Saturday, December 20, 2008
Sunday, December 7, 2008
Business | Domestic US Auto Industry | Kedrosky
Quote du (Almost) Jour: Auto Industry Stresses
Over the past year, the domestic auto industry has experienced sharply reduced sales and profitability, large indefinite layoffs, and increased market penetration by imports … The shift in consumer preferences towards smaller, more fuel-efficient passenger cars and light trucks … appears to be permanent, and the industry will spend massive amounts of money to retool to produce the motor vehicles that the public now wants.
To improve the overall future prospects for the domestic motor vehicle manufacturers, a quality and price competitive motor vehicle must be produced … If this is not accomplished, the long term outlook for the industry is bleak.
-- Source: THE U.S. AUTOMOBILE INDUSTRY, 1980. REPORT TO THE PRESIDENT FROM THE SECRETARY OF TRANSPORTATION
It's probably necessary to prevent the domestic US auto industry from careening over the cliff and dragging parts suppliers, dealers, and associated business partners with it. However, how we're going to get this dinosaur of manufacturing to change its ways is beyond me. I'm thinking that Chrysler sells-off Jeep and kills-off the rest. GM sells Buick to the Chinese, Saab to the Swedes, Hummer to the Russians, and then just struggles along until the rest crashes and burns. Who needs a $40K Volt? If Ford can restructure fast enough then they may have a chance to survive. Meanwhile the other US auto industry is hurting but capable and makes quality, efficient cars and trucks that Americans want to buy.
Tuesday, November 18, 2008
Money | Bailout Big Three? Pro vs Con | Kedrosky
Tuesday, November 4, 2008
Saturday, October 25, 2008
Money | Real vs Financial Engineering | GE
Sunday, September 28, 2008
Money | Finance Crisis | Schwarzman
"It's a perfect storm. It started with Congress encouraging lending to lower-income people. You went from subprime loans being 2% of total loans in 2002 to 30% of total loans in 2006. That kind of enormous increase swept into the net people who shouldn't have been borrowing. Those loans were packaged into CDOs rated AAA, which led the investment-banking firms [buying them] to do little to no due diligence, and the securities were distributed throughout the world, where they started defaulting. When they started defaulting, out of bad luck or bad judgment, we implemented fair value accounting….You had wildly different marks for this kind of security, which led to massive write-offs by the commercial banking and investment-banking system. In the face of those losses…you needed to raise new equity…which came from sovereign-wealth funds in part, which then caused political resistance to sovereign-wealth funds, who predictably have withdrawn from putting money into the system….It seemed pretty obvious that would happen. We now find ourselves with a liquidity crisis where fundamentally the cost of money for financial intermediaries [such as investment banks] is significantly in excess of their cost of lending it. So several institutions found themselves in a structurally impossible position. We had a series of bankruptcies, whether Bear Stearns or Lehman, or forced sales like Merrill. Goldman reverted to a banking charter for a lower cost of funds, which today is still not low enough for the business."
Thursday, September 25, 2008
Money | Buffett Interview | CNBC
Tuesday, September 23, 2008
Monday, September 22, 2008
Money | $0.7T Bailout | US Treasury
Wednesday, September 17, 2008
Disasters | Hurricane Ike | Boston.com
Tuesday, August 26, 2008
Education | Mideast Geography |
Sunday, August 24, 2008
Money | Retirement Planning Case Studies | ESPlanner
Saturday, August 23, 2008
Money | Consignment Shopping | SacBee
Tuesday, August 19, 2008
Facts | Pop v Soda | ECU
Monday, August 18, 2008
Real Estate | Amish Home Builders | WSJ
Saturday, August 16, 2008
Tech | Favorite How-To Site | Lifehacker
Tuesday, August 5, 2008
Biz | Telepresence v Travel | NYTimes
Monday, August 4, 2008
$ | home prices | kedrosky
but, and this is big, national median house prices are interesting but residential real estate is hyper-local.
interesting read, here's the link:
Saturday, August 2, 2008
Housing | Regional Price Change |
Friday, August 1, 2008
Work | Monitoring Telecommuters | WSJ
Wednesday, July 30, 2008
Life | Final Farewell |WSJ
Humor | Quote of the Day | Brilliant
Monday, July 28, 2008
Personal $ | When You Must Sell a House | WSJ
Sunday, July 27, 2008
Saturday, July 26, 2008
Work | Value of College Degree | WSJ
Personal $ | New Social Security Calc | WSJ
Friday, July 25, 2008
Personal $ | Medicare Part D | WSJ
This gets really nasty when the person on Part D hits the infamous "donut hole". Part D insured patients pay the first 100% of the first tier of Rx costs to $275, then 25% of the next tier of costs to $2,510 total cost, then 100% of the next tier up to $5,726 total costs, then 5% of everything beyond that tier. The tier between $2,510 and $5,726 is the donut hole. More like a black hole, but whatever.
Best strategy? Shop around. Costco or Wal*Mart may sell Rx drugs for less than the patient's share under Part D. Especially consider paying cash at those places for your lowest cost generics to keep the Part D coverage for more expensive branded meds.
The WSJ article is locked for subscribers only ... let me know if you want a copy.
Wednesday, July 23, 2008
Energy | Oil Shale | WSJ
Homes, Energy | The Newest Cottage Industry | WSJ
Tuesday, July 22, 2008
Energy | The Way Forward | Kedrosky
Monday, July 14, 2008
Life | Uplifting Video | Matt Harding
Customer Service | Getting Live Help | Web
Energy | Grove on Electricity | The American
Monday, July 7, 2008
Planning | Resources & City Growth | Trulia/WSJ
Thursday, July 3, 2008
Finance | Managed Payouts | WSJ.com
PM | New PM Software | WSJ.com
Wednesday, July 2, 2008
Oil | Price History | Forbes
Money | Social Security Restart | NPR
Monday, June 16, 2008
Friday, June 13, 2008
Nature | Fear This! | YahooPhoto
Wednesday, June 11, 2008
Energy | High Oil Prices | BP
Monday, June 9, 2008
Tuesday, June 3, 2008
Green | Greenhouse Gas Heresies | Wired
- Live in Cities - better than suburbs
- A/C Is OK - Less CO2 Than Heating
- Embrace Nuclear Power - climate-friendly large-scale power supply
- Used Cars - huge energy/CO2 cost to make new cars
Saturday, May 31, 2008
Tech | Google on Your Mobile | AllThingsD
Wednesday, May 28, 2008
Personal $ | Saving on Gas | AP
Personal $ | Avoid ID Theft Cons | WSJ/Mossberg
Personal $ | Tracking Your Money | Mossberg
Thursday, May 22, 2008
Personal $ | Identity Theft Bites LifeLock Chief | Yahoo
Humor | Engineer's Guide to Cats | YouTube
Friday, May 9, 2008
Wednesday, May 7, 2008
Travel | Perils of Flying | WSJ
Tuesday, May 6, 2008
PC Security | Avoiding ID Theft Cons | Mossberg
Monday, May 5, 2008
Computers | Backup via Cloud Computing | LA Daily News
Memory | How to Remember Everything | Wired
Tuesday, April 29, 2008
Saturday, April 26, 2008
Personal $ | Do-It-Yourself Tax Cut | WSJ/MarketWatch
This nation and its citizens can't borrow, consume and spend itself silly forever, now can it? FY2007 Interest on the national debt was $430B or about $3800 per household per year. That's just the interest on money the feds spent that they didn't have. Just for scale, the national debt is $9.3Trillion. The TOTAL subprime mortgage debt in the nation is about $1Trillion. So, subprime mortgage debt is a piker compared to our national debt.
To see how the national debt has changed over time, check-out this graphic (from this website). Unsettling. Who was watching the shop when those administrations racked-up all that debt? Have you told your kids/grandkids how lucky they are to have to pay-off our debts? They may not be thrilled.
Thursday, April 24, 2008
Largest Exporters | Economist
Wednesday, April 23, 2008
Generic Drugs | The Same? Yes & No | WSJ.com
FICO Credit Score | How To Fix | WSJ/Yahoo! Finance
Tuesday, April 22, 2008
Green Acres II | Lawn to Farm | WSJ.com
Money for Nothing | Search Benefits Charities | WSJ
Saturday, April 19, 2008
Jonathan Clements | Personal Finance - After 1,008 Columns | WSJ.com
Pew Social & Demographic Trends | Inside the Middle Class | Bad Times Hit the Good Life
Tuesday, April 8, 2008
Trip to Oregon
Area around Eugene is truly the Emerald Valley - spectacular. Below is a covered bridge along the McKenzie River east of Eugene.
Check-out the moss on the trees along US 20 east of Sweet HomeThe Willamette Valley is lush ... we were a bit early for the tulip festival.
More than one way to get around in Portland - the tram to OHSU.
Nearly the only sunbreak we had in Portland ...
From Old Town towards the Steel Bridge ...
A great trip ... enjoyed Portland and Eugene both ...
Tuesday, March 18, 2008
Financials | $$ Hard to Sell in Amsterdam | Reuters
Friday, March 14, 2008
Investing | The Cost of Active Investing | Dartmouth
Monday, March 3, 2008
Hungry? | Sandwiches & Stands in LA | Eye Spy
Economics | Mortgage Market Meltdown | Brandeis
Saturday, March 1, 2008
Education | In L.A., his own wall of China | LA Times
Education | What Makes Finnish Kids So Smart? | WSJ.com
Thursday, February 28, 2008
Obama | The Power of Words | WSJ.com
Wednesday, February 27, 2008
Kedrosky Recommends | Frontline: secret history of the credit card | PBS
Need Higher Social Security? | Reapply! | Burns/AssetBuilder
Tuesday, February 26, 2008
Monday, February 25, 2008
Telecommuters | Unintended Consequences | WSJ
Face value | The accidental innovator | Economist.com
Suburbs | The Next Slum? | Atlantic
Thursday, February 21, 2008
Commerce vs Individual | Big Retail Chains | WSJ.com
Gen M | Suburban Jobs - Subpar? | MarketWatch/WSJ
Monday, February 18, 2008
Graphic | Market's 50 years | FORTUNE Mag
Sunday, February 17, 2008
12 People Changing Retirement | WSJ.com
Thursday, February 14, 2008
Alt- View | College - Waste of Time/Money | FT
Wednesday, February 13, 2008
Something to Read | Best of 2007 | The Economist
Monday, February 11, 2008
Prime the Pump! | Tax Rebate Explained! | LA Times
Housing Bubble | More to Come? | LATimes
The Boomers' impact on US economics/politics/society to-date is well-known. Take a look at this article about the potential next hit on housing prices by Boomers cashing-out or trading-down. All real estate economics is local ... how will your house fare?