Economy

Ron Paul Gets No Respect

Written by on July 15, 2007 in Economy with 1 Comment

I get more hits on my site for the term “Ron Paul” than any other by 5X.  Strange for a financial website – maybe not since money and politics are so interrelated.  If you don’t believe me just look at the amount of wealth that was destroyed by the “bone-headed” move the Canadian government made in November.  By […]

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DOW 13000 – Whoo Hooo!

Written by on April 28, 2007 in Economy, Investing with 0 Comments

In spite of all of the big hoopla, the DOW simply isn’t what it used to be. Source:  Peter Schiff Despite its recent eclipse of 13,000 the Dow now buys 30% fewer euros than it did then back in 2000 when it was priced at approximately 11,500. It also buys 35% fewer gallons of milk, 40% fewer bushels […]

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Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab

Written by on April 24, 2007 in Economy, Energy with 1 Comment

I paid 55 bucks to fill up my car this weekend.  That’s only going to cover 3/4 of a tank soon.  Looks like it is time to bulk up on Oil Company stocks.  That will more than cover the increased gas expenses. April 23 (Bloomberg) — Whether it’s $50 to fill up your Prius or […]

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The Federal Reserve Monopoly over Money

Written by on April 12, 2007 in Economy with 1 Comment

Source: Ron Paul’s Texas Straight Talk April 9, 2007 Recently I had the opportunity to question Federal Reserve Chairman Ben Bernanke when he appeared before the congressional Joint Economic committee. The topic that morning was the state of the American economy, and many of my colleagues raised questions about how the Fed might better “regulate” […]

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Subprime Mortgage Problem Contained? Give Me a Break!

Written by on April 3, 2007 in Absolute Must Reads, Economy, Real Estate with 1 Comment
Subprime Mortgage Problem Contained? Give Me a Break!

I think that some heads are going to roll when Fed Chairman Ben Bernanke and Treasury Secretary Henry Paulson are forced to admit that the subprime mortgage problem is not contained.  In my previous professional life, I worked as a sales person for a software company.  We as sales people were often referred to as […]

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Who’s To Blame For the Housing Mess?

Written by on March 22, 2007 in Economy with 0 Comments

It’s all over the news subprime lenders are imploding left and right.  The net result is tighter lending standards that eliminates many new buyers and affects the trade-up market.  What happened to the good old days when a person with a $60K job could afford a $600K McMansion?  Obviously there is plenty of blame to spread […]

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Ron Paul – Monetary Policy is Critically Important

Written by on February 23, 2007 in Economy with 0 Comments

Ron Paul is one of the few in Congress that really “gets it.”  He has filed to run for the Presidency in 2008, but has been really quiet since filing.  I wish that he would pick up the pace, because he is one who could make a difference. Source: Texas Straight Talk February 19,  2007  […]

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Subprime Lenders Starting to Explode

Written by on February 8, 2007 in Economy, Real Estate with 0 Comments

During the housing boom, many banks devised “creative” loans allowing people to borrow money with no down payment and pay low interest rates for the first few years on adjustable mortgages. Now, as interest rates reset higher, more borrowers are missing payments stressing the lender’s books.  Remember this article from a month ago – Subprime Lenders Gone Too […]

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