Category Archives: Economics

Economist Thomas Sowell Publishes New New Book – Economic Facts and Fallacies: Second Edition

Here’s the new book on Amazon.com. Dr. Tom Sowell was on Dennis Prager’s radio show today. Dennis: “Are we headed towards Greece [style bankruptcy]?” Tom: “Yes.” “The debt ceiling has not limited debt. It provides political cover for presidents to … Continue reading

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Obama Has Produced The Worst Economic Recovery Ever

From IBD: There are 2 million fewer private-sector jobs now than when Obama was sworn in, and the unemployment rate is 1.5 percentage points higher. • There are now more long-term unemployed than at any time since the government started … Continue reading

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Blowing Through Your Inheritance

A Catholic priest who converted to Judaism said: “Teaching is a rewarding task, but in America a teacher is a long way down the community ladder. He has no prestige or vital influence. American Jews in particular find it difficult … Continue reading

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Reasons For The Texan Economic Boom

How is the real estate market different in Texas than in California? Well, much of California’s land, particularly by the coast, is off-limits to development. With less land available to develop, land prices in California have skyrocketed over the past … Continue reading

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Homeowners In Distress Get A Break

I fail to be heartbroken that millions of Americans bought more home than they could afford and that they are now struggling to stay in it. Why should I care about people’s bad financial decisions? Why is the decision to … Continue reading

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More People Renting, Fewer People Owning

I cover real estate, refinance and mortgages here: Home Values Fall As Foreclosures Rise Time To Raise FHA Downpayments? Perverse Incentives In The Housing Market Retiring Fannie Mae, Freddie Mac Who Profits From Jumbo Mortgages? Do You A Debt-Free Retirement? … Continue reading

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The Housing Boom and Bust: Revised Edition by Thomas Sowell

Get the book here. People charged higher interest rates than average also have higher rates of payments, defaults and foreclosures. The market has accurately assessed the risks. (Pg. 6) From Pg. 16-17: While housing payments often made up more than … Continue reading

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Endgame: The End of the Debt SuperCycle and How It Changes Everything

On his radio show today, Dennis Prager talks to John Mauldin, renowned financial expert and analyst. His free weekly e-newsletter, Thoughts from the Frontline, has over a million subscribers. His new book, already a best seller, is Endgame: The End … Continue reading

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The Great American Bank Robbery

On his show today, Dennis Prager said, “I’ve been blessed with great friends and all of them beat up on themselves at times. Yes, you can do it too much, but that person is going to be a better person … Continue reading

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What You Can Do About Identity Theft

Denis G. Kelly is formerly an executive in the banking industry that witnessed first-hand the horrific effect of identity theft both on individuals and society. Mr. Kelly decided to proactively fight this crime by providing education, training and community outreach … Continue reading

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