Archive for July, 2011
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Tuesday, July 12th, 2011My friend, Kirk Kinder, over at Swim UpStream to Wealth posted this excellent video interview with economist Steve Keen. Good stuff… I do think Professor Keen was too easy on the politicians, who created the incentive for banks to do what they did. Other than that, I can’t disagree with anything else he says.
Robert Bridges: A Home Is a Lousy Investment
Monday, July 11th, 2011If you have the time, read Robert Bridges’ A Home Is a Lousy Investment. I always like numbers so this illustration was interesting to me: Between 1980 and 2010, the value of a median-price, single-family house in California rose by an average of 3.6% per year—to $296,820 from $99,550, according to data from the California [...]
Interesting Report on Family Income
Monday, July 11th, 2011A friend of mine sent me a link to this article on family income: The Great Recession May Be Over, but American Families Are Working Harder than Ever Nutshell: family incomes are only up because people are working more hours.
Brett Arends: The Next, Worse Financial Crisis
Friday, July 8th, 2011Brett Arends has written an interesting article titled The Next, Worse Financial Crisis. I can’t say I follow Brett’s logic in his first point, which is: 1. We are learning the wrong lessons from the last one. Was the housing bubble really caused by Fannie Mae, Freddie Mac, the Community Reinvestment Act, Barney Frank, Bill [...]
How About a Harry Dent ETF? I’ll Pass.
Wednesday, July 6th, 2011How about an EFT based on Harry Dent’s strategy? It’s been around since 2009 but has had poor returns and a 1.5% management fee (not included trading commissions). I think I’ll pass.
WSJ: How the Current Recovery Measures Up
Tuesday, July 5th, 2011There was an interesting article about the U.S. recovery in today’s WSJ. Included with the article was a section that showed several graphs comparing this recovery with recoveries of the past. Bottom line: this recovery stinks. I’ll sumarize the graphs for you: According to the article, the recovery began in June 2009, when the recession [...]
Happy Independence Day!
Monday, July 4th, 2011I want to wish everyone a safe and happy 4th of July! As much as I gripe about this country, I’m still very thankful to live here.
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