Steadfast Finances

 Administration, Financial Crisis         1 comment

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I haven’t posted a Best Reads article in some time due to the monster snowstorm that knocked out power and web access subsequently throwing a monkey wrench in my schedule, as well as the chaos revolving around the holiday season, so it’s time to highlight a few posts from around …

 Advertising, Banking, Financial Crisis         14 comments

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I’ve been asking for months now: why haven’t credit unions and small regional banks created a nationwide “Anti-Too Big To Fail Bank” advertising campaign for the sole purpose of taking market share?

Why haven’t they capitalized on this incredible marketing opportunity to draw upon the public’s resentment for fat cat bankers …

 Consumer Education, Financial Crisis, Frugal Living, Public Awareness         2 comments

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A fascinating talk on how 72% of the American Gross Domestic Product — consumers — are changing their spending behavior, relying on old school frugality tips to save more money, and deleveraging (e.g. saying goodbye to credit) to reduce their liability and financial risk. Mr. Gerzema compiles an enormous amount …

 Administration, Financial Crisis, Mortgages, Peer to Peer Lending         2 comments

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I’m concerned about the growing number of prime borrowers who are delinquent on their mortgages. According to Wall Street traders and pundits, we still have a decent chance seeing a double bottom on the S&P 500.  If the short term economic outlook involves anything resembling the phrase “prime mortgage …

 Business Ethics, Financial Crisis         No comments

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When I was an undergrad, I was a paid research assistant for one of the most accomplished professors at my university.  He was at the top of his field, a multimillionaire, and one of the most egotistical a*sholes on Planet Earth.
He was the ruler of his small, but strangely powerful, …

 Financial Crisis, Lessons Learned, Politics, Real Estate         6 comments

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Peter Schiff might have the biggest set of brass cojones of any financial guru I’ve witnessed in my lifetime.
When he warned of an impending recession in 2006-2007, he was dismissed as a ultra bearish fool.  When he said a real estate bubble had formed and no one would be able …

 Financial Crisis         2 comments

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I realize that most people are probably tired of discussing how Wall Street’s greed cannibalized their own pro-capitalist business model, but when one of the most articulate Wall Street insiders decides to speak out, it’s probably in your best interest to listen.
CNN’s Fareed Zakaria interviewed Michael Lewis, author of one of the …

 Financial Crisis, Frugal Living, Saving Money         7 comments

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During another weekend road trip to visit the family for Mother’s Day, I always make it a habit to drop in on Grandma and soak in a few hours worth of knowledge she’s accumulated over her near 75 years.
Gifts were exchanged, I overindulged in home cookin’, but in the end, …

 Financial Crisis, Real Estate         9 comments

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Who would have thought during the peak of the housing crisis that we would witness such a sight as this?
Brand new homes located in a suburban California neighborhood being demolished because they were costing Guaranty Bank (a TARP recipient of bailout funds) too much money in fines to allow the …

 Commodities, Financial Crisis         6 comments

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As if things couldn’t get worse, how does additional price increases at the grocery store sound for 2009?
Many California farmers will allow their farmland to sit idle this year because they simply can’t get enough water, or get adequate bank financing, to grow their crops.
What’s the problem?  [see videos below]

Drought …

 Financial Crisis, Public Awareness         3 comments

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You know it’s bad when folks get nostalgic and fondly reminisce about a time in history when our National Debt was only 9 Trillion Dollars!

It could be worse ya know… how does $10 Trillion and growing look?

…
Photos by:
Digiart2001 and Kevin Krejci
Related Posts How Much Would You …

 20s Something Advice, Financial Crisis, Green Living         7 comments

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Imagine a future where a guy who shovels cow manure is a multimillionaire.  How about a foul mouthed pig farmer with questionable hygiene becoming the new upper class of society?
You’re probably looking at that opening paragraph and thinking I’ve lost my mind.
That’s possible I suppose.
But after watching the EG08 Talk …