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Why Current Inflation Hurts So Much?

Franklin @ February 14, 2008 # 7 Comments

The other day I wrote at www.tradingurus.com that the current inflation rate is historically low. That article was geared towards investors, and pointed out that the current administration has a lot more room to give money away to avert the current financial crisis. By the way, the idea behind www.tradingurus.com is that since American workers […]

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How Your 401k And IRA Rob You

Franklin @ December 8, 2007 # No Comment Yet

“Don’t worry about a thing;” said my doctor, “I have an excellent risk management program for your health.”

“Great, that sounds great,” I said, “I like avoiding risk. What are the risks you see in the management of my health?”

“Well, you know, the functioning of the human body is a mystery, it is random. So the most important thing is to medicate you for different possible diseases and go around changing the medication as I see you evolve.”

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The Rags To Riches Trap

Franklin @ December 7, 2007 # 2 Comments

We are impressionable animals. Our biology evolved to help us pay attention to the unusual in the pattern.

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Bush Aid to Mortgage Holders only Aids Wall Street

Franklin @ August 31, 2007 # 2 Comments

As I pointed out yesterday, the administration is using the current crisis to strengthen Wall Street’s position in the biggest land-grabbing scheme since the XIX Century. Although it’s hard to analyze what Bush actually wants to do (he only said he was going to do something in the future), there are some inferences than can […]

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Inside the Countrywide Lending Spree

Franklin @ August 26, 2007 # No Comment Yet

Great story at the New York Times Countrywide Financial systematically led people to high-cost mortgages that were not suited for them, some former employees say. “But providing “the best loan possible” to customers wasn’t always the bank’s main goal, say some former employees. Instead, potential borrowers were often led to high-cost and sometimes unfavorable loans […]

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