From the WSJ, "Bernanke's Bubble Laboratory". Within this, a great quote from famed economist John Maynard Keynes "the market can remain irrational for longer than you can remain solvent." This quote conjures up memory of a former roommate who was an analyst with a major Wall Street firm, and his frustration over the 1999-2000 apex of the NADAQ. He simply didn't believe it, and went short on an NASDAQ index security. He held out and held out, and finally was forced to cover about a month before the market turned and dumped. He knew better, but the market still rules...
From BBC News, "The US Sub-Prime Crisis in Graphics". Loaded with visual aids.
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About Me
- john
- As a Certified Mortgage Planning Specialist (CMPS) with extensive experience in the mortgage industry, I specialize in helping my clients find, structure and manage mortgage debt as one piece of a larger financial strategy. I provide my clients with detailed home loan and debt structuring guidance that compliments their long term financial objectives, including college savings, retirement planning and other investment goals. With an understanding of financial planning concepts that relate to taxation, investment strategy, and estate planning, I work to create a personal strategic mortgage solution for my clients’ diverse financial needs. I collaborate with advisors in other financial fields, and introduce other specialists for guidance as needed. The ability to assess and advise on all aspects of a client’s financial situation can minimize financing costs and tax exposure while building net worth – a benefit often missed when focusing on home loans exclusively.