What an absolute circus this GSE garbage is. Our leaders are putting on the charade of “brainstorming” to determine what to do about Freddie / Fannie and the entire mortgage market which is essentially completely owned by the government.  Freddie & Fannie are nothing without the government – they are implicitly a part of the government.  The only reason it’s not explicit is because our stupid politicians don’t want the trillions of mortgage debt to be added to the official U.S. debt because then they’d have to explain why …

As I mentioned in a previous post on launching a website with a three man team, I recently launched another website.  This time (as mentioned) it was with a couple partners.  Now, I’d like to formally announce the website and allow all of you to check it out.
The new website is called Saturday Down South.

What is Saturday Down South (SDS)?
SDS is a website dedicated to college football, specifically the South Eastern Conference (SEC) – hence the title, Saturday Down South.
The website is setup like a blog and runs on WordPress.  …

As I continue to overwhelm you with pessimistic economic insight, the WSJ had a recent article that was interesting on the baby boomers and their retirement picture.  The article paints the picture where policymakers of course always encourage saving for retirement, but the problem is that the baby boomers whose spending has fueled economic growth for decades are cutting back severely as they plan to enter retirement.
The cut back on spending is huge and is a must for most baby boomers if they wish to be able to actually retire.  …

I try to explain sometimes how we can have both inflation and deflation… here’s a great comment from a ZH article that explains it well:  “Japan has been suffering from this phenomenon for over 20 years.  Tokyo and Osaka are the two most expensive cities in the world to live in, while their housing and stock prices have collapsed during that time.  We call it deflation, because its the only word we have for it.  But asset deflation coupled with a rising overall level of …

There’s no shortage of “Doom & Gloom” articles and columns around the internet. I read a lot of them. Frankly, since I know I lean towards these articles since it is the argument that I think has more credibility than the alternative green shoots article.

If you currently have a long-only portfolio, you seriously need to consider hedging your long positions.  This doesn’t mean you need to get crazy shorting stocks, but the macro environment is such that hedging your positions to some extent is very important.
With the Federal Reserve’s recent move to re-start quantitative easing, it signals a massive failure of the last couple years to kickstart the economy back to a “growing” economy.  Couple that with other recent statements like “unusual uncertainty” and it’s definitely evident that the powers that be are struggling …

There is no easy way to wealth unless you’re inheriting it or you happy to win a 1 in a billion lottery ticket. For the rest of us, we can forget about any get rich quick program. They simply don’t exist. Anybody telling you otherwise is an idiot.
There are some requirements to adding to your net worth.  They typically are the following:

Sacrifice
Hard Work
Planning

It often takes a great deal of sacrifice to build your wealth.  This sacrifice can take many forms.  For example, those of you who hold …

Lots of news articles are hitting the mainstream regarding the failed policies of the government and the Fed to rally nip this recession in the bud.  This is very interesting and a much different tone from what we’ve seen for much of the last year.
Here are some examples:

Are we headed for another lost decade?
Is a crash coming?  10 reasons why it might be

Furthermore, it seems like some frustrations are coming to the surface in some of the Fed defenders on television as they attempt to explain why we need MORE …