It’s been coming. Most of us knew it was. This week it broke. The commercial mortgage bubble. General Growth went into Chapter 11. Their debt is estimated to be $24 billion. Familiar firms hold the paper. Citigroup and Goldman Sachs ring a bell? Just look around your neighborhood. How many retail stores have closed in the Read the full article…
Regular readers may think this is another rant about one of my favorite subjects, ethanol. The fuel that has a net BTU loss and drives up corn prices and provides billions of your tax dollars to support ethanol producers. Well, it is, and, it isn’t. I thought it was impossible for my government to make Read the full article…
On 4-15-09 my wife and I attended the Phoenix Tea Party. It is estimated that the crowd was in excess of 5,000. It was a peaceful energetic crowd. The signage was brilliant and creative. The signs told the story. It wasn’t about taxes. Sure, taxes were a big part, but it was far deeper than that. Read the full article…
