It seems like such an easy question: how much is my house worth? The problem is that this is not an easy question – and that fact that that is a problem is the real problem. Let me explain…
A long time ago, when Tricky Dick Nixon was President of the United States, our country was [...]
Posts Tagged ‘housing’
How Much Is Your House Really Worth?
Posted in Economy, Government, Life, Thoughts, World Affairs, politics, tagged Bailout, banks, economic meltdown, housing, Real Estate on October 20, 2009 | Leave a Comment »
Underwater Mortgages – The Thing Is This: You Have To Pay
Posted in Economy, Government, Life, Thoughts, World Affairs, politics, tagged Deutsche Bank, housing, News, underwater mortgages on August 6, 2009 | 1 Comment »
So I’m having my cup of Joe this morning while I’m watching Morning Eeejit on TV, hoping to get at least a little real news, but finding only not-even-half-baked opinions about how Obama has ruined the economy and such. So I decide to see if there is any real news being reported on the Vapid [...]
What Is a Barrel of Oil Really Worth?
Posted in Economy, Government, Life, Thoughts, World Affairs, politics, tagged gold, housing, money, Oil on December 3, 2008 | 4 Comments »
Five months ago, the price of oil was over $147 a barrel. Today it is about $47 a barrel. How can that be? Did the intrinsic value of oil just evaporate? Is oil just not as useful as it used to be? Or is it that the U.S. dollar is now worth a lot more [...]
The End of a Bubble Based Economy
Posted in Economy, Government, Life, Thoughts, World Affairs, politics, tagged Depression, housing, stock market on August 16, 2008 | 5 Comments »
We can learn a lot from history, but, too often, we don’t pay attention to the lessons of the past. We are now in an economic position that parallels one of the most devastating economic events in the history of the U.S., the stock market crash of 1929 and the Great Depression that followed. Consider [...]