If you’re out of work, it’s likely you’re looking for a job and it’s difficult.  It’s difficult because you are trying to sell something that people don’t need.  For example, if you have been a loan processor, you send our resume stressing your experience as a loan processor.  But if no one needs any loan [...]

I saw a story on CNBC about this couple who had all of their $1.6 million in investments with Bernard Madoff.  They are now penniless and blaming the US government for lack of oversight and pleading for the government to restore their losses.  After all, they claimed, we are not rich people.
Hey wait a minute [...]

Markets over shoot themselves in both directions to too high and too low.  You have seen the dot-com boom and bust in 2001and you have seen the housing bubble form 2000 to 2006 and then bust.  Now you see the financial crisis which, just as home values went beyond the price where people could buy, will [...]

This financial crisis will not have your portfolio or 401k bounce back in a couple years.  This is a permanent transition to a lower standard of living for America,s.  Our government has been borrowing money for years to keepit afloat (China now holds 10% of US debt) as have individuals been borrowing against their home [...]

America, supposedly the best run capitalist economy on the planet has been upstaged by the Chinese.  America’s expected growth rate next year is 0%. China’s expected growth rate is 8%. America’s answer to our economic woes:  let’s give money to bankers who lack basic business competence- i.e. the banker’s who lent money to people for [...]

If you started eating a lot more at each meal and then added a 4th meal and 5th meal, you would soon weigh 300 pounds.  And even if you stopped over eating and maintained your weight at 300 pounds, you would be at a sever risk of heart disease, arteriosclerosis, diabetes, kidney problems and a [...]

For the last 20 years, the securities industry has considered fees over commissions to be the savior of its cyclical business.  The fee based advisors we talk to tell us that their income will be down 50% this year–most of that is due to a 40% decline in the value of client portfolios and the [...]

With respect to the financial crisis, the word of blame seems to be “greed.”  The people on Wall Street were greedy and that’s how we got into this mess.
No doubt people were greedy. There were even people who were dishonest.  I am sure that plenty of mortgage brokers misrepresented terms of the loan to uneducated [...]