Since I began my cancer treatment in 2019, my outside travel has been curtailed. Doctors, restaurants, and an occasional trip to visit family have been about it. The good news is now I have more energy and feel like getting out and doing fun stuff. I recently made a trip to our local Factory Outlet Mall. I used to enjoy […]
» Read moreI am increasingly frustrated, wading through my weekly reading stack. It is maddening! Despite the recent fed action, inflation is soaring, prices are out of control. The economy is slowing, the stock market is tanking. The long-predicted results of outrageous government and central bank policies are coming home to roost. The signs were clear, anyone with common sense could see […]
» Read moreIn 2010, The Huffington Post reported: “WASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke told a panel investigating the financial crisis that regulators must be ready to shutter the largest institutions if they threaten to bring down the financial system. ‘If the crisis has a single lesson, it is that the too-big-to-fail problem must be solved,’ Bernanke said Thursday while […]
» Read moreImagine a bank creating unlimited funds to lend, earning billions in fees and interest, with no worries about the borrower defaulting. It’s happening today – big time! This week’s reading stack began with a Wolf Street article, “Deep-Junk-Rated Carvana gets $4.5 Billion from New Investors, after Shares Collapsed by 79%….”. Despite regularly losing money and a deep junk bond rating, […]
» Read moreSince the 2008 bank bailouts, readers regularly ask, “what the hell is going on?” I’m not an economist, but I’ll try to explain things – and it isn’t pretty. A major plank in problem-solving is, “Look at the consequences of your decisions, don’t let your solutions cause bigger problems.” “You can choose to ignore reality; but you cannot ignore the […]
» Read moreAsset prices soaring to ridiculous levels, well beyond anything regarding true, intrinsic values creates a bubble. Eventually things come crashing down. Those holding overpriced assets lose a lot of money and the ripple effect can cause economic hardship to many others. Ozak Durmus tells us about “Tulipmania“: “Tulipmania was the first major financial bubble. It happened in Holland between 1636-1637. […]
» Read moreBest of Dennis… Dennis is tending to his health again but is on the mend and hopes to be back writing very soon. Here’s another article from almost exactly a year ago that I felt was relevant and worthy of a re-read. This article was originally posted on December 17, 2020. The Fed Doesn’t Have A Problem With Fake Money […]
» Read moreI published this article five years ago. Sadly, things seem to be getting worse. The message is even more important today. Those who think and act independently will always survive. Today is a real downer. We just finished a wonderful week with our youngest grandchildren. They’re now gone and the house is quiet. That’s not what is causing my mood, […]
» Read moreFriend Courtenay W. sent a cool email using a small business analogy to help explain today’s economic mess. I modified it, hoping to make things clear. Bob’s Big Wheel Bar is in Motor Home City, surrounded by several motorhome manufacturers. For decades, factory workers frequented Bob’s Big Wheel Bar, many cashing and spending their paychecks on Fridays. The 2008 bank […]
» Read moreLas Vegas – the gambling capital of the world. Nevada heavily regulates the casinos; requiring a certain percentage paid back to the gamblers. They pour billions into their posh establishments, enticing customers into their casinos and make huge profits – legally. If the public felt the casinos are rigged, they would lose customers, jobs, and billions in tax revenue. “‘There’s […]
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