One can always find a silver lining even in the darkest of clouds. While a financial crisis tends to mostly hurt the undeserving, sometimes it serves as a way to clean house. Just watch..
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debt crisis
Frontline: Breaking the Bank
The bets were huge and risky—billions of dollars on the housing market. The upside was undeniable—superbanks reaped billions of dollars, dominated the landscape, and gobbled up competitors. Then the bottom dropped out—the massive losses on Wall Street nearly broke the banks. In the worst crisis in decades, brand name banks are on the brink. Now [...]
Cinco de Mayo and Debt
Being located close to the Mexican border, and with so many people of Mexican descent living in our State, Cinco De Mayo is celebrated by both Mexicans and Americans this week in parties throughout Arizona. It’s traditions now include festive parades, Mexican-food feasts, cerveza y margaritas, mariachi music and folkloric dancing. It’s truly a good [...]
News of the Weird
The home that Ben Bernanke grew up in, fell victim to the mortgage crisis. According to the weekend edition of the Wall Street Journal, Real Estate section: Fed Chief’s Boyhood Home Is Sold After Foreclosure.
According to an excerpt from that article:
Mr. Bernanke’s family sold the property more than a decade ago. It ended up on [...]
In Defense of Bill Miller
Bill Miller, long considered one of the greatest individual stock pickers and value investors in the field of investment services, has been getting a lot of bad press lately.
It’s not like the bad press isn’t justified.
His flagship fund, Legg Mason Value Trust (LMVTX), after being the leading performer of managed mutual funds and outperforming the [...]
Back In Black Again
My contrarian investment strategies have paid off, so I’d thought I’d celebrate being “back in black” again. After today’s market gains, and including the savings I’ve continued to invest during this recession, my entire portfolio is far ahead of where it was before the market crashed.
Let’s review what I discussed and documented in Guzzo The [...]