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Posts in category Economy

#OccupyMonday

#OccupyMonday

Occupy movement has taken to Mondays. Photo courtesy of salon.com The Occupy movement has decided to take on a new challenge: Mondays! Long the most despised day of the week of the 99%, the movement seeks real reform against the pain and terror this day brings. True to the social media revolution, the protests were […]

A New Modern Economic Theory

A New Modern Economic Theory

The system is broken. Obviously it has been broken for a long, long time, sustained by a series of patches and hotfixes throughout the years. The Great Depression, The Great Recession, and all the recessions in between. The good news is we are not the only one suffering. Free and centrally planned markets have always proven that […]

The circle of broke

The circle of broke

Anyone who remembers Disney’s The Lion King can understand the circle of life. Well now, I want to introduce you to the circle of broke, that subset of the circle of life that dictates how the poor stay poor. Flashback to November, 2008. My wife, a 5 year employee of a major employer, was laid […]

Bank of America now in the business o...

Bank of America now in the business of home invasions?!

Reading the Wall Street Journal today, an article on the 3rd page caught my eye. Apparently, Bank of America has gotten into the business of home invasions and parrot-napping (NY Daily News). Angela Iannelli, a 46 year old from the Pittsburgh area, came home to find her door padlocked, her house ransacked, and her 11-year […]

Is there anything worse than being br...

Is there anything worse than being broke?

Some people will say so. Most of them aren’t broke so, do their opinions really matter? I mean, I can look at the bright side, I have my family, my health, my house, etc. Ok, well, the health is questionable (large amounts of stress does that to people), stress in the family, and the consistent […]

Mix signals?

Mix signals?

Is it just me, or is the economy giving us mixed signals. The Dow Jones has recovered nearly 3000 points from it’s low, yet 84 banks have failed this year as of last week. That averages out to 2.5 bank failures per week. Ouch! There are still signs of things sinking, particularly in commercial real […]

Russians, clunkers, and hackers

Russians, clunkers, and hackers

Seems like Russia wants the world to know that it is supposedly back on top of its military game. The U.S. has been tracking two Russian submarines off the east coast of the U.S., hanging around in international waters. That’s comforting to know given that A) I don’t trust Russians and B) I live on […]

Sorry it’s been soooo long!

Sorry it’s been soooo long!

I’ve been slacking off here! Sorry I’ve been ignoring this site, but life has been busy. In-laws in town, redoing the backside of my house (unfortunately with little help), and dealing with life in general. And my god, so much has happened over these last couple of weeks. Michael Jackson dies, his mom aks for […]

Do our financial advisors always know...

Do our financial advisors always know best?

  It’s a good question. A couple of jobs back, I had an 401k account. They didn’t match, but they put 3% of my salary into my 401k, regardless of what I put in. So I put in 3%. As the times were good, I watched it grow. It was a measly amount, maybe $3500 […]

Difficulties of non-traditionals

Difficulties of non-traditionals

Some people may not realize this, but being a non-traditional college student may be one of the hardest experiences in someone’s life. And when I refer to non-traditional, I’m referring to that rare breed of student: independent, with a family, a mortgage, a full-time job. Actually, you need not to even include to full-time job. […]