This blog is about Debt.  Our leaders in Washington are about to strap us with a bucket load of debt.  Debt that will be with our grandchildren, even though the Government anticipates making a profit.  Make no mistake there will be a bunch of arms twisted, and We Will Have A Bailout Bill soon.  The [...]

The Dow Jones Industrial Average fell over 777 points today.  This is the largest one day point drop in history.  However, the percentage drop is not the worst in history although it is significant.  I must admit that it was very difficult to work while history was being made.  While I was glued to the television [...]

This week, Presidential Candidate, Senator Barack Obama, stated that the Big Three Automakers, Ford, General Motors and Chrysler, would probably need an infusion of about $4 billion to build the cars that Americans will need in the future.  The Senator was correct in that a cash infusion is necessary and he may even be correct on the amount [...]

A recent article in the Wall Street Journal demonstrated what has been going on in Sin City, Las Vegas, Nevada. As the saying goes, “What happens in Vegas Stays in Vegas”, unless it is financial news.
It seems the Summer slow-down began in April, and it has been getting worse. This news is not [...]

While speaking with a client yesterday, I explained the difference between good debt and bad debt. I used to think that all debt is bad, and I still do at times. In a nutshell, good debt is the debt you have on an asset that is appreciating, like your home or a loan [...]