Sharper Image out of Focus in Current Economy
Sharper Image, the high end uber gadget seller, recently filed for bankruptcy under Chapter 11. Another sign that the times are now changing as reported by the New York Times:
Credit Nation: The Back Breaking Debt Problem in the United States.
With so much talk about the credit crisis you would think that many people would realize that not all credit is good for you. So what is the reaction of our central bank leaders? They decide to extend more liquidity to banks but the only problem is the majority of the population is already maxed […]
The Housing Mindset: Investing in the Habits for Success and Facing a Tough Economy.
Having a wealthy mindset does not mean that you have to be living in Pollyanna. If you selectively choose to only read positive information and shelve the negative, you will fail to miss the point of a holistic and diverse investing mindset. Wise investors realize that money can be made in up and down markets. […]
$20 Trillion in Housing Wealth at Risk: The Potential Fall of the U.S. Housing Market.
Current estimates put American residential wealth at $20.66 billion. This is an incredibly large number and that is why even the relatively small percentage decline in prices last year has put the entire economy at risk. According to the Case-Shiller Index which tracks 20 metropolitan areas in the United States, the index is now down […]