https://www.gravatar.com/avatar/aca0e16473affc5e8774274b4c259bcc?s=240&d=mp

Nick Kirsch

The financial crisis provides for individual opportunity...

I’ve obviously been spending a lot of time learning about what’s going on with the financial markets, the economy, etc. I am certainly no expert, but far more informed then I was a few months ago. I have yet to take the same strong interest in politics…

Flashback to 2002, when I quit my job at InsynQ as a beautiful love interest (Eriko) forced me to realize that it was going nowhere. In doing so, I spent several months unemployed and it has completely impacted and changed my spending habits. Before the unemployment, I spent money like I would always have money - not necessarily in debt, but very little savings.

mortgage rates increasing...

This can’t be good for home owners:

Mortgage TypeCurrent1 month ago
15-YEAR6.075.37
30-YEAR6.385.72
1-YEAR ARM6.285.88
Source Bloomberg.

Certainly isn't good for my prospects of purchasing a home.

Ah... TARP... yet another sad move by a sad president.

I’ll just say “I told you so” in advance. Here’s another opinion.

That said, maybe I can move onto something else less controversial… like politics!

I’m slowing coming to accept that politics is really a popularity contest. Democracy (at least in the US) is an extension of playground rules - say whatever you want, make as many promises as you can, because when the popularity vote happens the winner will get his/her day in the sun. It doesn’t matter how far you stretch the truth, or how much you sell your soul to get those votes - the only potential accountability is that you won’t win the contest again.