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The big problem here seems to be that people are forced to rely upon themselves to manage their retirement funds which is beyond their grasp. So many times they don't fund enough and take too much risk. Since IRAs have basically replaced pensions this economy will show just how bad things can...

Check out this chart showing housing price ratio to household income. Then think about how long you will definitely be in the house.

Thanks for the laugh.

Not sure anymore. Blu rays have come down a lot since I bought a year ago. Check bestbuy.com.

If you have an HD set I would recommend getting a blu ray. I have the PS 3 (Includes blu ray) and its much better than watching dvds.

At the height of the internet bubble when California was flush with revenue, Gray Davis increased spending on the assumption that this trend would continue. Many of these contracts were backloaded and are punishing us now. Take a look at revenues and expenditures for California over the last...

Still my favorite Reuter's headline from about ten years ago "Clinton puts finger in Mexican dyke."

Not sure what you are looking at. House price ratio to income is still much higher than historical levels. This bubble will take a long time to wind down.

I used to work at a regional exchange and photographers would come by on the big up or down days looking for shots. I knew what they were looking for so I put my hand over my face. Even though I was smirking I got on the front page of the SF paper.

Finished this thing last year. Hold charter now. Walked out half way through the afternoon-you either know the answer on the mult choice or you don't. Did get a bump at work for passing it. So glad to be done with it.

I am getting these imbalances now but I don't seem to be getting indications anymore. Are these going by the wayside for the imbalances or do I need to change my settings?

And many of these foreclosures are "investors" who bought more than one house because they were going to flip it.

Just look at zillow.com or one of the other internet estimates of value.

Is this going to be on again?

Bear Meltdown Rhapsody (To the tune of Bohemian Rhapsody:) Is this the real price? Is this just fantasy? Financial landslide No escape from reality Open your eyes And look at your buys and see. I'm now a poor boy High yielding casualty Because I bought it high, watched...

There is definitely more room on the downside. Incomes rising due to inflation and low cap rates (which imply a higher income multiple than the past average) will keep it from being that large of a drop. It will be interesting to watch it happen.

Prop 13 wasn't a problem until Grey Davis boosted our state's budget to a point that was unsupportable by revenue trends. When you are 55 you will get the same benefit your neighbor now enjoys so stop worrying about it. My neighbor bought at one tenth of my price so what? My household budget...

I was flyfishing as a teenager and I caught the hook on my eyelid. I had to walk back to where we were camping to have my dad pull it out. No scar.

Hi, 'Designated Market Makers' By AARON LUCCHETTI November 30, 2007; Page C14 In recent years, the fortunes of "specialists," the elite traders on the floor of the New York Stock Exchange, have been declining. Now, Duncan Niederauer, soon to be chief executive of the Big Board's parent...

Subprime Mess Produces Unqualified Victims: Michael Lewis 2007-04-16 00:22 (New York) Commentary by Michael Lewis April 16 (Bloomberg) -- The story line of the newest American financial debacle is now clear: President Bill Clinton eased lending standards to...