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Here is a quick rant so prepare yourself… And here is exactly why stock markets are so backwards. The news… “The Commerce Department said housing starts jumped 22.2 percent to an annual rate of 583,000 units last month from 477,000 units in January. It was the biggest percentage rise since January 1990 and the first gain since April.” “But compared [...] “Value” A word with many meanings. With our current economic situation I have been thinking about this one word a lot… What is Value? After much contemplation over the word value I have determined it to mean this: Something has value if it fulfills a need in the most worthwhile way possible for all parties. Now let me expand… We all [...] With a new year, and a new President, many people in the U.S. are making prognostications about the future of the economy. People are asking many questions… How long will this recession last? Have we hit bottom yet? Will house prices recover? Will the stock market recover? Is now a good time to buy? How much higher will the unemployment rate go? Etc, [...] There once lived a little grasshopper in a green meadow. All day long he went chirping and jumping around to his heart’s content. One day, along came an ant with a load full of corn that he was carrying to his nest. “Why not come and chat with me”, said the grasshopper, “instead of toiling the way [...] It’s the economy, stupid! This was the famous campaign slogan that helped put Clinton into office in 1992. If you believe in exit polls and all the other polls out there the economy became the number one issue for the election that put Obama in office. Amazingly similar the times are to 1992. This is your guide to [...] By Brad Holland, NY Times I just came upon a great article by Warren Buffet in the NY Times entitled, “Buy American, I Am”. Besides that fact that he is more or less a hero and icon in the financial world, he is also one of the world’s greatest modern philanthropists. He is certainly my hero. His article [...] |
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