This is a good one.  New York’s state pension fund, which is most likely in terrible shape for a number of reasons, is planning to sue BP for loss of BP’s share price.  Ah yes, that makes perfect sense.  If you invest in a company and the company’s stock  loses value, why should you be forced to take a loss?  That’s not very fair is it?  Even if it is BP.
This is another example of a major trend in society today.  That trend is the elimination of risk.  Risk is …

Jim Gillespie, CEO of Coldwell Banker, recently told Yahoo! Tech Ticker that it is the absolute best time to buy a house! Let me guess, he also thought 2 months ago was the best time. And 6 months ago. And 1 year ago. And 2 years ago. Yes, and I imagine 3 months from now will also be the best time again. Come to think of it, it is ALWAYS the best time to buy a house! I think there are better people to interview than the Coldwell Banker CEO for analysis and commentary on housing, no?

Gold is such a fascinating part of this whole financial/economic game we find ourselves participating in. If you’re like me, you watch the markets, the economic news, etc. and gold is easily the #1 wildcard in the whole game.  Gold is very frustrating for the political and banking elite as it provides a barometer to reality, a decoding tool for people like you and me so that we can know what to believe.
This isn’t going to be a pitch where I’m trying to convince you of the merits to …

If you browse the 100′s of “how-to-blog” sites out there, it’s unlikely that you ever get any information or advice past the basics.  By basics I mean telling you to write frequently, comment on other blogs, write guest posts, etc. – you know, the basic common sense stuff.  This new series for bloggers is called Next Level Blogging; it is intended to help bloggers get to the next level.  It’s primarily for bloggers who are established and have a blog up and running with some decent traffic.  It’s geared to …

Hat tip to SHTFPlan for the graphic

Since early in 2009, I’ve held 100 shares of Philip Morris Int’l (PM). Early in 2010, I decided to start playing with options to supplement the dividend income that PM was generating. This post details these moves.

Sales of new homes plummeted in May following the ending of the tax credit for homebuyers. This drop is much, much worse than our stupid analysts projected. Not surprising.  The May numbers were the lowest on record since 1963.
So, if you’ve been following me here at 20smoney, you know I’m not surprised by this.  In fact, I have been saying this would happen all along.  The question remains whether the general public and the political elites will see these results and end government intervention to “fix” the economy …

With the Gulf oil spill continuing to dominate the talk of Americans, most of the blame has been put on BP.  Public blame could easily be put on Transocean (RIG) as well since they owned the rig that exploded back in April and led to this catastrophe. The way these things usually work out it seems is to focus on one culprit and attempt to kill off such an enemy.  This is definitely how this is playing out since we constantly hear about BP, the BP CEO, etc. rather than …