Criticism

PEAK OIL. It’s Here. We’re Screwed. [CHART]

June 12, 2011

If you haven’t heard of “peak oil” before, you’ll be hearing a lot more about it in the coming years, because it’s here.  For the first time ever – EVER, in 2010, oil consumption exceeded production by over 5m barrels per day. And one wonders why we have $100 oil and $4 gas. While politicians […]

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Disturbing Study: Americans Are HORRIBLE With Money – The Stats

June 8, 2011

We all know Americans aren’t very good with their money (and evidently, citizens of many other countries aren’t either, but we’re REALLY bad), but this latest study puts it into perspective with disturbing statistics and approaches to measuring and reporting just how bad most Americans are at understanding the most basic financial principals that many […]

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Warning: Your Pension & Social Security Are Quoted in FUTURE Dollars – How to Convert to Present Value

June 5, 2011

I was playing around with our firm’s pension tool the other day after plopping in assumptions for retirement date, assumed future salary increases and other factors, the model would return what various pension options would pay me per month.  For instance, if I wanted my survivor (wife) to enjoy the same monthly income after my […]

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7 Things Your Pool Contractor Won’t Tell You

May 22, 2011

  I know, I’m set to be banished to eternal personal finance damnation for admitting this (after surviving that “rapture”), but we’re putting in a swimming pool!  While I’m fully aware that pools don’t make for a good “investment”, this is a lifestyle choice we made after careful consideration.  When we had saved for years […]

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A Novel Idea to Solve The Debt Ceiling Crisis

May 1, 2011

I first started highlighting the circus that would ensue regarding the debt ceiling vote months ago where I laid out the likely political posturing and likely outcomes.  What I didn’t lay out at that time was after we pass this next debt ceiling increase, what happens from there.  Based on the past several debt ceiling […]

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Crowd-Sourcing Fail

April 26, 2011

I read about the latest crowdsourcing initiative to be generating some buzz.  In this case, it’s a mortgage rate comparison tool which relies on reports from “the community” instead of the usual inputs that mortgage sites list.  The site is called SmartHippo with the tagline “join the herd, save money“.  The premise here is that […]

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