I don’t know about you, but I just read something over the weekend (October 24, 2009) that is almost as scary as a good ole’ Halloween trick-or-treat: the 100th bank failure in the US this year. There have not been this many bank failures since 1992 and the Savings and Loan Crisis. This number is nothing compared to the over 8,000 banks that failed during the Great Depression, but it seems like the failures have been coming at us with more force lately. The irony about all of this important information is that no one seems to be talking about it.
Read MoreThe cover of Barron’s reads: It’s time to raise rates, Ben. Ben Bernanke, the Federal Reserve Chairman, is supposed to be an expert on the Great Depression. He wrote his thesis on the topic. Therefore, right now, if he is making any kind of connection to his research, he has already determined that raising rates is not even on the table. In Bernanke’s most recent speech, he gave indication that the monetary policy of the US should be where it is and it will be sustained at this point in the “recovery.”
Read MoreDuring a bear market, everything that used to be good is now bad. Does this sound familiar? Well, to people winning the lottery, this is reality. Recently, an article from Yahoo! stated that people who won the lottery were burdened by the winnings. People who were interviewed said that winning was not all that it was cracked up to be because they had too much free time on their hands. The free time led some people into trouble by taking “risky” adventures. Others commented that relatives and friends kept calling for their piece of the pie. It got to the point where they were losing ties with some of the closest people in their lives.
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