Archive for February, 2009

Silver Lining in Downturn? »

The silver lining amongst all this pain is the exposure of fraudulent money managers.  People like Madoff, Stanford, and the two most recent potential prison inductees, Paul Greenwood and Stephen Walsh are being revealed, as the downturn does not allow them to hide their criminal behavior.
For two decades, Paul Greenwood and Stephen Walsh looked like [...]

Housing Bill…Stabilizing Prices? »

No.  Feel free to read the rest, but I have no doubt this analysis is dead on.
This bill will not even come close to stabilizing housing prices.  Oh, it may cause prices to plateau for a month or two, or make declines over the next few months very minor, but this is a band-aid for [...]

The Fall of Dubai »

 
 
 
 
 
 
 
This wasn’t that hard to predict.
 
With Dubai’s economy in free fall, newspapers have reported that more than 3,000 cars sit abandoned in the parking lot at the Dubai Airport, left by fleeing, debt-ridden foreigners (who could in fact be imprisoned if they failed to pay their bills). Some are said to have maxed-out credit cards [...]

Greed is Good? »

We have lost our way.  We used to pick out massive goals for our country.  We wanted to become the land of the free and we did it by defeating the greatest empire in the world at that time.  We decided we couldn’t bear enslaving our fellow man any longer, so we stopped.  Though, it [...]