Helicopter Bernanke has reneged and joined the crowd. The presses were running overnight all around the world, including America. Trillions of yen, bucks, euros et al have been printed and “injected” as they like to call it, into the world’s economies. What could have been a real market action, has now been turned into just […]
70% of the world’s toys are made in China, and 80% of U.S. toys are made in China. The Chinese don’t give a good damn. They refuse to follow directions, formulas, and instructions. They are out to glom as many bucks as they can without their bad habits being discovered. When they are discovered, guess […]
Briefly, what has happened is due to greed and carelessness. It starts at the bottom, with real estate sales persons wanting to sell, and inept, poor, exaggerating, lying, bad credit rated, maybe unemployed or making poor wages, would be buyers, wanting a home. The sales person, wanting to make a sale, probably bribes an appraiser […]
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 […]