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Monthly Archives: September 2010

Fear Monger: Annuities

Now,  to that other investment that is heavily advertised by doom-saying product pushers: annuities. The broad attraction in annuities is the following: It provides an income stream. If the annuity is a fixed annuity, then this income stream is known. It outsources the need for professional investment advice. It may have some interesting and helpful life insurance benefits.  But there is no free lunch […] Read the rest of this entry »

Fear Monger: gold

It probably comes as no surprise that certain types of investments are being heavily pushed by those with an interest in selling those investments these days. In order to create a demand for their product, they talk doom and gloom – sometimes even more than I do!  But their objective is to paint a negative investment picture so that you’ll be despondent about the […] Read the rest of this entry »

Are we (just) frogs ?

Do you know the story of the frog in the pot of boiling water? It goes like this. Drop a frog into a pot of boiling water and it will immediately try to jump out of the pot. But place a frog into a pot of room temperature water and slowly raise the temperature of the water to a boil. The frog will just […] Read the rest of this entry »

Housing Update. Defaults are slowing?

There has been concern that once the period of teaser mortgage interest rates ended, and once loan modification schemes have run their course, we’d see a sizeable increase in mortgage defaults. While mortgage defaults are at higher levels than normal, they aren’t as high as they were in 2008 or 2009.  There are 2 reasons why this might be.     The first reason why mortgage […] Read the rest of this entry »

(un) Employment Update (August 2010)

The most widely anticipated US economic news for the week was Friday’s employment report from the Bureau of Labor Statistics.  The BLS report showed: 67,000 new private payroll jobs created   121,000 govt jobs lost TOTAL  54,000 jobs lost overall. Apparently Wall St was relieved the numbers weren’t worse. Or maybe the employment report was sufficiently bad enough that they thought we’d see more […] Read the rest of this entry »