Bleak fall of the $100 billion mortgage bubble

October 29, 2010


We’re entering the “Bleak House” period of the mortgage bubble. The action has shifted to the courts. Worse, it will drag on for years and cost hundreds of billions of dollars.

A ‘pure’ savings plan for college can still work

October 25, 2010

A graduating senior waves as she arrives at the commencement for Barnard College, where U.S. Secretary of State Hillary Clinton spoke, in New York, May 18, 2009.  REUTERS/Chip East You can still put aside enough money for college if you save. Is this the latest American myth?

How I beat Yale’s David Swensen

October 19, 2010

YALE/INVESTMENTIt’s not every day that one’s portfolio beats David Swensen, the great money manager of the Yale endowment.

Hollywood’s Hagman un-fleeces Wall Street

October 15, 2010


It would be great if investors who got fleeced by a bad broker got most of their money back like Larry “JR Ewing” Hagman.

Don’t hold your breath on home appreciation

October 11, 2010

FINANCIAL/MORTGAGESYou may see two full moons in a month before home prices start rising again across the U.S. The rip tide of a huge home inventory, increasing foreclosures, unemployment and more bank woes continue to roil the housing market in most regions.

The bailout was a bust for most taxpayers

October 4, 2010

Was the bailout of the U.S. banking, auto and insurance industries worth it?

As the Troubled Assets Relief Program comes to a close, I won’t be popping any champagne corks. The Federal Reserve and U.S. taxpayers are still owed at least $2 trillion and at least two black holes remain in the bailout scenario.

Top investment scams gone wild

October 4, 2010

MADOFF/BAILIt’s not hard to find the hottest investment scams. Just read the business headlines. What’s making money?