26 Aug
Posted by: The Weakonomist in: banking, college of weakonomics, economy, government, industry, loans
You’re on the lawn of a 2,200 square foot house. You’re sipping cold water from those tiny 8 oz bottles your Realtor gave you at the beginning of your venture. You look at your spouse and smile, this is home. ”I’ll take it!” you say with pride. Your spouse shoves their elbow in your side […]
25 Aug
Posted by: The Weakonomist in: banking, economy, government, investing, loans
There’s a great debate going on in the various offices in Washington lately. If Fannie Mae and Freddie Mac go down, should we bail them out? You know me, I’m not one for opinions but I might include my two and a half cents. Read on and see that advantages and disadvantages of bailing them […]
20 Aug
Posted by: The Weakonomist in: economy, government, loans
The headline is in quotes because I stole it from Jeanne Sahadi’s article on CNN Money. I read the first few paragraphs of the article and almost became enraged at how blind the author was to write such crap. As I continued down the page though her point became more and more fundamentally true. The […]
19 Aug
Posted by: The Weakonomist in: college of weakonomics, economy, government, personal finance
Never say never, but it will take a serious change in our culture to bring about an end to the use of money all together. Let me explain how our society works.
Despite what you may have convinced yourself of, your primary quest in life is the accumulation of money. Nothing else matters until you’ve accumulated […]
15 Aug
Posted by: The Weakonomist in: Uncategorized, economy, government, industry, investing
Every 4 years the media tells us which Summer Olympics athlete we should fall in love with. This year, as in 2004, we are to fall in love with Michael Phelps. This is fine by me, as I was a swimmer myself at one point. In high school I was a Varsity swimmer, and was […]
14 Aug
Posted by: The Weakonomist in: college of weakonomics, government, lists, personal finance
If you’ve been reading the blog since the beginning, you’ll know I have a beef with Social Security.
Think about it, its the 1930’s, you haven’t worked in 18 months, your savings is gone, you have 3 hungry children and a wife, and the president just suggested a program to get you money that blurs the […]
13 Aug
Posted by: The Weakonomist in: college of weakonomics, government, personal finance
Over 7 decades ago President Franklin Roosevelt signed the Social Security Act into law as a part of the New Deal. While Social Security does provide other benefits, most notable for disability, we’re going to focus on the retirement aspect.
So what does Social Security do for you? Basically, money is taken out of your paycheck […]
09 Aug
Posted by: weakonom in: books, government, jobs, personal, weekend edition
I hope you enjoyed my book reviews. From the looks of things over the last week, you didn’t. No matter. I don’t do many book reviews. Of the 3 books I read this past week, only one is relevant to our subject matter, a review will probably show up sometime in […]
08 Aug
Posted by: The Weakonomist in: books, economy, government, industry, personal
As promised, and I know you’ve been ancy all week, here is a short list of books I want to read. You won’t really find personal finance books on Weakonomics simply because there is too much redundancy. If you don’t understand the basics of investing by now its because you haven’t tried to learn. Read […]
05 Aug
Posted by: The Weakonomist in: banking, books, economy, government, industry, investing
Another book with a really long title: The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy . That sure is a lot to live up to, and this book doesn’t quite get there. Its less of a short biography of each man and more a history […]
Weakonomics is the antithesis to traditional personal finance blogs. We bash the media, provide insider commentary on the financial services industry, and educate readers on the matters of finance in our every day lives. It is brought to you by an insider that thinks like an outsider.
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