Monthly Archives: December 2008

A couple of weeks ago, I wrote about my personal opportunity philosophy borrowed and adapted from Napoleon Hill author of “Think and Grow Rich” and student of many of this century’s early success stories including Andrew Carnegie. Reading an article … Continue reading →

According to an article published on Bloomberg.com yesterday, the US national debt is now $10.7 trillion, up from $9.15 trillion just one year ago.  That’s a staggering increase of $1.55 trillion in just twelve months, meaning that the outflow from … Continue reading →

  While traveling last week, I picked up a copy of ‘The Wall Street Journal’ (Thursday, December 4, 2008).  While perusing through the paper, I noticed a few interesting headlines confirming to me my long held theory of “Change creates … Continue reading →

The price of a gallon of gas in July topped $4 on average nationally – today it’s about $2. (Source Fox News 11/21/2008)

At that same time, commodity prices were peaking, causing food costs to push to all time highs. As a result, the Federal Reserve quit cutting interest rates, fearing that further cuts would lead to even more inflation. (I define inflation as too much money chasing after a limited amount of goods and services causing prices to rise. When the Fed cuts interest rates, the money supply is ‘loosened’ which means there’s more of it out there, potentially leading to inflation) Continue reading →