“Dow Below 10,000 For The First Time Since 2004!”
“Dow Below 9,000 For The First Time Since 2003!”
“Dow Tanks Record 800 Points in One Day!”
Do these headlines look familiar?  You can’t go to a news site or watch a news show without seeing it.  The importance of the matter is intensified once the likes of Saturday […]

Normally a highly advanced topic which would require some prerequisite courses, recent events and a reader request have pushed Short Selling to the front of the College of Weakonomics agenda.
Short selling is the exact opposite of buying stock.  You purchase stock because you expect the price to go up.  Let’s say I buy Wachovia stock […]

This morning’s post, if anything, was depressing.  Someone sent me a little joke that I think helps relax the tension of the times.  You may have seen this, but it’s new to me.  Have a giggle, it’s good for you.
If you purchased:
$1,000 of shares in Delta Airlines one year ago, you will have $49.00 today.
If […]

I loved “Bill Swerski’s Superfans” as a lad.  They were a Saturday Night Live skit (6 minute video) featuring fat people from Chicago.  Along with a thick mid-west accent and appetite for sausage, they were huge fans of Chicago sports.  Notably, “Da’ Bulls and Da’ Bears”, but also the Cubs, White Sox and others including […]

Remember some weeks back I did a weekend edition on Qvisory?  They are basically an AARP for my generation (18-34).  They have a blog, and up until September 23 it was a pretty good blog.  But they seem to think I know what I’m talking about and asked me to re-post some of my blogs […]

The Earned Assets Resource Network is a non-profit designed to help low-income families get some savings.  Though based in San-Francisco, various comments on other blogs indicate similar non-profits exist around the country.
The program is not for the wasteful.  In fact I don’t think any readers on this sight would be able to qualify.  The […]

 
 What is FDIC Insurance and how does it work?  Why do my tax dollars pay for FDIC Insurance?
FDIC stands for Federal Deposit Insurance Corporation.  It was formed in 1933 by the Glass-Steagall Act.  Don’t confuse corporation though, you won’t find them on the New-York Stock Exchange.  They are a government entity, but remain independent.  Similar […]

Yesterday, I went on a quick rant about the automobile industry.  Nothing too harsh, just saying the entire process of buying a car is broken.  I may have also mentioned I don’t care if you want to defend the process, it either makes you a fool for participating or a jerk for contributing.  Now there […]

Originally planned to be a couple of separate posts on similar but different subjects, I’ve decided to just re-write the thing and take it in a different direction. Naturally it ended up being two posts, I’m weird like that. This all happened after reading a post by a commenter on JD Roth’s Get […]

You think you’ve got it bad?  You probably don’t but you know someone who does.  If there is one thing I’ve learned in my time at my bank, its that the wealthy are no better off than the rest of us.  Of course we know all the BS about having more money not making you […]