Archive for July, 2006

Monday, July 31st, 2006

Synthetic Financial Disasters – Part IV: Energy Armageddon

In part IV our our Synthetic Financial Disaster Series, I’m writing about the one global crisis that may send the global economy into meltdown. I’ll start by stating a few obvious statements that may be contrary to the popular gloom and doom scenarios I’ve been reading about lately. First, the Earth will NEVER run out […]

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Saturday, July 29th, 2006

Synthetic Financial Disasters – Part III: FDIC/SIPC Armageddon

In Part III of my Synthetic Financial Disasters series, I’m going to focus on the implicit trust we all seem to have in our financial institutions and whether that trust is truly warranted and what potential disasters loom in our near future. Over the past few years I’ve frequently opened bank accounts (checking, savings, Certificate […]

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Friday, July 28th, 2006

Synthetic Financial Disasters – Part II: DeGentrification & Geriatricfication

As discussed in Part I: Baby Boomer Armageddon, the United States has some potential catastrophic financial disasters looming in the near future.  Today, I’ll write about a second lesser known issue that deals with real estate and healthcare which I’ve titled, “De-Gentrification & Geriatic-fication Armageddon” What is De-Gentrification? Gentrification is defined as “the process of […]

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Thursday, July 27th, 2006

Synthetic Financial Disasters – Part I: Boomer Armageddon

In my continuing series of Financial Disaster Preparedness, I’m going to focus on Synthetic and Systemic problems that have the potential to create financial Armageddon on a national and global economic scale. I’ve broken down these hidden disasters into four types: “Boomer Armageddon” “De-gentrification/Geriatric-fication Armageddon” “FDIC/SIPC Armageddon” “Energy Armageddon” I’ll focus on the first and […]

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Wednesday, July 26th, 2006

Financial Disaster Readiness – National Disaster

Scenario 2 -National disaster that impact the overall economy (e.g. 9/11, avian flu, grid blackouts, global war) After the 9/11 terror attacks, trading shutdown for a few weeks and the national economy fell into a slump. How do you prepare for the next big disaster that will impact your personal net worth? I will preface […]

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Tuesday, July 25th, 2006

Financial Disaster Readiness – Local Disaster

Scenario 1 – Localized disaster that impact you directly and personally (e.g. Hurricanes, Earthquakes, Tornados, Terrorist attack) When Hurricane Katrina wiped out New Orleans, I was personally involved with the human recovery efforts in trying to help evacuees find housing, jobs, money, etc. I am still haunted by the desperation of so many and the […]

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Monday, July 24th, 2006

Financial Distaster Readiness

I’ve been reading a few blogs over the past week and have come upon an interesting phenomenon amongst many financial bloggers. The phenomenon is that many people in the financial blog world have implicit trust of financial institutions and operate on the continued assumptions that things will always be as they are today or things […]

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Tuesday, July 11th, 2006

Update on Arbitrage deal

Well, I deposited the 24k check today and the bank put a hold of 10 days on my funds which really annoys the heck out of me. On the positive side, I ran across this credit union which is offering 8% interest for 8 months http://www.chartway.com so instead of using Emigrant/HSBCDirect, I’ll move the money […]

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Monday, July 10th, 2006

First Arbitrage Deal

Arbitrage is defined as the nearly simultaneous purchase and sale of securities or foreign exchange in different markets in order to profit from price discrepancies.  Of course, with banks in the US so willing to lend out tens of thousands of dollars at 0%, why bother going out on the forex market to do an […]

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