When you eat too much food, the body stores those extra calories in fat cells. If you keep overeating the body becomes obese and starts to break down with diabetes and other nasty ailments. If those symptoms don’t deter the overeating, the body will eventually fail…game over. Our economy and society is like a living body, it […]
No doubt you’ve heard that the finance system is broken (sic). Banks, hedge funds, investment banking…the list goes on and on of those in the finance ecosystem that have broken business models, economics, and portfolios from taking on excessive risk. But there is another very important finance player that is broken but for the complete […]
“Le laisser-faire, c’est fini.” Capitalism is dead, long live capitalism, so declared French president Nicolas Sarkozy. Socialist believers and capitalist naysayers are celebrating the collapse capitalism. If you believe that, then we’ll all be farmers soon. The collapse, or really seizure of the credit markets and financial system is real but capitalism continues to survive and thrive. While […]
Yes, the Irish famine did occur, but it didn’t need to. On this coming St. Patrick’s day when everyone celebrates the glory of the Irish, I felt it necessary to help spread the real story of the Irish famine of the mid-1800’s. In 1847 alone, 400,000 Irish died and a total of almost 1,500,000 died […]
I can’t believe the number of people that have lost everything by investing with Madoff. While I feel empathy for those who lost money, who puts all their money in one place and doesn’t know what the investment is backed by. The first rule any amateur or professional investor learns is to diversify. Never put your money […]
The first step is to acknowledge our problem…America, we’re addicted to growth. I started writing this entry over a year but never finished it, until now. Now I find myself feeling some level of personal satisfaction as the U.S. convulses and hemorrhages as it begins detoxing itself from it addiction to growth and debt. No, growth and debt are […]
The US has received wave after wave of immigrants over its short 400+ year history. From the first English, French, and German waves to the Irish in the mid-1800’s and the Italians and Polish in the early 1900’s. The most recent and largest wave is that of Latinos; those from so called Latin America (Mexico, […]
We’ve all heard “Welcome to Subway” or “Welcome to Tilly’s” or the like coming from some unseen sales clerk or busy sandwich maker when we walk into a retail store or fast food joint. Could anything be more annoying or patronizing?!? It seems in an effort to improve customer service companies have resorted to mimicking […]
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