Posts for Steadfast Finances


Congressional Insider Trading Activity Finally Goes Mainstream

From Steadfast Finances
November 13, 2011 at 9:22 pm
Someone in mainstream media, and it’s not all that surprising it’s 60 Minutes, finally got around to covering one of Congress’ most astonishing ethical, moral, ... (more)

Fake Prosperity: U.S. National Debt Growth vs. GDP Growth

From Steadfast Finances
August 3, 2011 at 11:56 am
If you’re a member of Gen X and Gen Y, this is probably the scariest chart you will see in 2011, and possibly, right up to the time you’re old and gray. As you can ... (more)

S&P 500 Support Trendline in Question

From Steadfast Finances
August 1, 2011 at 12:36 pm
Predictably, a vast majority of people thought the markets would soar after a verbal agreement had been reached on the debt ceiling fiasco. Err, wrong. The bigger problem, at ... (more)

The Hypocrisy of the Republican Debt Ceiling Debate

From Steadfast Finances
July 17, 2011 at 11:10 am
Being an idealist, I’m easily repulsed from any person/organization that I lose respect for. Case in point, the reason why I said goodbye to the Grand Old Party was because ... (more)

Beware Those Who Say ‘This Market is Cheap’

From Steadfast Finances
July 15, 2011 at 10:59 am
Image Source: Chart of the Day If you’re an avid follower of the financial markets, no doubt you’ve heard a money manager make the claim that “this market is ... (more)

Delaying Foreclosure: 62 Years to Repossess New York Homes at Current Pace

From Steadfast Finances
June 19, 2011 at 10:45 am
  More troubling data on real estate and foreclosures as a whole from the NYT: In New York State, it would take lenders 62 years at their current pace, the longest time frame ... (more)

S&P 500 Earnings Back to Credit Bubble Highs

From Steadfast Finances
June 17, 2011 at 9:31 am
Two years after making the observation that terrible earnings news was the time to buy (see first chart), it looks as if the billions of taxpayer dollars (via future earnings) ... (more)

Case Shiller: Confirmation of the Double-Dip in Home Prices

From Steadfast Finances
May 31, 2011 at 10:07 am
As if we had any real doubt that U.S. real estate was FUBAR, but the March Case Shiller Index numbers did us a favor and confirmed what the smart money already knew. Too bad the ... (more)

Chartporn: Number of Days Foreclosed Homeowners Not Paying Their Mortgage

From Steadfast Finances
May 24, 2011 at 10:30 am
Legendary chartporn of this quality would almost make me ill had I not been so prepared for the smell of Castor Oil. From the article: This chart is really astounding. It shows ... (more)

Median Home Prices and The ‘Double Dip’

From Steadfast Finances
May 20, 2011 at 10:58 am
Image via Chart of the Day A 20 second scan of the headlines for the real estate tab on this blog will show you I’ve been bearish on U.S. real estate since this blog began ... (more)

Lobbyist Dollars: The #1 Problem in Contemporary American Politics

From Steadfast Finances
April 26, 2011 at 10:21 am
If you want a simple explanation of the root cause of America’s political and economic woes, this chart represents it. As Teddy Roosevelt so famously said: There can be ... (more)

Shutting Down My Lending Club Investments

From Steadfast Finances
April 22, 2011 at 1:19 pm
In a decision I consider nearly as bad as the “New Coke” experience, Lending Club has decided to limit the questions an investor can ask potential borrowers. The resulting ... (more)

David Stockman: Lobbyists Distorting Democracy & Free Market Capitalism

From Steadfast Finances
April 21, 2011 at 11:53 am
David Stockman, former Ronald Reagan budget director and one of the early creators of Reaganomics, might be one of the few Republicans still worth listening to. Unfortunately for ... (more)

The Downside to ‘Trust Us, We Can Regulate Ourselves’

From Steadfast Finances
April 18, 2011 at 10:44 am
One of the better pieces I’ve seen on CNN since, well, the first Gulf War coverage. Goldman Sachs was the number one private campaign contributor to Barack Obama’s ... (more)

60 Minutes on the Housing Crash & Foreclosure Fraud

From Steadfast Finances
April 4, 2011 at 9:41 am
A few of us knew the double dip in real estate was a no brainer, but what I didn’t expect, and for some inexplicable reason no one from the financial establishments is facing ... (more)

Ex-Tax Collectors Turned Corporate Tax Dodging Heroes

From Steadfast Finances
March 25, 2011 at 10:12 am
Many years ago, John Madden once gave a memorable quote about the necessity for speed at the skill positions in the NFL: Speed: can’t teach it, can’t coach it, better ... (more)

Housing Double Dip Data Can No Longer Be Downplayed

From Steadfast Finances
March 23, 2011 at 3:28 pm
It’s ironic that regardless of all the hype around “green shoots” and hopium filled speeches to inspire investor confidence that real estate — when left ... (more)

How to Game the $7.99/lb Salad Bar

From Steadfast Finances
March 21, 2011 at 10:32 am
My secret is out. Scratch that – I doubt I’m the only one who ever figured out this frugal hack on how to turn the tables of your local grocery store’s salad ... (more)

Cisco Pays Dividend; I Feel Old

From Steadfast Finances
March 18, 2011 at 10:27 am
Cisco Systems, once touted as the 500lb gorilla of the high flying tech stocks back in the late 90s, showed its age maturity today by going dividend. In the dividend world, 6 ... (more)

Most Bank Lobbyists are Former Government Employees

From Steadfast Finances
March 16, 2011 at 11:38 am
As a former federal government employee, I know all too well how in demand we were because we knew “the ropes”. Private sector human resources management often drool ... (more)

Saudi Arabia’s Defense Spending: Reaching Out to Touch Someone

From Steadfast Finances
March 14, 2011 at 11:56 am
If a growing defense budget is indicative of “protecting your borders”, it would appear Saudi Arabia has had it’s mind set on defending their black gold for ... (more)

Real Estate vs. Gold Ratio: Getting Closer to 1980s Low

From Steadfast Finances
March 11, 2011 at 12:20 pm
Image Credit: Chart of the Day Being a chartporn aficionado, it’s hard to not to look at such chartporn and wonder if precious metals and real estate markets from the late ... (more)

U.S. Leading World in GM Farming, By Far

From Steadfast Finances
March 9, 2011 at 1:24 pm
I’m probably a little biased in this debate having worked as a gene jockey in my undergrad days, but it’s quite disturbing to see the growing number of U.S. farmland ... (more)

Gen Y, the Farmers?

From Steadfast Finances
March 7, 2011 at 12:23 pm
When it’s tough to find a job or you’re limited to part time employment, plus up to your eyeballs in student loan debt, it would seem logical that you don”t have ... (more)

Saudi Arabia Revolution: Oil Back to 2007 Highs?

From Steadfast Finances
March 4, 2011 at 2:53 pm
If you think 2007 oil bubble highs of $147 per barrel based on “global demand” was bad, just imagine what’s going to happen to oil prices if the stalwart of ... (more)