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Foreclosure

September 27, 2010

It isn’t the prettiest word in the dictionary. Don’t skip this. You might become an evictee and I have an idea. It isn’t bad enough that people are losing their homes. The banks and mortgage companies are doing everything possible to make matters worse for their customers. In the process, they are stretching out this [...]

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Numbers

March 1, 2010

It isn’t even close to Halloween but this post should spook you. Why would I try to scare you? Can’t it wait until the end of October? No. I’m funny that way. Just saying the word economics causes most people’s eyes to glaze over. Actually finding out what is going on in the economy has [...]

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The Class War Is Lost

March 27, 2009

Did you even notice that there was a war going on? There has been a one-sided class war going on for decades. It is now over.  The elites won decisively. It’s really quite odd. Few of the poor and middle class realized it was happening. Most of the wealthy also were unaware of the war. [...]

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Don’t Get Your Hopes Up

March 16, 2009

Actually, hope is a good thing. It’s good psychologically. It’s even good for the economy. It’s just that a systemic, global meltdown isn’t ready to disappear quite so quickly. It has been said that expectations are the largest factor in determining the ups and downs of the economy. A little hope is giving us the [...]

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Upside Down

February 24, 2009

A commentary by a noted economist. Reactions to that commentary on the Sunday talk shows. At first glance it appeared that the world had, overnight, turned upside down. First impressions aren’t always accurate. There was South Carolina Senator Lindsey Graham (John McCain’s BFF) willing to consider nationalization of banks. New York Republican Congressman Peter King [...]

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Dig Deeper

October 4, 2008

Cheer up. You knew that you were the proud owner of the world’s largest insurance company. You may not have been able to afford insurance. Now, you may not be able to afford the insurance company. I bet you thought $85 billion dollars was a lot of money. It bought you 80 percent ownership in [...]

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Christmas on Wall Street

September 25, 2008

Have you heard some rumors using a figure of $700 billion? You didn’t forget Fannie and Freddie and Bear Stearns and AIG did you? That was somewhere in the neighborhood of $315 billion, even before the other number started getting all of the attention. So, let’s just round all of this off at a trillion [...]

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Not Your Daddy’s Oldsmobile

September 19, 2008

No. This isn’t a cut-and-paste from Car and Driver magazine. This is really about change in that strange and illogical world of economics. Oh well. I guess I just scared everyone off. Come on now. This is not only important but by reading this you will be several steps ahead of all of those professional [...]

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Company First

September 18, 2008

Back around the first of this past August I had a post dealing with another aspect of the problem I am now addressing. In that post I discussed political tools. I also referred to them as isms. Here I will term them ideologies. It makes no difference. Tools. Isms. Ideologies. They are all the same. [...]

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