We don’t mean to scare you – well, actually we do. The words above were spoken by President Obama at a recent press conference. Ouch. Does that mean the U.S. economy is a car with a bone dry gasoline tank still rolling slightly from 233 years of inertia? Maybe. A...
Last year, politicians in Maryland could not figure out how to balance the state budget. As most good public servants do, they thought, “Instead of making tough choices for the amount of money we have, let’s squeeze the wealthy for more because they don’t really...
Here’s a scary little number that recently surfaced. Government social spending and public sector jobs accounted for 26% of the U.S. personal income in April. That’s more than ONE QUARTER of all personal income generated in this great (but rapidly deteriorating)...
We swear we don’t have a crystal ball hidden beneath Jason’s desk. It only seems that way. While recently perusing a list of America’s Most Affordable Places to Live, we couldn’t help but notice we already own property there and have been recommending it for years to...
Unless you’ve been living in an ice cave north of the Arctic Circle, you’ve probably been at least somewhat aware there was a fund manager by the name of Bernie Madoff who recently bilked investors to the tune of 65 billion dollars. Some say “only” 20 billion in...
Let’s have one more blog devoted to good old Bernie Madoff. We’re talking about the Wall Street schemer who bilked investors out of tens of billions of dollars with his history-making Ponzi Scheme. So where’s Bernie going to set up shop in prison? What’s life going to...
Former NASDQ chairman, Bernie Madoff, will be spending the next 150 years in prison. Since he’s 71 right now, that means he’ll be a free man once again at age 221. Nobody’s feeling too sorry for The Ponzi King right now though. Even his sons refuse to talk to him. The...
Karl Denninger, Market Ticker, Jun 24, 2009 You have to love Goldman Sachs: [Goldman to make record bonus payout -Guardian 21 Jun 2009] "...Goldman Sachs staff can look forward to the biggest bonus payouts in the firm's 140-year history after a spectacular first half...
It’s no secret identity theft is a booming business. This can have serious impact on you as an income property owner. It’s hard enough to find quality tenants without having to worry about whether they are actually who they say they are. I mean, what better way for...
Just read a funny analogy about the myth of a US housing market. It went something like this. Coming up with a national housing number is like a weatherman who combines weather conditions in Nome, Alaska and Key West, Florida to arrive at a national average...
