Boom2Bust.com Boom2Bust.com The Most Hated Blog On Wall Street. Boom2Bust.com is an independent financial blog that seeks to warn and educate its readers about the coming U.S. financial crash. Articles
Where Have You Gone, Joe McCarthy?
2008-02-18 01:54:00 ?Our nation turns its lonely eyes to you.? Not really? but I wonder what the Senator would say if he found out the U.S. government may be taking a page out of the Soviet playbook when it comes to suppressing information from the American public. No, this isn?t conspiracy mumbo jumbo. On ...
Quote For The Week
2008-02-17 23:00:00 ?All truth passes through 3 phases: First, it is ridiculed. Second, it is violently opposed, and Third, it is accepted as self-evident.? -Arthur Schopenhauer (German philosopher. 1788-1860) Share This More About: Week , Quote
Signs Of The Time, Part 4
2008-02-15 21:30:00 ?The only thing more expensive than education is ignorance.? -Benjamin Franklin (Founding Father. 1706-1790) Americans on the street are interviewed. I don?t know whether to laugh or cry while watching the video from YouTube. ?Were we even in the Vietnam War?? Share This More About: Time , Signs , Part , The Time
TGIF
2008-02-15 20:24:00 As everyone winds down their workweek, how about a little fun? For a long time, my weekend ritual used to go like this: Saturday- watch college football, Sunday- watch NFL, visit drinking establishments here/there, nurse hangover(s), the end. As I?ve gotten older, I?ve haven?t been able to watch as much American football as I once ...
The Tax Rebate: Spend Or Save?
2008-02-13 23:11:00 It?s official. Earlier today President Bush signed a $168 billion ?economic stimulus? package that will extend rebates to American taxpayers, give tax breaks to businesses, and make more-expensive mortgages available through government and government-sponsored mortgage finance companies. Approved by lawmakers last week, the package provides a tax rebate of up to $1,200 per ... More About: Save , Rebate
Having Fun? At Housing?s Expense
2008-02-13 19:54:00 This morning I came across the following post on Yahoo! Answers. I?ll let you decide whether the author was joking or not. The replies, however, were both serious and goofy (to say the least): How can I buy a house that I cannot afford. All my friends are buying houses, I WANT IT ALL !!? I?ve been ... More About: Housing
Weird Housing Tales, Part 3
2008-02-12 18:28:00 According to Reuters yesterday, a member of the luxury home builder Toll Brothers? founding family is trying to walk away from an agreement to buy a new condominium— from Toll Brothers. Martha Graybow wrote in ?Toll relative walks away from new condo ? filing? that: The daughter of Vice Chairman and co-founder Bruce Toll informed ... More About: Weird , Housing , Tales , Part , Part 3
Turning Japanese
2008-02-12 17:59:00 I was afraid this would happen. Back in 2005, I read an article on the Investment U website entitled ?The Real Estate Bubble End Result: Is a Bust Headed This Way?? On March 28, 2005, Dr. Steve Sjuggerud talked about the Japan ese housing bubble that popped in the late eighties, and the prospect ... More About: Japanese , Zillow , Mortgages , Bubbles
Signs Of The Time, Part 3
2008-02-12 05:00:00 While pulling up research for an earlier post, I came across the following in MarketWatch from February 5. Thomas Kostigen, in ?The inheritance bust: Big boomer windfall not materializing the way many planned,? noted that according to a new Consumer Wealth research report by Tiburon Strategic Advisors: Many people expect to get pensions but, curiously, ... More About: Retirement , Time , Signs , Part , Part 3
Can Boomers Save The U.S. From Recession?
2008-02-12 03:44:00 As the United States teeters on the brink of recession, some wonder if the Baby Boomers can rescue us through their propensity to spend. A Reuters piece that appeared in the New Zealand Herald on February 8 tried to answer this question. According to Reuters: Retirement is fast approaching for many of the 76 ... More About: Save , Recession
Wall Street May Know ?Within A Week? If Recession
2008-02-11 22:24:00 According to the Times Online (UK) today, Wall Street may know within a week if the United States has entered into an economic recession. Suzy Jagger wrote this morning that: Wall Street, however, may decide by the end of this week whether the US is in a technical recession, with key data on payrolls, industrial ... More About: Economy , Government
Quote For The Week
2008-02-11 05:17:00 If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State ... More About: Week , Quote
The Dollar: No Longer The Universal Tourist Currency?
2008-02-11 05:00:00 Last week I heard that some stores in New York City were starting to accept payment in euros, and in some cases, the British pound. While some news outlets insinuated this was yet more proof of the dollar?s decline, I saw it more as a ploy by the stores to draw foreign shoppers by ... More About: Euro , Dollar , Currency , Universal , Currencies
Merrill Lynch, Morgan Stanley Talk Recession
2008-02-08 21:49:00 Last night Reuters reported that despite U.S. monetary policy easing, equity and credit markets are suggesting it?s too late to avoid a recession, according to economists at Morgan Stanley. Analysts Luca Bindelli and Stephen Jen said in a research report that those markets suggest: ?it is too late to avoid the inevitable. Indeed, the ... More About: Economy , Stocks , Credit , Inflation
Betting The Farm On A Farm
2008-02-08 16:45:00 Even though I live in the concrete jungle, I?ve heard that farmland prices have been doing phenomenal. On Monday, Lynn Hicks and Jerry Perkins of USA Today wrote that even though U.S. home prices continue to slide, the value of farmland is setting records. They noted: Demand for grain for food, fuel and export, ... More About: Economy , Commodities , Energy , Dollar , Currencies
Mr. and Mrs. Too Much Home Buyer
2008-02-07 19:45:00 Do you like Bud Light?s ?Real Men Of Genius? commercials (previously ?Real American Heroes?)? You know, ?Mr. All You Can Eat Buffet Inventor? and ?Mr. Really Bad Toupee Wearer.? For a good laugh, check out ?Real Financial Heroes: Mr. and Mrs. Too Much Home Buyer ? on YouTube (thanks HousingPANIC). Double-click on the ... More About: Homeowners
Growing Number Of Economists Say Recession Is Here
2008-02-07 18:51:00 Earlier today, MarketWatch reported that Nigel Gault, U.S. chief economist for Global Insight, now believes the U.S. economy is in a recession. Massachusetts-based Global Insight is recognized as the most consistently accurate forecasting company in the world, with over 3,800 clients in industry, finance, and government. In a research note released Thursday, Gault ... More About: Growing , Recession , Economists , Number
No Signs Of Housing Recovery
2008-02-07 17:25:00 The National Association of Realtors released their latest housing numbers this morning. More bad news. Home prices are likely to decline in 2008 for the second straight year. According to CNN Money, the Realtors, in their monthly economic and sales outlook, are forecasting a 1.2% decline in the prices of existing homes ... More About: Recovery , Signs , Housing
State Budgets Hit Hard By Housing Bust, Slowing Economy
2008-02-07 00:17:00 Back on January 28, I read in Bloomberg that the Washington D.C.-based research group The Center on Budget and Policy Priorities announced half of all U.S. states were projecting budget deficits for the next fiscal year as the U.S. economy slows and tax revenue disappears. According to their report (revised on February 1): At least ... More About: Economy , Government , Taxes , Politicians , Employment
Polls Show Concerns Growing About U.S. Economy
2008-02-06 18:31:00 Two recently-released surveys jointly-conducted by ABC News and the Washington Post depict just how negative Americans? attitudes have become about the economy. Last night, MarketWatch reported that a weekly survey of consumer attitudes on the U.S. economy fell to its lowest level since late 1993. The ABC News/Washington Post consumer comfort index fell ... More About: Economy , Show , Polls , Growing , Concerns
There?s Always Grad School
2008-02-06 01:06:00 It was Spring 1993. I was in college, and had just returned from a night out with a girl I?d been seeing. I asked Laura what her plans were after graduation. She reminded me, ?I?m a marketing major. I know, I won?t be getting any job offers, so don?t laugh.? ... More About: School
Quote For The Week
2008-02-04 05:27:00 The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or notes for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation ... More About: Week , Quote
Gold: Not So Precious? Part 3
2008-02-04 05:00:00 In part one of this series about gold as an investment, I talked about some alleged drawbacks of the precious metal as noted by two Wall Street Journal reporters. In part two, I discussed the points made by Jonathan Burton in his August 15 Journal piece. Today, I?m going to talk about the allegations made ... More About: Gold , Part , Part 3 , Precious
Gold: Not So Precious? Part 2
2008-02-02 05:55:00 Yesterday, I brought up two Wall Street Journal articles that talked about gold as an investment. In the post, I discussed some of the precious metal?s alleged shortcomings, as pointed out by Jonathan Burton and Eleanor Laise. Today, I?ll take a closer look at some of these ?drawbacks.? In his August 15 Journal piece, Jonathan Burton ... More About: Gold , Part , Precious
This Is The Day
2008-02-01 17:45:00 Happy first of the month. It?s a great day to stay in and blog here in Chicago, as everything is buried under snow at the moment. There?s a ton of material I want to talk about, but before I start, I?m going to dedicate the following YouTube video to one of Boom2Bust?s readers, ... More About: Employment , Unemployment
Gold: Not So Precious? Part 1
2008-01-31 23:28:00 Last summer, I came across an article in the Wall Street Journal that talked about diversification in an investment portfolio. On August 15, Jonathan Burton wrote in ?What Your Portfolio Really Needs? that stocks and bonds are essential to a diversified portfolio. He also suggested that real estate would be ?nice to have.? On real ... More About: Gold , Part , Precious
The Next Bubble?
2008-01-30 23:42:00 One text that helped shape my outlook on the U.S. economy was America?s Bubble Economy : Profit When It Pops, by Eric Janszen, Cindy Spitzer, David Wiedemer, and Robert Wiedemer. In the book, the authors argued that not one, but several financial bubbles exist simultaneously in the United States. These bubbles interacted with each ... More About: Stocks , Energy , Inflation , Interest Rates
Rate Cuts: Fastest Easing Of Monetary Policy Since 1990
2008-01-30 22:15:00 Surprise, surprise. This afternoon, the Federal Reserve lowered the federal funds rate by 50 basis points to 3%. U.S. financial markets were hoping for a rate cut of this magnitude, and stocks responded by shedding earlier losses and climbing higher. The Fed also announced that it was cutting its discount rate (the ... More About: Economy , Government , Stocks , Wall Street , Monetary Policy
The ?Dream? Of Homeownership
2008-01-30 05:00:00 Back on December 16, 2003, President Bush talked about the importance of homeownership to the national interest: This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if ... More About: Dream , The Dream , Homeownership , The-Dream
Signs Of The Time, Part 2
More articles from this author:2008-01-28 20:52:00 I once read about a survey which showed 90% of managers at one company felt their ability to communicate with subordinates was ?exceptional.? Ironically, the same poll revealed 90% of employees said management needed significant work on improving their communication skills. But, what good is communication if you don?t trust what?s being said? According to ... More About: Time , Signs , Part , The Time 1, 2, 3, 4, 5, 6, 7 |
|
 |
|
 |
