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American Banker’s Weinberg: Evidence of a New Banking Bubble Is Growing Bad habits at big banks are returning because of low lending margins and because the allure of thriving financial markets is reviving too much risk taking. The result? There is evidence a new bubble may be forming, Neil Weinberg, editor in chief of American Banker, wrote in a column. “Tops is the fact that with interest rates so low, there’s been a [...] Jackie Whiton, age 65, had worked as a cashier at the Big Apple convenience store in Peterborough, N.H., for years. But then a couple of weeks ago she committed a firing offense. She refused to allow a welfare recipient to use his EBT card to buy a pack of smokes. How dare a taxpayer say no to a member of the non-working class? This is verboten in Obama’s America. So she was fired. [...] Homeless, abandoned by her parents and once declared a high school dropout, a hardworking 18-year-old has turned her life around earning her acceptance into Harvard University with scholarship this fall. High school graduate Dawn Loggins says her life in Lawndale, North Carolina first started out in decay, among bullying and a broken home surrounded by drug use and squalour before eventual abandonment by her parents. ‘I looked around at my family and I saw [...] Remember back in 2008, when Iran Photoshopped an extra missile into a photograph of its missile test? Turns out, bad habits die hard. The Atlantic Wire has caught Iran’s semi-official Mehrs News Agency (MNA) using another digitally-altered image to depict its missile program. Only this time, the image is even more egregiously Photoshopped. On the homepage of its website today, the image appears next to a story downplaying the threat of Iran’s ballistic missile program. It’s a small image but [...] From WSJ: Rising layoffs, falling home sales and slowing manufacturing activity are sparking fears that the economic recovery is headed for a springtime stall for the third year in a row. New data Thursday provided fresh evidence that the job market is losing the momentum it built earlier this year, which could pressure fragile housing markets that have been showing signs of life. Separate reports this week suggested that the factory sector, [...] by Mark Motive Published : March 12th, 2012 Gold is once again above $1,700 and eyeing its all-time high. Yet, the same two camps are saying the same things they have since the yellow metal was at $600: either this is a bubble, or it’s headed much higher. While the gold bulls have clearly been right for over ten years, that doesn’t mean they will always be right. There are many ways to [...] The budget has to be the outcome of an overall goal setting process. I know many folks who use budgets to try and control their spending, but they almost always commit the terrible mistake of setting their spending budgets based on past spending habits. This only institutionalizes the bad habits that have developed over the years. I recommend that folks start the budgeting process by defining the goal. Is it to save $xxx [...] The Golden End Game – A Thought Experiment
Part One of Two By Cognitive Dissonance
With limericks by The Limerick King
This is part one of a two part exploration into what the world might look like after a total or partial collapse of the currency/economic system from the perspective of holding Gold. As the title explains this is a thought experiment, not a dissertation filled with footnotes and references. Consider it one man’s flight of [...] |
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