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What if foreign entities stop buying our debt? Most of our nation’s debt is in short-term instruments that need to be rolled over on regular basis. We have just witnessed what happened when the nation of Greece had a hard time borrowing to finance their socialist entitlement programs. What would our government do if […]
Quick Reminder Luis Fernandez of Fernandez Financial in Folsom, California has been indicted by a grand jury on charges of money laundering and wire fraud. Fernandez collected money from investors by promising a 3% monthly return on their money. Fernandez told investors that his clients were profitable in both good markets and bad and that […]
The President spoke in front of a massive crowd of 200 people in Strongsville, Ohio where he preached about the super-cool magic of his health care bill… “How many people out here get insurance through their employer? A lot of those folks…your employer, it is estimated would see premiums fall by as much as 3000%. […]
“We’re not going to save our way out of recession. We’ve got to spend our way out of this recession, and I think most economists know that.” Rep. James Clyburn D-SC (third-ranking house leader) President Obama recently signed the borrowing authority that grants the government to borrow an additional $1.9 trillion raising the debt ceiling […]
I took a serious amount of flack for supporting the TARP program when it was put together back in the fall of 2008. I saw what was happening in the credit markets and knew that catastrophe was not out of the question and much closer than people realized. Despite my support, I did have some […]
Once upon a time, when the NBC Television Network was competent, they produced a show that did pretty well. It was entitled, Seinfeld. One episode that comes to mind while contemplating the state of America today is the Bizarro episode. This classic episode was in reference to the Bizarro character in the Superman comic series. […]
Not since 1984, when Environmental Protection Agency agent Walter Peck shut down the high voltage laser collection system at the Ghostbusters headquarters in downtown New York City have we seen such idiocy from the EPA. Me on the Watchdog on Wall Street Radio Show December 12, 2009 The Environmental Protection Agency has ruled in an […]
There is a very attractive new option for employer sponsored retirement plans that will become available next year. The DB(k) will provide businesses with 500 or fewer employees an opportunity to provide a strong retirement plan for their employees with a lot less paperwork, hassles and cost than a traditional pension plan. The DB(k) is […]
Some recent tax-law changes have improved Health Savings Accounts (HSA’s) that have made them even more attractive to a wider range of people. We have been strong advocates for high deductible health insurance couple with HSA’s since their inception. The HSA can best be described as an IRA for medical expenses. Contributions can be deducted […]
Chupacabra, Blood Sucking Mythical Beast Found in Texas Lynn Butler, a taxidermist, says that he found the mystery creatures corpse in a chicken barn three months ago the morning after an unseen predator was heard running amuck. While its hairless, leathery body and pointed muzzle resemble a dog with severe mange, other animal experts who […]