Flip Its

Let’s say we find out there’s another $100 billion in losses at the US investment banks from the mortgage bubble coming unwound. No, even better, let’s say there’s another quarter of a trillion of losses at than i-banks and other financial institutions in this country. And what would you think if you wake up tomorrow and find out that oil supplies are being disrupted and the world’s ... read more

Let's say we find out there's another $100 billion in losses at the US investment banks from the mortgage bubble coming unwound.  No, even better, let's say there's another quarter of a trillion of losses at than i-banks and other financial institutions in this country. And what would you think if you wake up tomorrow and find out that oil supplies are being disrupted and the world's economies ... read more

The financial discussion I have most often with people when they actually open up and talk about their lives is about how they’ve lost big money over the years in one sort of trading scheme or tip sheet or newsletter or TV show or another as they try to make the quick buck. There ain’t no such thing as a quick buck. You gotta be patient and conservative…and if you are and you work hard and ... read more

One of my favorite Thoreau quotes is "As if you can kill time without injuring eternity". I quote it often, and in my most recent relationship, I had quoted it in a discussion about why nothing good can come when you're out after about 1am or so. I'd used the Thoreau's wise words to underscore a bigger point as I often think of it in my own head, and that is that you've got to keep hard at it ... read more

They asked me to go to the NYC Auto Show. I think they meant that high-falutin, tax-dollar subsidized NYC Auto Show from the Javitz Center. Instead, I headed up to Willet's Point, where there are no sidewalks or sewers, for a kept-real Pimp-My-Ride Auto show from the streets. As I ask in the video, I wonder just how much these people's lives could be improved with that $286 million of taxpayer ... read more

On Happy Hour last Friday, Gogo and I were discussing lately how we're getting to the "fall guy" part of this downturned economic cycle giving the world someone to blame. NYTimes' report today that New York Governor Elliot Spitzer has some sort of involvement with a prostitution ring doesn't seem to have much to do with the markets ... read more