Black Swan Event: Can This Economic Crisis be Worse than the Great Depression?
Black Swan events are said to be impossible events.  That is until they happen. The PBS News Hour has an interview with Nassim Nicholas Taleb, the famous economist who authored The Black Swan and his mentor Dr. Mandelbrot who is a professor of Mathematics who has done research on chaos theory.  It is a fascinating […]
Family Budget: How to go Broke on $100,000 a year. Why the Middle Class has a hard time Living in Expensive Urban Areas.
One of the challenges during this economic crisis is budgeting. As much as we hear about the housing collapse or the stock market seesawing like a playground, we rarely get a glimpse into the actual budget of real live Americans. Sure we know housing is expensive. We all intuitively knew that $147 a barrel oil […]
The Menace that is Deflation: 5 Specific Areas Where Deflation is Already Showing up.
Be very afraid of the “D” word now making the rounds in economic circles. Today the Federal Reserve hinted that we are now tipping into the prospect of deflation. This is very bad from their perspective. In fact, it is a horrifying prospect for the Federal Reserve since every action they have taken in this […]
TARP Readjustment: California, Florida, Nevada, and Arizona on a Financial Economic Island. Those Option ARM Loans Are Your Problem.
The morphing financial crisis has taken a major change today. Henry Paulson came out today announcing that the main component of the $700 billion bailout plan will no longer be the centerpiece. If you recall a few weeks ago with the highly unpopular bailout, the major contention was that much of the money would be […]