Financial Vagabond

I’ve had this nagging in the back of my head saying something foul might be looming out in the near future.  Normally I don’t watch Bush on TV or listen to him on the radio as I can’t stand it.  That aside I watched and listened to his speech today.  It sounded good… all this [...]

I received an email from a friend and here is my response.  You ought to be able to decipher what the questions were about.  These are my opinions of the present situation, and are by no means recommendations.   —- 1) Voting for McCain… I really don’t think voting for A or B is going [...]

Black Monday? Really bad news, and I’m going to the store to get some consumer staples, and cash. If the banking system collapses then cash may not be good for anything. I don’t know if everything is going to crash in one day, but the next week is going to be very interesting. My blood [...]

What concerns me most is looking at the highly probable future outlook… The gov’t is looking to bail out the Freddie and Fannie (dependent upon congressional approval), which will help out new, but not existing home buyers. By adding their debt the gov’t is using our tax dollars and inflation adjusted dollars to secure them. [...]

I was originally going to write a post about how we always hear about the “New World Economy” prior to any boom / bust period.  This time I think the rules have finally changed as the United States is losing if it hasn’t already lost its status as the number one superpower, we are now [...]

I’m pissed to say the least…  First Bear Stearns and now the Macs.  Why do I as a taxpayer get the privilege of helping these overextended companies stay in business?  It is bad enough that the Fed keeps “printing” money, which keeps the interest rate low and provides liquidity to an illiquid financial industry.  Each time they [...]

A trillion dollars is for most of us an unfathomable amount of money. However, it seems that the IMF sees that large of a write down due to the unfolding credit crisis. For a more detailed account of what happened check out the book: I haven’t personally read it, but it is on its way. [...]