Submitted by Edward Harrison of the site Credit Writedowns. The chain of events whereby easy money leads to malinvestment that impoverishes a society is now fully manifest in the United States. You remember Victorville, CA where new homes were being demolished because it cost more to maintain them than to demolish them? (see post here) […]
Read more...Submitted by Edward Harrison of the site Credit Writedowns. You have to hand it to Marc Faber; he knows how to grab your attention. Earlier this year, I posted a video of him saying “don’t underestimate the power of printing money“, a quote that has become mantra for me. Basically, he believes a rising tide […]
Read more...This is too funny to leave to Links. Thanks to reader Doug: You actually need to click here to play the clip. Enjoy!
Read more...Enjoy!
Read more...Submitted by Edward Harrison of the site Credit Writedowns Now that everyone is talking about green shoots and the potential for economic recovery, I thought I would run through the statistics of U.S. GDP with you. The reason I am bringing this up is that there is a lot of confusion about what recovery means […]
Read more...Some comic relief. Enjoy! Hat tip reader John C:
Read more...Submitted by Leo Kolivakis, publisher of Pension Pulse. It’s Orthodox Easter so that means family, food and more food. I wanted to post something really funny that you might not have seen. By now, everyone in the world saw Susan Boyle’s amazing singing performance on Britain’s Got Talent show. If you have not seen it, […]
Read more...This was too cool to leave as a mere Antidote du Jour. Is this what geeks do for fun in New Zealand Wales? If the video plays in a herky-jerky fashion, try viewing it here. Enjoy!
Read more...Get a load of this (the subheadline):
Read more...For a change of pace, some black humor, courtesy reader Jon:
Read more...Note to regular readers: a variant of this post ran in early January. I recognize for most readers this is a distraction, for a minority, a curiousity, and for a very few, of possible interest for them or someone they know. So I ask you to indulge me here. I thought I would introduce a […]
Read more...Wish I’d written it. From Jesse: We believe that the stimulus is too backend loaded and unimaginative to affect anything sooner. Adding liquidity to the banks is as useful as filling the tank of a car wrapped around a telephone pole. Who are the banks going to lend to? And increased spending on health care, […]
Read more...Reader Tim C pointed us to a post on Tim Price’s blog, “The Price of Everything,” which provides astute financial and sometimes social commentary. Below is an excerpt: Dear Western banking establishment, I notice that your unauthorised credit facility from international lenders of last resort now totals approximately $10 trillion. As a taxpayer and therefore […]
Read more...In a departure from our usual programming (we are still in a slow news period), I thought I would introduce a real estate opportunity (yes this is an ad of sorts), an unusually large and well outfitted Manhattan furnished rental. The apartment in question is a glamorous, large furnished one bedroom (over 900 square feet, […]
Read more...The Wall Street Journal’s daily human interest story featured a holiday season tale of the Fuggerei, a Roman Catholic housing compound for the poor in Germany. The price of admission for those lucky enough to get in is yearly rent of one Rhein guilder, which equals 88 euro cents or $1.23, plus daily prayers for […]
Read more...