Posted by
Doug Wolkon on January 7, 2009 at 8:51 am
So what is an Economic Detox? Raw green vegetables consumed through a straw is the food equivalent. Think diarrhea. I know what you are thinking, “yuk”. But as Wall Street has learned the hard way, we have no choice in the matter. Our economy is detoxing whether we like it or not; dropping our excess weight in order to regain our balance; flushing our obese corporate and government costs down the toilet in support of the long-term prosperity of the quicker, lighter, faster and more profitable Mom and Pop entrepreneurs. Continued »
Posted by
Doug Wolkon on October 28, 2008 at 11:05 pm
The American Dream once strongly stood for ideal freedom. For as a child in America, we are so fortunately nagged about what we want to be when we grow up: a fireman? an astronaut? or how about an entrepreneur? The American Dream meant career choices for everyone in America!
But somehow our freedom of choice that once so clearly encompassed the American Dream changed. Not sure when or how, but it clearly changed. For as I grew older, the American Dream became all about owning a home. What house, in what neighborhood, with how many bedrooms was all that we seemed to dream about. But then suddenly, the dream became a nightmare. Continued »
Posted by
Doug Wolkon on October 13, 2008 at 11:34 am
They say that believing and knowing are two different things. Believing may be exciting or hopeful, but it is without the logic of knowing. To figure out the difference, lets ask ourselves some questions about the economy?
Do you believe that our banks are lenders, or do you know that they are borrowers?
Do you believe that our money markets are risk-free, or do you know that funds were lent to Lehman Brothers and AIG?
Do you believe that solar energy is more expensive than “alternative” forms, or do you know that silicon, the natural resource used to make Solar Panels, is the second most abundant element on earth after oxygen? Continued »
Posted by
Doug Wolkon on August 11, 2008 at 3:15 am
So how much paper money is out there anyway. Does it matter that every time The Wizard of Oz (The Fed/government) decides to bailout a financial institution like Bear Stearns, Lehman, Fannie or Freddie, they have to print more and more money. What is behind this printing of money and how do they do it? Continued »
