Archive for March, 2009

Tuesday, March 31st, 2009

Will Mutual Fund Oblivion Lead To More Volatility?

Mutual Funds are dinosaurs and many are becoming extinct like their dino counterparts and much of the mutual fund money is pouring into ETFs but will that ultimately lead into more volatility? I think of Mutual Funds as dinosaurs because they often move in the same manner, for example if you decided to liquidate your […]

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Monday, March 30th, 2009

More People Talking About The Credit Card Nuclear Option

I’ve been conversing with a few people and talk of the “credit card nuclear option” seems to be coming up more and more these days.   What is the credit card nuclear option?   Well, if you’ll recall from this post, it is essentially taking cash advance(s) from your credit cards to the max or near max […]

3 Comments » - Posted in Evil Profits by

Saturday, March 28th, 2009

Whereabouts Unknown

Wow, it’s been ten days since I’ve last posted and time flies when you’re at home working on various projects.  So what have I been up to? For starters, I’ve been clearing “land” in my backyard and planting crops.  I’ve planted corn, carrots, onions, bell peppers, water melon, tomatoes and various flowers all throughout my […]

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Wednesday, March 18th, 2009

The War On Contracts

Have you been paying attention to the mass movement to fight a war on contract law?   By now, you’ve heard of those dreaded AIG bonuses and while I agree it’s total crap that bonuses were handed out from government funds,  there is something to be said about contractual obligations and contract law. Imagine if anyone […]

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Monday, March 16th, 2009

Millions of Foreclosures = Millions of Bad FICO Scores?

If millions of homes are being foreclosed then it must follow that millions of previous home owners now have trashed FICO scores. There are supposedly at least 25 million bad subprime loans in or near default so it follows that at least 25 million or so people have had their scores trashed. If “bad credit” […]

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Saturday, March 14th, 2009

Grocery Store Pricing Games

Now that I’ve been paying close attention to the price of items at the grocery store, I’m becoming aware of the games many grocery stores play with their customers.   For example, there was a large display of cereal on sale with a $1.00 off coupon with the purchase of two boxes.   The boxes were “family […]

2 Comments » - Posted in Money Management,Observations by

Thursday, March 12th, 2009

Jon Stewart Is Right, CNBC Is Pointless

I’ve found myself muting CNBC more and more as I work at home on various projects, I get more out of CNBC by simply reading the tickers and news flashes than listening to the pointless banter of the CEO of the week or the orgasmic cheer Erin Burnett gets when the Dow breaks a few […]

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Wednesday, March 11th, 2009

What Will You Tell Your Grand Kids About the Crash of ’09?

My father was born during the Great Depression and he often told me tales of having to sell loaves of bread at age 9 to help make money for the family.  I saw the NBC news last night and I saw a story about an organization that helps feed hungry kids around the world; the […]

3 Comments » - Posted in Philosophy by

Tuesday, March 10th, 2009

How I’m Still Enjoying The Good Life on $25

One of the things I miss the most from my pre-unemployment days are the $200 massages from four star resorts I used to visit. Almost every few weeks, we’d go to a resort for the weekend and get a couple of massages at the spa which typically ranged from $190 to $275 plus tip ($75) […]

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Monday, March 9th, 2009

The Simple Plausible Scenario For Bank Runs

According to the Federal Reserve System there is approximately $600 billion in cash circulating around the world. According to the US Treasury, approximately $750 million dollars of US currency are printed annually primarily to replace aging/damaged/worn currency During fiscal year 2007, the Bureau of Engraving and Printing (BEP) produced approximately 38 million notes a day […]

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