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20 August 2011
9 August 2011
Your kids and grand kids have plenty of time to take care of it. 24 July 2008
Using that infallible maxim as our guide, it appears that Fannie Mae and Freddy Mac, the nation’s two primary engines of housing inflation, are on the brink of collapse. Last week I heard on a TV news broadcast the following remark from an unnamed official, “Fannie Mae is financially strong.” That’s a simple statement of fact, that if it were true, would never have been made. The big mortgage GSE must surely be in trouble. My suspicion was confirmed when I saw this from Helicopter Ben Bernanke’s second day of testimony before Congress, “The GSEs are adequately capitalized. . . . → Read More: Don’t Believe Anything Until It’s Officially Denied 11 October 2007
Much of Costa Rica’s appeal for Americans is that living expenses here are supposedly a lot lower than in the U.S. When our income ended after the top of the real estate bubble in 2005, we moved here thinking we’d save a bundle. While it is true that some things are less expensive, fresh produce or the services of a plumber or gardener, for instance, many things are actually more expensive. Additionally, we live in the suburbs of a big city here, where the cost of living is higher than it is in the countryside. Rice and beans . . . → Read More: Re-introducing the Ends 22 August 2007
Fed interference in the markets appears on the surface to benefit everyone. A bailout is a bailout, right? That’s not how it works in reality, however. There are always bettors on both sides of the bet. The Fed’s last intervention, at the last possible moment before index options expired, hammered those who were betting the markets would fall. You have to wonder if those who were bailed out got to take a nice fat options position the night before. And how much they "donated" to political candidates last season. MORE HERE>>>>>>>> “Bernanke Put” Slammed Holders . . . → Read More: Even Bailouts Have Winners and Losers |
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