Good Riddance 2009

By mwilson | Jan 4, 2010

Last year saw a lot of ups and downs. We started off watching the car industry with some disgust, questioning the culture of mediocrity that allowed the situation to spiral out of control. We say: Too big to fall? Too big to exist. Get on top of your credit and take control of your life. [...]

The East Wants In

By mwilson | Nov 11, 2009

photo credit: ccwen7 Trying to identify the exact point where you’ve peaked and begun to decline is easy in hindsight but impossible while you’re living it. There is a lot of talk about the end of the recession, but the actual recovery seems to differ from region to region. Kind of like peak oil, it [...]

Wells Fargo Sues Itself

By mwilson | Jul 14, 2009

photo credit: Krawiec @ USA – NJ It’s another head shaker straight out of Florida as “Wells Fargo Bank NA” sues “Wells Fargo Bank NA” for outstanding liens against properties involved in foreclosure. In what sounds like the most idiotic chain of events, the bank has hired an attorney to defend itself from, well, itself. [...]

Reverting to a Cash Society

By mwilson | May 19, 2009

photo credit: TheTruthAbout… A lot of interesting things have happened in the past several months as people from all walks of life learn how to stretch their money. A lot of changes have been accelerated by the fuel shocks during the summer of 2008; in a lot of ways we seem to be reverting to [...]

The Credit History Mystery

By mwilson | Jan 23, 2009

Even though poor credit management is in large part responsible for the melt down we are currently trying to deny, the average North American is woefully ignorant of what it means to have a “credit history”. People generally know that when they apply for a credit card or loan, the banks somehow check their credit [...]

Tar Sands Will Never Replace Mideast Oil

By mwilson | Jan 21, 2009

There is a great myth that as the cost of pumping oil out of the middle east increases with declining supply it will be viable to draw fossil fuels from the tar sands of western Canada. While it may be true that the sands will be tapped to a greater degree, the idea that it [...]

Circuit City Liquidates

By mwilson | Jan 16, 2009

My heart goes out to Circuit City today. They failed to overcome their harsh business environment and have been forced to liquidate their American holdings, putting 35,000 more people into the unemployment lines. It’s a tough market and the consumer and electronic goods they sell have thin profit margins. Next time you go to Best [...]

Automakers Get Bailout

By mwilson | Dec 19, 2008

This morning the White House announced $13.4 billion in loans to the Big Three automakers in Detroit, with an additional $4 billion handout waiting in the wings for February. In return the automakers will let the government inspect their books and promise not to fly their executives around in fancy jets. There is a satirical [...]

Citigroup staves off financial woes by placing expensive newspaper ads

By mwilson | Nov 23, 2008

This morning newspapers across America will feature full-page ads by Citigroup reassuring everyone that the economic situation isn’t hurting the company but rather it is the fear-mongering by competitors bringing them down. Likewise if the Feds had only allowed them to merge with Wachovia, Citi would be sitting on their haunches enjoying tea right now. [...]

American Car Manufacturers Cry Foul… Again

By mwilson | Nov 21, 2008

Is there a year that goes by without North American car companies crying wolf? The newest excuse is the economic downturn is causing the companies to go belly-up. Give me a break, please! The automotive industry has been suffering for a long time and will continue to do so whether or not they are “bailed [...]

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