I travel quite a bit, for business and for pleasure, and as I travel across the country and globally, I am continuously amazed, but not surprised, at the amount of discussion (more like complaining) around the economic condition today. Whether the markets are up or down, someone will always be happy and another will be…
With existing home sales at a nine-year low, the housing market is the weakest link in the United States’ already weakened economy. And there doesn’t appear to be much cause for optimism as we enter spring, the unofficial house selling season. Spring is peak season in the real estate industry and, despite a fall in…
Considering our recent banking, and real estate bubble and all this talk about whether the 2 year run in gold is actually a bubble has me thinking about what were some of the bubble in our history? What financial bubbles did our ancestors have to deal with? What is an Economic Bubble? According to Wikipedia,…
Law of Diminishing Marginal Utility I got on the subject of Law of diminishing Marginal Utility with The Wife today, a theory which I was able to explain to her today in english. Despite it being an economic theory (read: usually hard) it is quite easy to understand. First thing is first - utility means satisfaction. Investopedia defines the Law…
I started this blog so I can post about all things to do with money – including personal finance, economics and taxes. I think I have blogged about ad naseum (hahah had to fit a little Latin jargon in there) about taxes and personal finances but very little about economics. Notwithstanding, I had voiced my opinion about…
I know the title may be a tad dramatic, but I read an article from The Economist where the Author makes note that the deficit had been reduced (from 2004 to 2007) by, at least in part, due to the increase in income taxes from the wealthy getting wealthier in this country. Take a moment…
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