming parade.  The grandstand has been destroyed, floats are running amok, people are fleeing for their very lives and there is chaos in the streets.  One of the ROTC members who [...]

I ran into a former coach of mine at the gym this morning.  He was a mentor of sorts to me and had a big impact on my life during my formative years.  He knows that I am involved with the real estate and mortgage industry and brought up the 60 Minutes piece that aired [...]