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Archive for September, 2008

Deal…or no deal

Tuesday, September 30th, 2008, by

So, how goes the rescue effort? Despite the stomach churning market action Monday, September 29, the collective judgment is that all the disputatious congressional factions will sooner or later patch together some kind of package to swap dollars, or a line of credit, for the toxic mortgage backed securities that have rocked the markets. In […]

I (don’t) like Ike…

Monday, September 29th, 2008, by

I’m back. We were directly in the path of Hurricane Ike, but 50 miles inland so damage was relatively minor. The major inconvenience was in having no power or Internet access for nearly two weeks. As it turns out, these were two weeks where it was a relief not to be plugged in to the […]

Billionaires Behaving Badly

Friday, September 26th, 2008, by

You have to wonder just what it is that makes a guy like George Soros want to bite the hand that feeds him. He made his fortune as a bold currency trader, netting over a billion when he shorted the Pound in 1992 on the infamous occasion known as “breaking the Bank of England.” Forbes […]

Shooting the Wounded

Thursday, September 25th, 2008, by

Let’s see how the IRS is doing this year handling refunds. According to Martin Vaughan’s article in the Wall Street Journal (9/9/09, D5) here are the results. Filing your return online, and providing routing information for direct deposit to the taxpayer’s bank account…an average of just 10 days. And for some lucky taxpayers as soon […]

Getting Carded

Wednesday, September 24th, 2008, by

The banks are bruised and bleeding….but fighting back. And they’ve targeted a demographic that promises to be very lucrative: College Students For background on this new trend, check out “The New Card on Campus: Prepaid Debit” in the Wall Street Journal (9/11/08, page D1) by Mary Pilon. We all know the horror stories on how […]

Real Estate…just when you thought it couldn’t get worse

Tuesday, September 23rd, 2008, by

I think life would be much simpler if I didn’t read so much. Last time I bothered to count there are some two dozen investment periodicals that inform my point of view. One of the best is Forbes. No, not just because I am part of their finance blog network. Forbes is fearless about biting […]

And the winner is… the other guy

Monday, September 22nd, 2008, by

Blue Jeans Millionaire welcomes Toli as our newest contributor. He is Richard’s nephew, a Stanford grad and a Silicon Valley IT guru and entrepreneur, stingier than even Richard (his AC unit is set to 87 degrees in the summer), but with more liberal leanings. Toli offers a balancing post to Richard’s winner pick and plans […]

And the winner is….

Friday, September 19th, 2008, by

Before I cast my ballot, let’s review my post from one week prior: Your ability to flourish and prosper after the inauguration of the new president will be about the same, no matter who wins. The Bush tax cuts of 2001/2003 will expire after 2010. Democratic majorities will prevail in both houses of Congress, most […]