The tale of homes selling for less than $100 in Detroit isn’t so new, but some of the facts of this story should raise a few eyebrows. Not only did the house in question sell for $60k less than two years ago – in a neighborhood that cannot possibly attract those prices without the help [...]

I’ve long voiced my opinion on the cholesterol scam and the potential for cradle-to-grave cholesterol drugs for everyone. Dr. Mercola touches on the subject of everyone-must-have-cholesterol drugs right here (look to his comments section). His point about excess body inflammation is so spot-on that it should not be overlooked. A modern occurrence among people – [...]

The Apple Store, of course. I went to a nearby mall two weeks ago – a beautiful and unique outdoor mall – and the luxury stores were nearly empty. I had the whole shoe department at Nordstrom to myself on a Saturday. At least six people asked “Can I help you?” within my first three [...]

Coach purses, once a luxury item for the wealthy and/or discerning middle class, have become mainstreamed among the credit card-carrying masses. I’ve only had two Coach purses over the years – the first one lasted ten years, and the second one I came to not like so much. Of course, I always consider it a [...]

All my current inflation observations come from one aisle at Wal-Mart, where I shopped tonight. I observed that the Purina dog food I usually buy (mid-priced among doggie foods) went from $14.97 to 18.50 since the last time I bought it two weeks ago. Also, the two-week price increase of my usual bag of bird [...]

No blogging for 5 days. I’m off on the Harley, in about a half-hour, to the twisties, valleys, rivers, and general stores of West Virginia and Southeastern Ohio. The weather forecast calls for 5 days of sun at about 80 degrees.

This is the embodiment of boom time stupidity. Bloomberg is reporting that MGM Mirage and Dubai World are late in raising as much as $3.5 billion for the $11.2 billion CityCenter project because banks saddled with debt to casinos and hotels are wary of making new loans. Deutsche Bank AG and Credit Suisse Group, the [...]

The mainstream press is questioning the negative net worth of Freddie Mac ($5.6 billion). Freddie Mac hopes to raise $5.5 billion of additional capital to bolster its balance sheet, but in a sense that would just bring it back to about zero: the company’s assets had a negative $5.6 billion net fair value at June [...]

My new article is up at Financial Sense Online. I think it runs on LewRockwell.com tomorrow, as well.

No recent American President has promised to do more to combat repression than President George W. Bush. In his second inaugural address in January 2005, he pledged the United States to the goal of ending tyranny in the 21st century. His freedom agenda, formulated in the wake of the terrorist attacks of 9/11, seeks to [...]