Category Archives: Viewpoint
Pure Insanity…
I need to vent. Not something I normally do too much of…OK…my wife was out of work due to COVID-19 for over a month and we were not able to secure any money relief from the State of Arizona because … Continue reading
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Did you know???
Well… it’s ALL bats to me! Many theories have been advanced to explain the origins of the novel COVID-19 coronavirus that emerged in Wuhan, China, in late 2019, ranging from the prosaic finding that it was merely a natural mutation … Continue reading
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No, This Is Not Another 1929, 1973, 1987, 2000, or 2008
Basing one’s decisions on analogs from the past is entering a fool’s paradise of folly. Like addicts who cannot control their cravings, financial analysts cannot stop themselves from seeking some analog situation in the past which will clarify the swirling … Continue reading
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Here Comes The Next Crisis: Up To 30% Of All Mortgages Will Default In “Biggest Wave Of Delinquencies In History”
Unlike in the 2008 financial crisis when a glut of subprime debt, layered with trillions in CDOs and CDO squareds, sent home prices to stratospheric levels before everything crashed scarring an entire generation of homebuyers, this time the housing sector … Continue reading
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Why Americans Don’t Have Any Savings
In response to a likely worldwide recession, governments have turned on full blast the fiscal and monetary spigots. A $2 trillion spending plan has just been approved in the USA, central banks are on a buying spree, and the $1200 … Continue reading
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The US Will Never Get Back to Pre-Coronavirus Spending Levels, History Suggests…
… and that means trouble – with a capital “T” Not only does the US government never pay back what it has borrowed, somehow the emergency stimulus spending always becomes the new normal. It just took a couple of weeks … Continue reading
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A Rational Look at the So-Called Covid 19 – Pandemic
What is yet to come will be a devastating collapse of the economy of the US, due to the suspension of normal economic activity for so many months… 2,835,205 Americans died in the year 2018. (Source: National Vital Statistics System). … Continue reading
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JUST My Opinion ~ Nothing More
I’m no economist, but I’m not stupid either. I have two eyes, and I have a brain and I use them both; and they tell me that something is going on right now in regards to our economy; particularly the … Continue reading
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