The picture, if one could take one of the economic situation in not just the U.S. but the world, is just plain UGLY. Governments are printing like mad. The euro was printed by 96 billion and inserted into the European markets yesterday, and this morning the fed is printing $19 billion to buy up some […]
The collapse of the 40 year old bridge spanning the narrow Mississippi at Minneapolis is a tragedy. Can lessons be learned from that untimely collapse? I think so. Just north of the wreckage is a concrete bridge of probably twice the age of the collapsed one. Further up river is a stone railroad bridge which […]
By far, the overwhelming majority or airplane crashes and resulting deaths are caused by pilot error. When one flies in a commercial airline, your life is in the hands of that pilot. True, the plane could mal-function, and the guidance systems could also fail. A control tower error could send two planes plummeting towards each […]
The In light of the latest un-constitutional “Executive Order,” I may not write much longer! The headline of the order says it all. “Executive Order: Blocking Property of Certain Persons Who Threaten Stabilization Efforts in Iraq.” It says that anyone committing an act or even threatening the “peace and stability of Iraq.” (That was before […]
The housing thing is still collapsing full blast. 926,000 foreclosures in first half of this year, 12 major mortgage brokers gone, plus hundreds of others. I have a client who works for the absolute biggest mortgage outfit in America, Countrywide, and she says it is a zoo. All levels are going into foreclosure, not just […]
Tuesday afternoon, after hours, the phone rang, and an 82 year old man said that someone had told him to call me. He is very wealthy, and has gobs of money in CD/s and actual cash on hand. At least he says so, and he does talk like it. He was a successful businessman, and […]
As a kid, I always loved to play Monopoly. It’s great game for kids to learn, as it teaches basic economics very nicely. I used to play a lot with my cousin Keith, and we used a term when we had to mortgage properties to pay off our opponent. It was, (said it with glee […]
“Well, look how low it’s gone. I’m scared it will go down further.” Or, “Jeez, it’s just sitting there, isn’t it?” For crying out loud, don’t be ridiculous! Exactly one year ago one year back, to the day I am writing this, gold was $607, and silver $11.36. Now silver is $13.80, which means that even […]
The mark of intelligence is the ability to change one’s mind if facts demand it. I think I am intelligent, and what I am about to write, will outrage a lot of you, but I have given this a lot of thought, and as a result believe it to be true. Is the dollar a […]
Ok Guys, I defy you to tell me, “What is a dollar?” You can’t define it? It’s sort of like trying to define a circular stairway without using your hands, I guess. Maybe a dictionary will help? Webster’s New World Dictionary 3rd College Ed. says the dollar is: “The basic monetary unit of the U.S., […]