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Archive for August, 2009

Out of Control Healthcare Spending?

Monday, August 31st, 2009, by

Like a dog with a bone, I just can’t let go of the raging health care reform debate. It’s shaping up to be the pivotal paradigm shift for the next decade..perhaps longer. I don’t consider myself to be an expert on health care reform…just a well-informed consumer.  But I have immersed myself into residential real […]

Flight Capital

Friday, August 28th, 2009, by

That’s what they call the seepage of hard currency and portable wealth assets as they flee confiscatory regimes. Think of the collapse of Czarist Russia in 1917, or China under Mao in 1949, or Venezuela under Hugo Chavez. And then think of London.  Right now. A recent article in the Wall Street Journal, “New UK […]

Not-So-Secret Swiss Bank Accounts

Thursday, August 27th, 2009, by

What to make of UBS (formerly Union Bank of Switzerland) caving in to U.S. demands to identify their American secret bank account clients? Well…obviously….this is not your father’s Switzerland. The first wave of expatriated wealth transferred to Switzerland from America was ignited by the confiscation of private gold holdings during the first activist days of […]

The Right to Health Care, Part II

Wednesday, August 26th, 2009, by

If health care is a right, than surely shelter and clothing are as well. I am indebted to Craig Karpel’s op/ed in the 8/17/09 Wall Street Journal (p. A11) who takes the heretical view that we are not paying enough for health care…and that it is further a critical growth component in our economy.  And […]

The Right to Health Care, Part I

Tuesday, August 25th, 2009, by

At the heart of the current debate is the core philosophical issue… Is there an absolute right to health care? John Mackey, the savvy and controversial CEO at Whole Foods (aka “Whole Paycheck”) has stirred a hornet’s nest, and incensed his uber-liberal customer base by denying that such a right exists in his Wall Street […]

In Defense of Subprime Loans, Part II

Monday, August 24th, 2009, by

You’d think that with all the sub-prime loan scandals no one would still be working that angle. Think again. The FHA,  a product of FDR’s New Deal legislation, is alive and well, and may in fact account for one third of all loan originations this year. For the seriously credit compromised, FHA loans require 10% […]

In Defense of Subprime Loans, Part I

Friday, August 21st, 2009, by

Be careful what you wish for. Just as generals are always fighting the last war, so also are the oversight and regulatory agencies. In their zeal to punish all wrongdoing,  they have caused considerable  damage to the nascent recovery. Case in point—- the stated income loan. You may know it more by its colloquial nickname….the […]

Conflict Resolution, Part II

Thursday, August 20th, 2009, by

Surely there must be a more viable model of adviser compensation that aligns the interest of both adviser and client. Here are three options worth considering. 1.  Hourly fee consultation This is ideal for discrete and limited advisory services, such as a plan for college funding, or retirement account rollovers. This option makes sense for […]