What’s going to happen as we start running out of cheap gas to guzzle?
The Long Emergency

I guess when you’re a lawyer, the solution to any problem is a lawsuit.

Senate allows U.S. to sue OPEC for oil price-fixing

Remember, you let them get (or stay) there.

“The mutual fund industry is now the world’s largest skimming operation, a $7 trillion trough from which fund managers, brokers and other insiders are steadily siphoning off an excessive slice of the nation’s household, college and retirement savings.” - Sen. Peter Fitzgerald

Fund ‘casinos’ win a ‘loser’s game’

“Posted by Brandon V. on June 09, 2005 at 17:59:54:

Help! Any ideas, comments welcome.

My partner and I are in a mess with a brand new house in Las Vegas. Here are the details.

1. AUG 2004, we paid $445,000 for a Pulte model in the community of Aliante, North Las Vegas.
2. 100% financed and still owe roughly the same.
2. Payment is $3000/month.
3. Currently could only sell for about $360,000.
4. Finally found tenants to lease out for $1100/month in APR to reduce neg cash flow to $1900/month.

We are running out of cash quickly. We desperately need some ideas on how to get out of this house immediately.

Thanks!”

Upside down on SFR in Las Vegas

But I thought real estate always increased in price?

“In July 1929, about five months before the October crash, the US economy had already shown distinct signs of an emerging depression: manufacturing was slowing down, output was falling, layoffs rising and capital utilisation was declining.”

When did the US economy begin to crack?