"A republic, if you can keep it." Vegas, taxes.
"A republic, if you can keep it." Vegas, taxes.
Could we be looking at a world without monogrammed silver dog bowls? That’d be the best news I’ve heard in a long time. . . More seriously, with food and energy costs rising for consumers, stores that sell expensive gadgets…
There is a stunning ability for the equity markets to shake off bad news after bad news. Meanwhile the underlying credit markets continue to deteriorate. Both cannot be correct. This divergence will end, we just do not know when. The…
In a scene likely to be played out in states and municipalities nationwide, things are starting to implode in California at the state level, the county level, and the city level. The state has ordered mandatory, major cutbacks, with more…
If the bond insurers split into pieces in an attempt to save municipal bonds (like those issued by where you live) then Wall Street investment banks and the like will be forced to take more multi-billion dollar writedowns. Expect them…
Miami is ground zero for the condo market collapse. “Investors” snapped up overpriced condos as developers continued to build way too many more. Now it’s all come crashing down and some banks are now refusing to fund any condo mortgages…