March Madness

Great article from the Economist on what went wrong with the financial system can be found here .

(Obligitory self deprecating onion cut and paste....

Eeeeeeuuuuuwww! The Economist says! The Economist says! I read The Economist! Aren't I cool? Aren't you impressed with me?

What do you read? Time? Newsweek? Those are for people who can't handle a real news magazine like the one I read. That's because you're not as smart or sophisticated as me.

.....

Question: Do you think I'm smarter than everyone else because I read The Economist, or do I read The Economist because I'm smarter than everyone else? Now, there's a conundrum! I should mail that one in to The Economist and see what they think!

.....)

Just a few thoughts

Doesn't it seem presumptous to assume we already know what went wrong? It still getting "wronger" every day.

I loved the imagery of the finance industry being Wile E. Coyote running off a cliff. This seems especially apt as Mr. Coyote always tried to use Acme products that he didn't even understand....and they always blew up in his face.

This was a very frightening quote And so the screw turns until those without leverage will buy. Who are these people without leverage? Sometimes I think I am the only American that saves. I guess the process of selling American assets to Resource (Oil) rich nations will continue and even accelerate.

Purpose of blog....

With apologies to Shakespeare (and Mr. Faulkner),

"Financial Advice is a tale
Told by an idiot, full of sound and fury,
Signifying nothing."

I have read many books and articles and I have come to the conclusion that it is all self-serving drivel, so I thought I might as well add my own! This blog will be links to current financial events and analysis, my own thoughts on the matters at hand, reviews of financial self help guides, and maybe some other commentary as well.

You definitely trust me, I have a minor in Economics, and my wife is an accountant. :)

Keep in mind all predictions wrong or your money back...(Ok I stole that one too....apologies to TMQ).