Boulder to London

Damn…can’t we find better ways to spend taxpayer dollars? While I can follow and maybe even support the argument that we need to bailout banks to prevent a cascading effect that shuts down the entire economy (although I could also argue that the bailout didn’t achieve the desired impact), bailing out automakers seems ridiculous. [...]

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This is an interesting documentary on the current credit card and debt situation in America.  If you saw “Fast Food Nation”, this is a similar sort of view on consumer debt in the US.  I’ve only seen the first half an hour or so, but it looks very informative and educational.
View it here: In Debt We [...]

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It’s been a tough couple of days on the stock market and I’m glad I still have a day job so that I don’t have to live off of my battered retirement account.  I thought the 100 and 200 point daily swings were a wild ride, but it now seems like we need 500, 700 [...]

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A fun email circulating trading desks, worthwhile as an informal measure of sentiment:

CEO –Chief Embezzlement Officer.
CFO– Corporate Fraud Officer.
BULL MARKET — A random market movement causing an investor to mistake himself for a financial genius.
BEAR MARKET — A 6 to 18 month period when the kids get no allowance, the wife gets no jewelry, and [...]

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I’ve been following the news on the US financial situation very closely from abroad and am concerned with the bailout that is currently on the table and likely to be approved. As with any government intervention, this is going to interfere with the workings of a pure capitalist system and prevent the purge that [...]

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