housing market – Nature Bats Last

Unwinding

November 3, 2009

Nine more banks failed last weekend, bringing the year’s total to 115. Along with the banks, one of the largest companies in the country declared bankruptcy, further evidence every large entity in the world will go down with energy availability. Small businesses are joining the fiesta, declaring bankruptcy like Zimbabweans, and the mother of all carry trades is headed for a collapse the size of hell and half of Montana.

Time for a Revolution

May 28, 2009

Not so long ago, $60 oil represented a dire threat to the U.S. (hence, world) economy. Now that we’ve seen a price spike and a rapid decline down to half the current price and one-fifth last summer’s peak, Wall Street cheers expensive oil because it profits the oil companies.
You gotta love the media, loving Wall Street for loving the oil companies.

Launching a Lifeboat

February 14, 2008

Living in two worlds is great in theory. But having to choose one world over the other is very, very difficult, especially when the choice runs counter to the status quo.