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Transforming a Mortgage Deadbeat is Harder than You Think 22 Jun 2012 | 07:29 am
I have “mortgage modification” fatigue. More specifically, I am tired of reading about government attempts to magically transform a mortgage non-payer into a responsible credit user. The basis for my...
The Sad Decline in Personal Net Worth 12 Jun 2012 | 09:45 am
The Federal Reserve does at least one thing well: Finding economic bad news and sharing it with us. This week’s bad news is about personal net worth. As you probably guessed, it’s down – way down. Ac...
Police Repel Moronic Sneaker Buyers 25 Feb 2012 | 05:33 am
It is hard to decide which is more stupid – paying north of $200 for sneakers or rioting to be the first in line to do so. Is there much hope for an economy that continues to be based on wanton consu...
Obama Gets an “F” in Tuition Economics 29 Jan 2012 | 05:56 am
The vote buying season is in full bloom, manifested by President Obama’s speech decrying the rising cost of a college education. The President is a smart man. Why does he embarrass himself this way? ...
Credit Cards are Bad for Your Financial Health: It’s Science 30 Nov 2011 | 07:03 pm
I am one of the few credit card haters among personal finance bloggers. Most of my blogging colleagues advocate their use to gain cash back “rewards.” Many bloggers go beyond mere use advocacy – they ...
Black Friday Sanity v. Consumer Craziness 17 Nov 2011 | 11:27 am
An entire mini-industry has been constructed around Black Friday, our newest national holiday. Much more is written about Black Friday deals, leaks, strategies, and other craziness than is written abo...
Obama Buying Votes instead of Prosecuting Fraud 25 Oct 2011 | 03:22 am
A sinking President Obama is trying to buy votes from those who are already underwater. It is a waste of valuable government time and resources that could be better used. The federal government has n...
Businesses that Should be Taxed into Oblivion 7 Oct 2011 | 02:56 pm
My general view of government is that sticks its bureaucratic nose into too much of our personal business. There are exceptions, one of which I was reminded of during a recent visit with my cousin in ...
Is Consumer Stupidity Incurable? 22 Sep 2011 | 12:18 pm
I saw this headline and had to comment: Banks continue to rake in huge amounts in overdraft fees. Wait – it gets worse when you read the specifics: Banks and credit unions received $30.8 billion in o...
