Bond buyers are finally calling the U.S. Treasury’s bluff – what does this...
There was a mini panic in the financial markets recently when the 10 year and 30 year U.S. Treasury yields rose significantly in one day. The 30 year bond’s yield is now over 4.5%. This is due to the...
View ArticleThe immigrant mentality and homeownership – why it can be a dangerous...
Amidst the housing crisis I have read many stories about how many immigrant minorities were “duped” into borrowing ridiculous amounts of money for homes that they could not possibly afford. An example...
View ArticleMy memories of 9/11
It has been eight years, but I still remember a lot of details from that tragic day of 9/11/2001. I was barely 18 and just moved into the dorms at UC Berkeley. My roommate was a jovial Arabic girl from...
View ArticleWho benefits from the Obama tariffs on Chinese tires?
If you haven’t heard by now, President Obama heeded the complaints of the United Steelworkers’ union and slapped a punitive 35% tariff on Chinese produced tires. This has sparked anger in Beijing and...
View ArticleCould you save money with Obamacare?
If you have not heard, the monstrous 2000 page healthcare bill has passed in the House. It will be debated in the Senate soon, but chances are it will pass in some form. I am not going to go on about...
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