Monthly December, 2010
Important Themes from My 2010 Blog Firstly I wish to thank the readers for taking the time in this busy world to read this blog. I started writing in June 2010 with the thought that people buy an inexpensive household item only after comparison shopping and due consideration, yet people invest their life savings by...
A Warranty is normally attached to a product, except in the Financial Industry The Lack of Warranty attached to Financial Investments. Buying a car means whoever sold you the car stands behind the car. The financial system works on the opposite principle. BUYER BEWARE ! Money is Earned by Your Advisor When you Buy Something...
The Main Elements that are Wrong with our Economic System – First Item on my 10 Point Checklist of Dec 9/10 – Continued from blog of Dec 20, 2010 Let me begin by saying again that I am a Capitalist. I believe Capitalism to be the only economic system that the Western world should follow....
The Main Elements that are Wrong with our Economic System – First Item on my 10 Point Checklist of Dec 9/10 Understanding the Difference between a) The Financial System & b) The Manufacturer of Cars or Appliances Both manufacturers of goods, such as electric can openers or vehicles; and manufacturers of financial goods sold to...
Our Cherished Rights We in democratic societies fight to keep our cherished rights. We feel that any move to restrict our rights, is a move against individual freedom, and is something that is not very good. Generally these cherished rights are necessary to our well-being. These rights protect us and mandate the way that our...
We have often commented that the economy is gradually recovering. The North American and European societies are simply too strong to lay dormant. There will be a lot of bumps in the road, and a lot of bad news along the way, but gradually and surely, this cycle will become a memory, just like every...
My Checklist – Following my Blog of Dec 9/10 Capitalism is the ability of the private sector to raise money and invest that money in the private sector. One must differentiate between the good and the difficult parts of our system. The good must be recognized and honored. The bad must be addressed. As civilization...
In a recent blog, I tried to give an overview of what happened and why it happened. In writing that blog, it occurred to me that the subject of how to avoid future similar meltdowns is about as confused in the public’s minds as to the reasons why the meltdown occurred. If you Understand Why...
While we normally like to comment on current trends, occasionally there is the possibility of something abnormal happening. Currently, it is the massive bailout of Ireland by the European Economic Community and the IMF. Ireland Interest rates on Irish bonds or securities issued by Ireland have spiked recently as a result of the possible bailout,...
Follow the Historical Cycles There have always been cycles and there always will be cycles unless new massive regulation takes over that moderates the ability of Wall St, or the NEW Wall Street (wherever that may be) from making money. Essentially the money traders find a new thing to trade or to promote and they...