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...
The truth is Jason not only loves his iPhone but he really loves the fact that there is now a Property Tracker application to run on it. Longtime listeners have heard of Property Tracker before. It is Empowered Investor Network’s software of choice for small to medium...
The "fatal conceit" is an idea coined by Friedrich Hayek. It simply means that central planners working for the government tend to miraculously consider themselves free from sin and error. Nowhere is this more evident than in watching the present gang of do-gooders...
Buying real estate for investment purposes can seem like a big chunk of information to digest if you look at it all at once. Let’s break it down into more manageable bites. The simplest part is Stage 1. During this time your primary focus is to stock up on debt. You...
Jason likes to close the monthly Creating Wealth in Today’s Economy seminar with a poem called The Reluctant Investor’s Lament. It was written in 1977, but still packs a wallop of powerful thoughts. Below is an abridged version for your reading pleasure. “I hesitate...
