A $3.55 trillion budget

Spending “only” $3.55 trillion is considered to be fiscally responsible? President Obama inherited a more than $1 trillion deficit from the idiot George Bush, but he’s tacked on more than his fair share already.  The current estimate of the deficit is now up to $1.75 trillion for fiscal year 2009, which started on Oct 1st, […]

Housing in the tank

The housing market is bad.  And it’s getting worse.  A report on CNN today says: Hammered by the ailing housing market, mortgage finance giant Fannie Mae said Thursday it would tap its lifeline from the Treasury Department after reporting $58.7 billion in losses for 2008. The company, a crucial source of funding for mortgage lenders, […]

More bottom fishing on stocks

You’d think that the “experts” would eventually learn, but when I scan the news lately, almost everyone and their brother is calling this the bottom of the bear market.  If they’re not outright calling a bottom, they’re saying “near the bottom” or something similar. Just today I ran across these stories saying that we’re at […]