I wandered into the Motley Fool website shortly after 2008 had just begun. My LPO on my first ship had lent me one of TMF's excellent books, and I was so relieved that I could make sence of it without getting a headache, I decided to checkout their website. [more]
First off, I'm not what you might call a 'gold bug'. Aside from the family signet I wear on my left hand, I have never owned any gold. Not one once. But after reading all the posts about how loco the gold bugs are, I started asking myself why I still found it an appealing thing to own, and why some of the most savvy economists I know of support it so staunchly. Myself pointed out the following reasons: [more]
So, how many people are still paying for their houses these days? I'm curious to know how many Americans have houses, but don't OWN them. With interest rates being dropped, that might make it easier on owners, but with them doing everything they can think of to raise prices, not much incentive to buy.
I'm curious to hear what anyone else thinks.
Let me test my understanding here: [more]