Monthly Archives: August 2010

For over a year now, I’ve been making the case that the US economy is in for a ‘double dip recession’ with the second dip likely worse than the first. While the jury is still completely out, more evidence surfaced … Continue reading →

I’ve been saying this for months. At the end of the day, the financial health of many US States would compare to the financial health of Greece and other European Union countries having financial troubles. I may have been optimistic … Continue reading →

In my opinion yes. Based on what I’ve seen in the past couple of weeks, stock investors may need to beware. While markets rarely go straight up or straight down, I believe the evidence suggests that over the next few … Continue reading →

Have you heard of “buy and bail”? It’s the latest real estate scam. This published on Bloomberg last week. (http://www.bloomberg.com/news/2010-08-10/-buy-and-bail-homeowners-get-past-mortgage-hurdles-from-fannie-freddie.html): Harvey Collier, a mortgage broker in Fort Lauderdale, Florida, says he gets as many as 10 calls a month from … Continue reading →

I read with great interest an opinion piece written by Laurence Kotlikoff last week and published on Bloomberg on August 10, 2010. Here’s an excerpt: (http://www.bloomberg.com/news/2010-08-11/u-s-is-bankrupt-and-we-don-t-even-know-commentary-by-laurence-kotlikoff.html) Last month, the International Monetary Fund released its annual review of U.S. economic policy. … Continue reading →