Has the Middle Class experiment ended? was it temporary? From the roaring ’80’s until the 1930’s wealth grew and the bottom fell out of the world economy. Starting in the mid 1930’s laws, wars, and rules and regulations changed the … Continue reading
Whether the corruption is the leadership at banks and other financial instituions which led to our latest depression or the writing of derivatives on bad loans (as currently reported yesterday in NYT) or the racist police force in Ferguson, we … Continue reading
taken from Kass’ comments on realmoneypro today: And margin debt — the straw that stirs the market’s drink — reached another high in October of $413 billion (+3% month over month after rising 5% in September). In fact, margin debt is approaching the … Continue reading
I thought I’d say a few things about investing/trading. Let’s learn away from the microphone hogging, playground bullies, changing the rules, and NOISE! Political opinion aside, some economic principles DO exist. National debt is NOT the same as household debt. … Continue reading
A tell-tale sign of “long ago”=company X buys stadium, multiple signage etc Yes, it always meant the stock and company were headed down, usually spiraling. Now? CEO is on TV and writing editorials about a Presidential candidate or a political/partisan … Continue reading
SAN FRANCISCO (MarketWatch) — Golden years? Not for an increasing number of older Americans who are losing their homes to foreclosure. One of the hardest hit groups: Those aged 75 and older, according to a report by AARP based on … Continue reading
I could hardly believe my ears! Politico just reported on CNBC, that Romney wants USA to go over the “economic cliff”. Would rather have Depression and Crisis than to co-operate with Democrats or Obama, according to Manuu Raju, Politico,Political Congressional … Continue reading
TV’s version of unemployment and debt: More taxes for those making over $500,00=class warfare Cutting services for Medicare, Medicaid and Social Security=/= age warfare Same people who think it is not fair to tax high income, thinks it is ok … Continue reading
A day away from Cleveland Clinic is a good day, although I drive there Thursday and will return over the weekend. Another MRI this morning, so I’m still a little stoned. Portfolio holding up nicely. As far as I can … Continue reading