Posts tagged as:

Recession

Have you figured this?

July 28, 2009

Hi, The FDIC released some interesting figures. In 2008, it forked over $17.6 billion for failed banks. This year alone, it’s shoveled out $14.21. So far. In 2008, the number of its bank failures hit 25. This year already, it’s doubled that. The latest string were 7 banks that closed last Friday. Now, most of [...]

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Not a recession…

July 22, 2009

It’s not a recession, according to Charles Ballard, an Economics Professor at Michigan State University. See, a recession is part of the normal business cycle of boom and bust. This is not a normal bust. And it was not caused by a “normal” correction to the latest boom over-reaching itself. Instead, it was caused by [...]

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Not a recession…

July 20, 2009

It’s not a recession, according to Charles Ballard, an Economics Professor at Michigan State University. See, a recession is part of the normal business cycle of boom and bust. This is not a normal bust. And it was not caused by a “normal” correction to the latest boom over-reaching itself. Instead, it was caused by [...]

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He who dies with the most toys…

July 10, 2009

Hi, Just wanted to share something with you. It’s true. And unfortunately, it’s something that too many people are caught up in. It’s the tongue-in-cheek saying of “He who dies with the most toys wins.” But as you know, I’m a realist. So I don’t want to rain on anyone’s parade, but the reality is [...]

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