The Truth of Credit

As I listen to the Dave Ramseys of the world, I cringe when I hear his catch phrase, “Save today, so you can live like no other tomorrow” or something to that effect. On New Year’s, I learned that a young man I had met in passing two nights before had died in a freak [...]

Simple logic would tell you that when people have less money, their priorities are going to be the essentials, i.e food, clothing and shelter. The old Discover, Mastercard and VISA will become the least of any one’s worries if they are in foreclosure or facing judgments or liens. However, the collection industry is going to [...]

Everyone knows the story about Bernie Madoff and his global Ponzi scheme but you have to be amazed at the people he fooled. We are talking about some very bright people: Steven Spielberg, Jeff Katzenberg, Abu Dhabi Investment Authority and numerous other high affluent charities. I guess you can chalk it up as another “too [...]

Timing the market sounds like such an easy practice but few if anyone ever get it right all the time. Real Estate, much like stocks, is at an all time low and appears to be in a free fall. It’s true that fortunes will be made when this recession is over; there will be another [...]

Let’s go back in the time machine to one year ago: No one could have foreseen the economic distress that this country has been through in 2008.  Back in October of 2007 the U.S. Stock Market was at its all time high.  Google was going to be the next Berkshire Hathaway and Oil Futures were [...]