Disclosure: I had a Microsoft position which I unloaded at a slight profit due to the fact that I have lost complete faith in the current management of Microsoft. I was surfing the web and every now and then I like to check the website MSDN.Microsoft.com. I check it out because I write .NET code, (more…)
Chris wrote to me the following comment: Debt is the biggest issue facing us all. I found this video on YouTube which really opened my eyes to the importance of getting out of debt: http://www.youtube.com/watch?v=50bWUrKAbwU I am sure you will be as amazed as I was. Chris, sorry to disappoint you, but I was not (more…)
The market is oh so predictable… I kid you not. On April 6, 2009 I wrote the following email to Squawkbox Europe. Me I think this will last till around June before we start pulling back slowly with no major selloff. Just dribs and drabs as the market and economy begins to recover… So what (more…)
Bill commented (and I have had others say the same thing) this was not one of your better postings…I think you are missing the point about the debt-is-bad argument. I don’t think I am missing the point and I will explain my thinking. You see this “debt is bad” argument in my opinion is the (more…)
First up we have Nassim Taleb, who is crying wolf on how the government will fail us again. "The way to restart everything is restructuring, conversion of debt into equity, convince people that debt is not good," Taleb said. Gee Taleb, you are only 600 years late to the party! DEBT MAKES THE WORLD GO (more…)
It is interesting to see, but I think the Republicans might actually self-destruct. Remember that the Republican party was the result of the whig party self-destructing. Though the question is can the Republican party self-destruct? Sure it can, after all the Progressive Conservatives of Canada are no more, Conservatives of the UK are a shadow (more…)
I keep hearing on the argument of how inflation will come and haunt us. And how interest rates are going sky-high. And how we are doing things wrong and the economy is so bad. And if mortgage rates go above 5% then everything will break apart and people will stop getting mortgages. At leas that (more…)
The folks behind the new documentary Stock Shock: The Short Selling of the American Dream asked me to share the trailer with our readers. This would be an interesting movie for any of you who at some point owned shares in Sirius (SIRI) or XM (XMSR) Satalite Radio.
(trailer and more after the fold)
We received an email from Melissa Minkalis of the National Foundation for Credit Counseling (NFCC). They are offering a Free DVD about avoiding foreclosure.
I did not order the DVD or know much more about it. I did quickly verify that the NFCC is a legit organization and doesn’t seem to be simply harvesting contact info, etc.
(more info from the email we received after the fold)
I am critical of you, but kudos that you put things in perspective. The World’s Biggest Debtor Nations It starts off with the US and you go OMG… But then you move on and you think, “hey they have that much debt?” And what surprised me is that Switzerland (where I live) has 268% of (more…)
