In preparation for a speech I am giving tomorrow night, I have identified the most powerful financial principles in the Universe: 1. Compound Interest – identified by Einstein as “the most powerful force in the Universe.” More so than nuclear fission, I guess. Understanding how compounding works is critical to both wealth generation
Jim Blasingame interviews Jim Randel about The Skinny On book series and the elements of the mortgage/housing bubble bursting, which was a key factor in the current recession. Click here to listen
Notwithstanding a lot of negative information about housing prices, I believe we will see stabilization in the markets by mid-year. Here is my thinking: The speed in which our economy crashed (housing and stock prices) is unprecedented. There were no economic models to predict what happened. Once the decline started, the fuel
If you want insight into what went wrong in the housing world from 2000 - 2006 please read in print or online "Saying Yes to Anyone, WaMu Built Empire on Shaky Loans." This article published today (December 28) in the New York Times and reported by Peter Goodman and Gretchen Morgenson does an excellent job pulling back the curtain on the horrors
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