bailout

In Los Angeles and other big cities many people get lost in the concrete jungle of urbanism.  In fact, hundreds of people die alone each year without any human contact with the outside universe.  It is as if they have disconnected from the actual grid of social interaction.  Every year a service in Los Angeles […]

Culver City is considered an upper-middle class city here in Los Angeles County.  For a very long time, it would seem that the West Los Angeles region was somehow immune to the rules and economic laws that impacted the entire country.  This is not the case.  It may have taken a longer time […]

I had to step back from the market the last few days.  Trying to follow it by the minute you sometimes lose the bigger perspective of what really is transpiring.  On Thursday for example, the market was heading for another major loss continuing a multi-day trend and it looked like we were going to test […]

While most people fixate on the $700 billion bailout there should be an intense focus on the other clandestine bailout that is occurring without Congressional approval.  The Federal Reserve has already lent out nearly $2 trillion in emergency loans to troubled institutions with little if any transparency.  Bloomberg News has recently requested the information be […]

The consumerist credit machine is coming to a grinding halt.  It is hard to wean yourself off an addiction that has persisted for decades, unchallenged and enabled by companies and financial engineering.  The idea of buying things with money you currently don’t have isn’t a new concept.  In Edward Bellamy’s novel Looking Backward the concept […]

The country has spoken and with a loud and convincing voice.  Change is demanded.  This historic moment in our history is appreciated on so many levels but once again, the market reminded us very quickly that things are not well on the global economic system.  President-elect Obama is going to have many challenges waiting for […]

The economy is once again in full delusional mode with consumer confidence earlier in the week hitting an all time record low and GDP contracting.  But guess what?  You wouldn’t know that by looking at the stock market.  The S & P 500 for the week is up 8% and there has been no good […]

The U.S. Government wants you to stay perpetually broke.  The lenders and banks want you to stay in the poor house.  Why?  Somewhere along the line the notion of saving money got perverted to the point that now people equate access to credit as actual money.  This psychological shift didn’t happen overnight but there is […]

Figuring out housing prices isn’t rocket science.  There is no need for a master’s degree in financial engineering to figure this out folks.  Even as the housing market continues its downward slump, we are still at overpriced levels.  Why?  Well historically, housing as an investment only tracks with the nation’s inflation rate.  That is until […]

The question that most Americans have on their mind about this historical government intervention is whether this program is ultimately going to work.  In short, no.  In this article I’m going to highlight 10 major reasons why this global intervention is nothing more than stitches on breaking economic flesh from preventing the world from going […]