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November 2008



The truth about the dollar

November 14, 2008 – Comments (6)

A lot of people don't know that I read and even agree with what dwot says about deflation. To sum up briefly (and not do it justice): people and institutions borrowed a veritable ocean of money that didn't really exist in the first place, and much of that was used to bid up the price of stocks and houses, and now that money is going away through bankruptcy, tighter lending standards, etcetera, and that causes massive deflation, particularly to stocks and houses, which have been dropping in price, and likely will continue to do so.  [more]



One thing you should read before you vote

November 01, 2008 – Comments (21) | RELATED TICKERS: FNMA , FMCC

Follow this link. Thomas Sowell tells you what you need to know. (It's 4 weeks old, but hey, I haven't been online much this past month, so cut me some slack, okay?) So if you haven't already voted, or you're planning to vote some more, check out this article first.

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