I found this via Financial Armageddon.
I had a master’s degree. I had a job. But to feed my three children, I had to swallow my pride and go to a soup kitchen.
I could segue into some political rant here, a slick dismissal of the Bush administration, perhaps, or a paragraph declaring my support for [...]
Looks like investors are angry after their stock market hits a losing streak, the largest in 18 years. Some say its because of fears that the ruling coalition might collapse but I suspect its something else.
So how do you take out your anger after market collapses and your life savings vanish?
Pakistan stock investors threw [...]
I hear this type of conversation amongst my struggling friends as well.
Heat or food? Gas or electricity? Medicine or mortgage payments? What to give up? What to cut back? The conversations were everywhere. In the supermarket, I heard one man tell another: “When I was a kid, you woke up, went into the bathroom, and [...]
You have to love Jim Rogers and the interviews he gives Bloomberg. He’s a wise man that comes across as a cranky at times but we should listen carefully to what he has to say.
“I don’t know where these guys get the audacity to take our money, taxpayer money, and buy stock in Fannie [...]
I knew the debt level of Fannie Mae and Freddie Mac was high but I didn’t realize it was that high. Fannie and Freddie both sit on $5 trillion dollars of debt, with about $979 billion of that debt owned foreign countries, especially Asian countries. You better believe that the US Government is [...]
The largest blow up of a bank happened last week and fingers are being pointed in Washington. It seems that the blame game is rather fierce in DC these days, with fingers pointed to speculators for high oil prices, Alan Greenspan for creating the Real Estate Bubble, and Ben Bernanke for creating massive inflation. [...]
Say what you want about Robert Kiyosaki, the author of Rich Dad, Poor Dad, but he’s a smart man. I could help but laugh when I read this line from an interview with The Street.com (emphasis mine):
“I haven’t been this bullish in years,” says Kiyosaki. “What a buying opportunity. … The stock market goes [...]
