bank failure

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 […]

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 […]

Finding a dumpster for toxic assets just got easier when the tempest of financial distraction are keeping people focused on the shiny economic items of fear.  Remember that much of the uproar regarding the $700 billion TARP bailout plan was how the government was going to price toxic assets?  Which subsequently led to the demise […]

I know what you are thinking, “thank goodness for that $810 billion bailout!”  $10 trillion is the new million comrades.  As we blasted through the $10 trillion mark with our national debt, we have also managed to destroy $11 trillion in “wealth” in one year by simply looking at two measures, the residential U.S. real […]

What does getting punched at the gym, being forced to modify a large number of loans, and screwing over the American people have in common?  It is all just another day at a comfortable and secure mahogany desk job for Wall Street and our politicians.
While a large number of Americans fret over a full blown […]

You may recall that in the distant past (Monday) the House of Representatives voted in a decent margin to say no to the housing bailout bill.  So after a 777 point market smack down, economic fear mongering, and polling politicians found out that Americans don’t like the sound of the word “bailout.”  So from now […]

Instead of the House of Representatives sending in a nice sealed envelope a candy gram to Hank Paulson of $700 billion, they instead decided to listen to the people and did a reverse bailout wiping out $1.2 trillion in stock market wealth.  Go figure.  The House of Representatives actually listened to the massive uprising against […]

As I stopped by my local grocery store to shop I happened to notice that for a weekend, the number of people was extraordinarily low.  Recognizing the cashier I observed, “it really seems empty for a weekend.”  Her comment sums up the new feeling that many have.  “It feels like we are entering another like […]