Here we are coming in to the last week of February 2010.  From all appearances it would seem that things are getting better. 

Indeed if you listen to the main stream media and the Obama administration they would have you believe that the worst is over and recovery is nigh. 

"The next Depression has been avoided" is what we hear.

The only thing I can say about that is I truly hope for their sake they are correct.  If things play out ... Read More

Wow and I thought I had a bit of a negative slant on where we were headed economically as a nation.  I catch some flak from friends who tend to see things a bit more optimistically than I do.  However, after a tough day in the markets today and with the DOW falling below 10K for the first time in a while, I felt it was time to take stock again of where we may be  headed next. 

After almost feeling a bit better about our prospects, I run across this articl ... Read More

Seems like many in the main stream media are finally coming to the reality that walking away from your mortgage may be the best thing for you to do depending on your situation. 

For months now we have heard the bullshit line from the administration and concerned economists that walking away is somehow "immoral" or "wrong".  A mortgage is nothing more than a contract.  By walking away you are not getting off scott free.  You are losing your home.  Jus ... Read More

Among all of the happy talk in the media, all the green shoots and the ever rising stock market, it is nice to see Deutsche Bank come out with such a happy forecast.  Gee, only about half of the mortgages in the U.S. will be upside down by 2011.  That is about double what the current rate is for you sports fans keeping score at home.  Really, check it out.  We couldn't make this up.

I guess that means since bad news is good news these days that we can expe ... Read More

And I think you know what we mean when we say "tool".  Old Dennie boy was up to his antics again last night.  He was calling out all of the bloggers who dissed his "recession is over" call as mean spirited, bitter, recluses basically because they disagreed with his idiotic call.  He issued a challenge I guess to a few of these writers to come on his show and "debate" him on his call. 

Evidently only one person took him up on his offer, a gentleman named " ... Read More