Is Burying Your Cash The Answer?
Fear and loss of confidence in our economic future due to over leverage can be seen in many areas. There have been many stories lately about individuals attempting to secure their future by burying cash in their [...]
Rampant Corruption Symbol Of Empire’s Decline
Illinois Governor A National Disgrace The latest example of horrendous corruption in government was the arrest of Illinois Gov. Rod Blagojevich. Among the many charges brought against him by Federal prosecutors was that the Governor was attempting [...]
Items Of Interest
Life Insurers Seek TARP Funds But Pay Little In Tax Several of the biggest U.S. life-insurance companies are seeking a piece of the taxpayer-funded $700 billion federal bailout program, but pay little in income taxes themselves, securities [...]
Long Term Housing Stability Based On Strong Borrowers
When will the housing market improve? That seems to be the question of the day so I offer some observations. When you hear that financing is hard to get for a home mortgage, what you are really [...]
A World Of Zero Interest Rates
We have arrived at 0 interest rates and the reasons we are at this point are all negative indicators for where we are and where we are heading. Theodore Ake, head of U.S. Treasury trading at Mizuho [...]
Similar Chart? Similar Ending?
Every bubble in history required easy credit, for without that credit buyers could not buy. As prices rise, more buyers enter, fueled on by easy credit and increasing prices – a positive feedback loop. What happens when [...]
What The Fed Is Up Against
A chart is worth a thousand written words. As we behold this chart of debt growth in the US, we need to ask ourselves: Has any trend similar to this in history ever been able to continue [...]
California Ignores Growing Fiscal Crisis
California’s budget crisis is growing worse as its shortfall for its current fiscal year has increased to an estimated $14.8 billion from a previously estimated $11.2 billion, Gov. Arnold Schwarzenegger said on Wednesday. During a press conference [...]
Bank of America Receives Day’s Hall of Shame Award
BofA to Offer Loans to Illinois Factory Bank of America Corp. said it will provide a “limited amount” of additional loans to an Illinois door-and-window factory, just a day after sit-in protests escalated into an intense labor-relations [...]
