Allure of Low Interest Rates

Many of the recent news reports indicate home price increases across the country, especially in areas hit the hardest such as the southwest.   Mortgage payments are now more reasonable in comparison to rising rents.   This produces a perception of affordability for...

Doomsday Prophecy

When a former White House Budget director who famously never balanced the federal budget suddenly claims to have special powers to forecast a major economic crisis, it’s hard to understand why anybody pays attention.  But recently David Stockman, who served as...

Strong out of the Gates

The investment markets offer no guarantees; you lay your money on the table and take your chances.  In the first quarter, those who placed their bets that U.S. stocks would enhance their wealth – plus, of course, those of us who stayed the course with our...

Frequently Traveled Path

With the resolution of the Cypriot banking crisis, the US sequestration reducing expenditures by $80 billion and moving the debt ceiling reckoning months in the future, the path our politicians are taking is quite apparent.  Rather than coming together for a grand...
Island of Debt

Island of Debt

The Republic of Cyprus, with a population of just over 1 million people (slightly more than the city of San Jose, CA) would seem an unlikely place to trigger a global financial crisis.  The island nation in the eastern Mediterranean Sea is divided by a U.N.-monitored...

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