Wednesday, June 10, 2009
Thursday, May 28, 2009
Wednesday, May 27, 2009
Saturday, April 04, 2009
Friday, April 03, 2009
Wednesday, April 01, 2009
Tuesday, March 31, 2009
Wednesday, March 25, 2009
Op-Ed Contributor - Dear A.I.G., I Quit! - NYTimes.com
The kind of people they need to fix the mess have no incentive to do so.
Op-Ed Contributor - Dear A.I.G., I Quit! - NYTimes.com
Op-Ed Contributor - Dear A.I.G., I Quit! - NYTimes.com
Tuesday, March 24, 2009
Wednesday, March 18, 2009
National Debt Hits Record $11 Trillion
"The National Debt stood at $10.6-trillon on the day Barack Obama took office. But if his budget projections are accurate, he’ll run up nearly as much government debt in four years as President Bush did in eight."
National Debt Hits Record $11 Trillion:
National Debt Hits Record $11 Trillion:
Friday, March 13, 2009
Jim Cramer Get the Jon Stewart Treatment
Cramer (and CNBC) get called out for giving some of the worst financial advice ever.
The Daily Show Full Episode | Thursday Mar 12 2009 | Comedy Central
The Daily Show Full Episode | Thursday Mar 12 2009 | Comedy Central
Monday, March 09, 2009
Friday, March 06, 2009
Saturday, February 21, 2009
Obama Subsidizes the Wrong People
The Obama mortgage bailout plan is a subsidy to all the wrong people, a continuance of the economically errant past, and generally expensive and nonsensical.
President Obama needs to say that a big part of the reason the housing market in the U.S. is so screwed up is that government has for decades been using housing as a misguided social engineering experiment. There is a lethally romanticized vision of home ownership in this country, one that says that right after flag and country, comes a 2,200 square-foot house with a yard.
Opinion: Obama Subsidizes the Wrong People
President Obama needs to say that a big part of the reason the housing market in the U.S. is so screwed up is that government has for decades been using housing as a misguided social engineering experiment. There is a lethally romanticized vision of home ownership in this country, one that says that right after flag and country, comes a 2,200 square-foot house with a yard.
Opinion: Obama Subsidizes the Wrong People
Friday, February 20, 2009
Santelli's Tea Party
CNBC's Rick Santelli and the traders on the floor of the CBOE express outrage over the notion they may have to pay their neighbor's mortgage, particularly if they bought far more house than they could actually afford.
Video - CNBC.com
Video - CNBC.com
Southern California Housing Report
The Southern California housing situation is deteriorating even further with the recent report showing that the median price is now back to $250,000; at this level we would have to go back to February of 2002 which means we have erased 6 years of price gains. And we are not far from 2000 price levels. The median price of a Southern California home on January of 2000 was $209,000.
Median SoCal Price
February 2002: $246,000
March 2007: $505,000
[5 years and 1 month to reach peak from $250,000]
July 2007: $505,000
January 2009: $250,000
[1 year and 6 months to lose 5 years of gains]
FULL STORY
Median SoCal Price
February 2002: $246,000
March 2007: $505,000
[5 years and 1 month to reach peak from $250,000]
July 2007: $505,000
January 2009: $250,000
[1 year and 6 months to lose 5 years of gains]
FULL STORY
Thursday, February 12, 2009
Wednesday, February 11, 2009
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