Confidence, consumer style

It may seem strange but today’s report that consumer confidence hit an all-time low, as measured by the Conference Board, is actually a strong sign that the economy is recovering. How could I say such a preposterous thing? The answer is that generally consumers...

When it all breaks down

I know, I know, no postings for a week and then an explosion. Last minute Holiday shopping, people traveling, blizzards, appliance malfunctionings, etc. has prevented me from posting what has needed to be posted. But I didn’t stop paying attention or thinking or...

Re-fi hits hi-fi

Today CNN is reporting that a refinancing boom has swept the country. In my household we are considering approaching our mortgager to refinance our house. Are you doing the same in your household? The reason that this is relevant is that low interest rates are...

Little drummer boys

Happy Holidays Everyone! Since ’tis the season I thought I would lighten things up for the first time in a long while and make a post about amazing drummers whose playing I love and admire. Without further delay… Favorite drummers: Ginger Baker: The...

Wealth vs. income

OK, I thought I was done for the weekend, but each day for the last week as I log into my personal e-mail account there is a jackass story on MSN that I just have to comment on. The story is entitled, “Does $250,000 a year make you wealthy?” If you follow...

gObama, round II

Yesterday President-elect Barack Obama formally announced his plans to overhaul the regulatory structure of the financial industry: “…what I said during the campaign, I meant. We are going to have to greatly strengthen our regulatory apparatus.”...