Financing Failure
The government has now given Freddie Mac and Fannie Mae the green light to refinance homes at up to 125% of their value. This policy is simply incredible. The government, through these two quasi-governmental organizations, is re-creating the circumstances that have caused hundreds of thousands of Americans to walk away from their homes, mailing their […]
The Price of Diamonds
I have always found that the price of diamonds is really a good indicator of how the US economy is doing. Diamonds are items that most people can forgo during bad times unless you are a jeweler or have industrial uses for them. Because I have a daughter getting married soon and since I have […]
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