What Is the Right Value of a House?...
What Is the Right Value of a House?
HIGHLAND, UT | 29 July 2008 | The International Monetary Fund (IMF) announced recently that housing prices in the U.S. are “overvalued” by as much as 20%. A common misconception in the world today is that things have inherent value and that when prices fluctuate they become overvalued or...
You Get What You Pay For...
You Get What You Pay For
TAYLORSVILLE, UT | 25 July 2008 | When we buy gas at the pump, we see an obvious connection between the amount we get and the amount we pay. At times, the price goes up and we all recognize that filling up our tank will cost us more. At times, the reverse is true. Either way, it is easy for us to...
The Follies of Fannie and Freddie...
The Follies of Fannie and Freddie
MAPLETON, UT | July 22, 2008 | Recently, two names have been plastered across headlines so often you’d be forgiven for thinking they were the latest hollywood pair. Their celebrity status has been cemented by constant mentions in the top news programs, length pieces on their life history, and endless...
FDIC (Fear Drives Ignorant Consumers)...
FDIC (Fear Drives Ignorant Consumers)
SALT LAKE CITY, UT | 16 July 2008 | In a move that stirs up images of the Great Depression, people are lining up outside of IndyMac Bank branches to see that they “get theirs” before there is nothing left to get. Because of the number of people waiting to close their accounts and withdraw their...
How Do You Celebrate Independence?...
How Do You Celebrate Independence?
HIGHLAND, UT | 4 July 2008 | Ah! The Fourth of July! That great mid-summer holiday. Full of parades and beauty pageants, fireworks, barbecues, 10k races, pancake breakfasts in the park, and flag raising ceremonies. This is what this holiday is all about, right? Oh, and thinking about the signing of the...
Who Is to Blame for $4 per Gallon Gasoli...
Who Is to Blame for $4 per Gallon Gasoline?
HIGHLAND, UT |18 June 2008 | While surfing the Internet for interesting news stories I came across an advertisement: “Who is to blame for $4 per gallon gasoline?” It then offered three photographs the reader could choose from for the blame. One was a picture of an Arab, representing the OPEC...
Desperate to Exchange...
Desperate to Exchange
HIGHLAND, UT | 2 June 2008| In a market where no one is confident enough to exchange, people can get pretty creative. This can give rise to some very interesting opportunities for those whose eyes are open and who position themselves for such opportunities. Two stories recently—one this weekend...
Principled Globalization! Is It Possible...
Principled Globalization! Is It Possible?
HIGHLAND, UT | 5 May 2008| The common perception in recent weeks is that America is falling and the rest of the world is rising. The weakening dollar compared to other currencies around the world is only one sign of this seeming change in economic supremacy. Fareed Zakaria, of Newsweek Magazine, however,...
Scientists Able to Shrink World...
Scientists Able to Shrink World
HIGHLAND, UT | 7 April 2008 | Scientists have found a way to make this great big world of ours much smaller: “The Grid” as they are calling it is a device which makes the quick speeds of broadband Internet communication pale in comparison. Jonathan Leake, science editor of British Times Online, reported...
Secretary Paulson Proposes Changes in Tr...
Secretary Paulson Proposes Changes in Treasury, Fed
HIGHLAND, UT | 1 April 2008 | Economic policy is often shaped by the emergencies of the day. As far back as the Civil War (1863), our current policy situation began to take shape. This is followed by several others through America’s history until we stand today, faced with the Federal Reserve possibly...