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Looking into the abyss of the financial crisis, there is opportunity long-term. For now, we will have to become resilient and take cover as the economic headwinds gear up once again; for the greatest opportunities can only be revealed when you’re willing to look your greatest fears in the face and challenge them. You [...]
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But you have to learn to think!
Just read part of one a book on the financial crisis that is upon that will soon be out *Armstrong *will post link later… Simply illuminating….my take away is as follows (Many of these are paraphrased from Armstrong’s work)
This isn’t the “garden variety recession” Very few politicians are familiar [...]
ShareOne of my goals for writing is to bring you a new and different perspective on personal finance, housing and economics. Often times these viewpoints don’t come directly from me, but from other people I pay attention to. No one has all of the answers. I would encourage you to listen to people who [...]
ShareOne of my goals for writing is to bring you a new and different perspective on personal finance, housing and economics. Often times these viewpoints don’t come directly from me, but from other people I pay attention to. No one has all of the answers. I would encourage you to listen to people who [...]
ShareThe big debate now in the U.S. and Europe is whether to reign in spending to cut deficits versus continuing to spend heavily to promote economic growth. At some point the economy reaches an amount of debt where each marginal increase of debt has less and less of an effect on GDP. When this is [...]
ShareFor the longest time, I have attempted to warn about the dangerous level of debt in the system. What is often overlooked is not what is posted and obvious to the naked eye, but rather, what lies beneath the surface of it all, derivatives. Derivatives are simply bets about the success or failure of a [...]
ShareThis is a guest post by Mr Credit Card from www.askmrcreditcard.com. Today Mr Credit Card is going to share with us what we can learn from the financial crisis in Greece, why we need to be very concerned about the state of our federal government finances and what we can learn as individuals. Please check [...]
ShareThe following video The Money Fix, explains how money has become the central focus of almost every aspect of our life. Understanding the monetary system or simply “money” can make you conscious of the sort of relationships you may not even realize you’ve entered into.
ShareThe goal of this post is to educate and inform you. It’s not a political stance to blame existing or past administrations. If you approach things that way as an investor, you end up like a cat chasing it’s tail. One of the most common characteristics among the most successful investors is they [...]
ShareTwo of life’s biggest mysteries are love and money. I doubt you woke up this morning and asked yourself about the history of money. However, think about it; how much of your life and your time is spent in some way on love and money? How much do these two forces drive your thoughts and [...]
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Image by Getty Images via Daylife
Lately, you’ve heard of PIIGS? I’d imagine your next thought is what are these people referring to? No, it’s not that farm animal in your head. I typically write about personal finance topics. You know things like getting out of debt, how to plan for retirement, etc. However, in order [...]
ShareAs you know this week, I’ve been writing about insurance! As important as insurance is to the most basic personal finance concepts, it can become a tab bit dry from time to time. So, I wanted to take a break today and show you the current rate of unemployment and how it’s progressed through [...]
Share1. BACK TO WHERE IT WAS – The S&P 500 hit a 15 ½ month closing high on Tuesday 1/19/10. The stock index closed at 1150 on that day, the highest close for the S&P 500 since 10/01/08 when it closed at 1161. The S&P 500 is an unmanaged index of 500 widely held stocks [...]
ShareThere is no question that we are “smack dab” in the middle of one of the worst job markets ever statistically.
Everyday, we’re deluged with information about the unemployment rate rising, corporations planning layoffs, how things used to be before 2007, etc. All the while, the stock market is going up and we’re technically out of [...]
ShareWhen I posted that Central Banks and Investment Banks like Goldman Sachs would ultimately be the biggest buyers and profiters in the gold market, people had a good laugh. It’s no longer an opinion.
“This is unprecedented and is a fair reflection of the changed attitudes in the official sector towards gold and its role [...]
ShareThe following are my predictions for 2010. Of course these are just my predictions and by no means investment advice. For these predictions, I do not pretend to know the exact dates, I just believe they are coming. You should only use these as a means to do further research if you believe there is [...]
ShareQuite an interesting article on the debt problem in the U.S. As this article points out, when evaluating the debt burden, we have to consider the Federal, State and personal debt levels, not one or the other. Then we have the coming wave of entitlements that has to serve the baby boomers. The crash [...]
ShareTo consider politicians are going to tame debt In an election year? Or at all for that matter?
No one can spin the numbers to say that the current track we are on is not going to have an impact on our future. At some point debt simply becomes unsustainable or and can’t be paid back. [...]
ShareIs the recession over? I really wish I could say yes however; until there is a market improvement in unemployment, it’s a hard argue to make.
ShareHere we have Greece’s results from following the theory that unrestrained borrowing is the solution to a slower economy. How long before the U.S. has trouble convincing foreign entities to continue lending us money?
Greek lessons for UK debt
Greece’s collapse into a borrowing crisis this week has been swift. As Sarah Arnott reports, it is a [...]
ShareWith real estate sales down, payroll taxes taking a hit from unemployment, the result is less money for government spending and promises. The following has serious implications on unemployment.
“The governor said the state is going to run out of money this month, even after it taps its rainy day fund and borrows money from other [...]
ShareIn the midst of the economy being in shambles, unemployment rising and with the need for lower taxes, our government just keeps spending money we don’t have. Ultimately, this will end badly. When there is no one left to buy our debt, we will have to resort to quantitative easing, hence the printing of money. [...]
ShareWith foreclosures expected to reach record levels this year, we can expect a drag and eventual lag on the economy for 2010. The government intervention is not going to slow this process from happening. This is a cleansing process and needs to take place.
U.S. Foreclosures to Reach Record 3.9 Million in 2009 (Update1)
By Dan Levy
Dec. [...]
ShareOne of my other blogs is about gold and silver, The Gold and Silver Vault I had 2 requests to write about the gold market and the recent correction. So, while this is a little off topic for The Wise Buck, I want people to understand how important allocating a percentage of your investment portfolio [...]
ShareClick on the following to see the progression of unemployment in the U.S.
ShareThis is what happens on the other side of peak debt. (see article below) The amount of paper that has been issued (via government and corporate bonds. naked short selling, OTC derivatives, mortgage backed securitization, commercial debt, SIV’s, and every other alphabet soup concoction out there is unwinding. )
When you understand that the “assets” that [...]
ShareThere is no force on the planet that can stop the price of gold now. I realize that may sound somewhat simple; yet, when you understand the position of every major central bank, the consequences and what has already begun, you see where this is going – much higher for the price of gold and [...]
ShareOne of the benefits of being in the middle of a recession is that there are deals for consumers “everywhere.” But let’s consider why this is so, first.
One of the best ways to determine the health of any economy is to evalutate consumer behavior. An economy reacts to consumer behavior. When consumer spending habits slow [...]
ShareIn case you haven’t noticed, we’re living through an era of massive social change. What seemed to be a given 10-15 years ago, seems a distant memory today. Some of these things can be explained by studying cycles and history. In order to understand the future (the Big Picture) and prepare yourself for the changes [...]
ShareLets talk about gold. Ok, so what does gol’d’s recent price action mean? Instead of writing a long essay and article, I’m posting the Funnel of Liquidity. You can learn a lot from the picture below.
- think Credit Default Swaps – non-performing assets today
-Mortgage Backed Security Market (MBS) – currently frozen (illiquid)
-Stocks recent run has [...]
ShareToday we’re going to look at something a little different than the usual mainstream personal finance, like how to get out of debt. We’re going to look at the inflation versus deflation debate.
Jim Sinclair on the Inflation / Deflation Debate – This is an interesting argument and in my very humble opinion, it is [...]
ShareHere are the Top 10 vehicles purchased through the Cash for Clunkers program. This should be retitled ‘Stimulus for Japan thanks to the U.S. taxpayer.’
Top 10 vehicles bought by people trading clunkers
(AP)
As of Friday, car buyers in the U.S. had signed deals to trade in 358,851 clunkers for new vehicles, getting rebates of up to [...]
ShareI was trying to think of what to write for a “lead in” on this video clip. The idea is not to criticize Bernanke but to realize that the Federal Reserve’s #1 objective is to protect the bank’s interest. That is their mandate. Afterall, the Fed is owned by the largest banks. They [...]
ShareThe Key to a recovery in the general economy is still housing. As goes housing, so goes the economy. With that said, there can and will be periods of cyclical bounces, especially with the Federal Reserve’s policy of pushing liquidity to every corner of the banking complex.
What I want to talk about though is the [...]
ShareI just returned from 3 days in Miami Beach. Anyone who has been to Miami, knows that Miami Beach and the actual city of Miami are 2 different places. Going back to 1913 when the Collins Bridge was built, Miami Beach has always had its own look and feel.
Of particular interest for me [...]
ShareThis weekend I will be traveling to Miami Beach to get a first hand look at the Miami Beach Real Estate Market. As in most economies, Florida Real Estate is crucial to the greater Florida economy. In order to determine when we can expect a sustainable and broad rebound in the state’s [...]
2 Choices In Financial Crisis: Adapt And Thrive Or Get Left Behind.
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Whenever there is an monumental directional change in the financial markets such as the housing party stopping, the first thing society typically does is to look for someone or something to blame. So, it goes: It was the politicians fault for letting it happen, it was the bankers fault for leaving rates so low, it [...]
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