Finance and the economy

I’ve had a recurring rant for a few years now, that I’ve been happy to deliver over a coffee or a cocktail. The short form goes something like this:

“Financial institutions don’t produce anything. Instead, they act as catalysts – enabling other entities to be more productive than they otherwise would have. Because of the . . . → Read More: Finance and the economy

Financial Crisis

I haven’t yet taken the time to read this article with any attention to detail – but on the whole it seems to capture my understanding of our current financial situation.

To wit: Our initial attempts at saving the financial industry have failed because they assumed that the bankers and wall street types would . . . → Read More: Financial Crisis

Protected: Charity

There is no excerpt because this is a protected post.

Bonuses

You know what rankles me? The financial houses just don’t get it.

Despite crippling losses, multibillion-dollar bailouts and the passing of some of the most prominent names in the business, employees at financial companies in New York, the now-diminished world capital of capital, collected an estimated $18.4 billion in bonuses for the year.

Actually, they . . . → Read More: Bonuses

Brooding

I found myself sitting up late last night wondering how it is that the whole world (relatively speaking) can be working on the problem of our imminent financial collapse and yet not find any good solutions.

I think that one of the core problems is that the people most directly involved in the situation (the . . . → Read More: Brooding

Housing

I’m trying to figure out the dynamics of the housing market, in preparation for looking at houses.

First of all, yes, I’m well aware that the market is still massively overpriced. Yes, I’m aware that the rent:own ratio is over 2, where it should be less than 1. Yes, I’m also aware that the . . . → Read More: Housing

I love finance…

Exciting weekend looking for houses in Providence, RI and the surrounding hamlets. My initial impression is very positive. This will be a fine place to live, the community is certainly thriving. My second impression is that, for the money, we can get a house about equal in size to the one we currently own. To . . . → Read More: I love finance…

Balls in the air…

Too many balls in the air, that is. Old juggling metaphor.

. . . → Read More: Balls in the air…