Archive for January, 2010
« Previous Entries Next Entries »Economists’ Views on Interest Rates, Housing Bubble (from WSJ Survey)
Wednesday, January 13th, 2010Here’s something interesting to add to our discussion from the other day: Economists’ Views on Interest Rates, Housing Bubble All the statements are interesting but here are a three that really stood out to me, starting with the first one by Laurence Ball, John Hopkins Professor: “If only mortgage lenders had insisted on documentation of [...]
Sometimes I Say Stuff That Makes Sense…
Tuesday, January 12th, 2010I received an email this afternoon from a fellow blogger. He was looking at some old posts on his blog and came across a comment I had left on this particular post: PS – The “if I don’t buy it now, I’ll pay more later,” syndrome is a warning sign of a bubble. Just make [...]
Question of the Day – Should Banks Have to Pay a ‘Bailout Fee’?
Tuesday, January 12th, 2010Interesting article in today’s WSJ: Banks Brace for Bailout Fee I think it’s funny, actually. The government wants to impose a fee on banks in order to help pay back the American taxpayer for the costs of TARP. Where does the government think this fee is going to come from? Do they think it is [...]
GIVEAWAY! Five Copies of David Bach’s “Start Over, Finish Rich”
Monday, January 11th, 2010I’m excited to be able to giveaway five copies of David Bach’s latest book, Start Over, Finish Rich: 10 Steps to Get You Back on Track in 2010*, which came out just a few weeks ago. This is a short little book that offers up an action plan for starting over after the credit crisis [...]
David Bach’s Thoughts on ‘Strategic Default’
Monday, January 11th, 2010I received a copy of David Bach’s short-but-sweet book, Start Over, Finish Rich: 10 Steps to Get You Back on Track in 2010*, in the mail a couple of weeks ago. I’m nearly finished with the book and came across this passage that I want to share with you on Bach’s thoughts on strategic default, [...]
Prudential’s Misleading Math
Sunday, January 10th, 2010Tell me if you see something wrong with this slide from a Prudential video for an annuity feature they are offering: Source: RetirementRedZone.com Correct me if I’m wrong but if $100,000 grows 200%, it’s worth $300,000: $100,000 x (1 + 2) = $300,000 Remember, the formula for future value is Present value times one plus [...]
Question of the Day – The Financial Crisis Inquiry Commission
Sunday, January 10th, 2010I read in this weekend’s WSJ that there is a Financial Crisis Inquiry Commission that is responsible for figuring out WHAT caused the most recent financial crisis. So, here’s today’s Question of the Day… What would you tell them were the causes of the crisis? Here are a few I can think of: 1. Interest [...]
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