Good Riddance 2009

By | 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 | 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 | 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. […]

The Fastest Way Out of Debt

By | Apr 9, 2009

photo credit: mangpages Suppose you find yourself in this all-too-common situation: multiple credit cards (perhaps maxed) and loans, recently unemployed or perhaps just barely employed. Every last dime you make goes toward paying the minimum balance on your bills and feeding your family – more often than not you run out of money before you […]

Latvia and European Integration

By | Feb 28, 2009

In the past I spoke of how Latvia,which had previously been a leader in economic growth, was in a bit of slump.  In a followup to the situation, I was unfortunately not surprised when I learned that their situation has become worse.  According to the BBC, the powers that be that determine the credit ratings […]

What economic crisis?

By | Feb 10, 2009

Looks like Sweden is not aware that there is an economic crisis going on.  Hennes & Mauritz stores (H&M) are planning to expand their operation worldwide with the creation of 6000 to 7000 new jobs in their soon to be opened stores. Good news for all those executives that need a second job after President Obama’s […]

January 2009 in Review

By | Jan 28, 2009

As February approaches, I thought it’d be worthwhile to look back and consider some of the issues and events that our world has faced this past month. 1- The Inauguration of President Obama – Barack Obama became the 44th President of the United States of America On Jan 20, 2009.  He was the first African-American […]

Tar Sands Will Never Replace Mideast Oil

By | 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 […]

What Credit Crisis?

By | Dec 22, 2008

Steve Forbes, creator of Forbes magazine, is suggesting that the worst of the credit crisis is over.  Forbes spoke recently with BBC correspondent Matt Frei about the credit crisis.  In summation, Mr. Forbes suggested that that worst of the credit crisis has passed and governments have reacted in an appropriate way, infusing hurting banks with […]

Canadians Follow Suit

By | Dec 20, 2008

It seems that the Canadians are following the Americans and are also giving a bail-out package to the auto industry, a key industry in southern Ontario with a four billion dollar (canadian) series of loans.  This is very similar to what the United States announced a few days ago. This is interesting because only a […]

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