November, 2008

The Real Information is Behind the Headlines »

We all focus on the headlines ... those prominent stories that dominate the front pages or first few minutes of news. As someone who has followed the current financial meltdown carefully, I find that I have learned much more from stories nowhere near the headlines. Here are examples from just the last day or two: (more...)

10 Financial Bromides I Never Want to Hear Again »

10 Financial Bromides I Never Want to Hear Again

[caption id="attachment_181" align="aligncenter" width="300" caption="null"][/caption] One good thing (perhaps the only good thing) coming out of the current financial meltdown is that I no longer have to listen to the self-serving hype of financial "advisors" claiming to know what is best for me ... such as: 1. "There is no better

The #1 Problem with the Bailout »

The #1 Problem with the Bailout

[caption id="attachment_174" align="alignleft" width="300" caption="null"][/caption]               Here is my biggest problem with the bailout: it all happened too quickly for the American public to understand why it was so critical (if, in fact, it was). I don't know about you but for me it seemed like one day

Thinking of Putting Your House on the Market? »

Thinking of Putting Your House on the Market?

Bad Idea. Unless you absolutely MUST sell your home now, don't even put it on the market. Here are my reasons: 1. Buyers are all looking for a steal. They can read the papers just like you and me and they see that median home prices are, on average, down 20% from 2006 peaks. And, in certain areas of the country, the decline is more like

Is Commercial Real Estate Next? »

Some journalists have been suggesting that values in commercial real estate will be the next to crash - following housing and dragging the U.S. economy even further into a serious funk. Prior to giving you my opinion, I'd like to give you my resume: before I turned to journalism (writing, teaching and speaking), I spent 30 years as a real