Feb 8 2010
San Francisco Rent versus Buying? In Northern California you’d be Foolish to Buy. Examining the Bay Area Housing Market and Opportunity Cost of Buying a Home.
There are few housing markets in the world that rival the ups and downs of California. You would be hard pressed to find any other area with a proliferation of mortgages like option ARMs that defy any sensible notion of financial prudence. Yet many areas in California like the Central Valley for example have corrected [...]
Jan 4 2010
The 5 Percent Solution: How 5 Percent of the Workforce Generated 40 Percent of U.S. Business Profits and all of it was a Ponzi Scheme.
From 1948 to the early 1980s the financial industry in the U.S. generated from 5 to 15 percent of all U.S. business profits. In the early 1980s this started to creep higher and higher. It reached a triumphant climax generating over 40 percent of all U.S. profits at the height of our financial bubble. The [...]