Feature Article

Bank for International Settlements Report Looks at Origins of Credit Crisis

We spend so much time trying to figure out what’s ahead that we forget a simple fact: what’s happening now has its causes in previous actions and decisions. That is a fancy way of saying that maybe it’s a good time to stop prognosticating and take a look back at the origins of the credit crisis. Instead of guessing what each piece of news means, let’s just look at the facts. Fortunately, the Bank for International Settlements has done it for us!

Dan Denning | July 8th, 2008 | Continued

Feature Article

If You Take Out Inflation from the Rise in Prices, Then Prices Did Not Rise? Hahaha

I barged into my boss’s office to tell her, “If you ignored all the stupid mistakes I made, and you forgot all the complaints about me from clients and all the other stupid employees, then I was NOT the worst employee in the whole company! Well, as usual, I get no respect from her, and all she wanted to know is why I am barging into her office in the middle of the afternoon, dressed for playing golf, since I had called in sick this morning?

Mogambo Guru | July 8th, 2008 | Continued

Feature Article

The Mother of All Housing Booms

Without new buyers coming into the market, it will be interesting to see what house prices do the rest of the year. Individual sellers are always reluctant to lower their asking price. They believe higher prices are always just around the corner. Builders and developers are quicker to cut prices so they can liquidate inventory. More on housing below, with plenty of reader mail.

Dan Denning | July 4th, 2008 | Continued

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