UBS: We are witnessing the end of the credit cycle, and a crash is coming

 Posted by on 2016-08-30 at 10:37  economics, Economy, finance, investing, money, Reblog, recession  Comments Off on UBS: We are witnessing the end of the credit cycle, and a crash is coming
Aug 302016
 

UBS thinks the risk of a stock market crash is growing. The era of cheap debt and plentiful liquidity is slowly drawing to an end, according to a team of UBS analysts led by Paul Winter, making it harder to use credit to juice corporate profits.

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Keurig B60 Special Edition Review

 Posted by on 2009-12-09 at 20:26  Economy, Stuff & Junk, Technology  Comments Off on Keurig B60 Special Edition Review
Dec 092009
 
Keurig B60 Special Edition

Some of you may not know, but I drink a lot of coffee. And when I say a lot, I mean like around 100 fl oz per day. I’m also a bit of a coffee-snob, meaning that I won’t drink any old swill you get at Dunkin’ Doughnuts (umm yuck!). So even a large (venti) black coffee at Starbucks costs over $2, and a couple coffees per day (even with free refills) adds up fast.

The recession and a new job have forced me to re-work my budget. So I decided to make coffee at work, but I’m the only one in the office who drinks coffee. So if I were to brew a whole pot, it would go to waste, and I’d be spending about $14/week on beans. So I decided to get the Keurig B60 Special Edition Gourmet Single-Cup Home-Brewing System for the office.

I’m not going to use the K-Cups that most people have to buy for the Keurig. Instead, I’m going to grind my own coffee and use the My K-Cup Reusable Coffee Filter. This will allow me to only use 1-2 lbs of coffee per month at work. This will actually save me somewhere between $50-70 per month on my coffee expenses.

Now for the review of the machine. I’ve been using it for almost a week at this point. Overall I am pleased with the quality of coffee it brews. The trial K-Cups that came with the brewer were pretty bad, not anywhere near up to my standards. However using my own coffee with the reusable filter makes a pretty good cup of java. You need to grind the coffee about as fine as you can (think espresso grind) in order to get good extraction and a dark cup. Be sure to tamp the grounds down lightly into the filter too. The coffee it brews is akin to a French Press, this is because the reusable filter is metal, and not paper. This lets all the flavorful coffee oils flow into your cup. Great for taste, but can do a number on your stomach, so be careful.

As for care and maintenance of the machine, it’s pretty easy. The only major pain is cleaning the reusable filter, but for the money savings, I don’t mind it. All in all I would suggest this machine to anyone who wants fresh coffee often, where brewing an entire pot isn’t economical. So work out the math, and if it makes cents (har har), get one!

Jul 302008
 

I was planning on doing an in depth article about why everything is getting more expensive. It’s a perfect storm of high oil prices, weak US Dollar, high food prices, weak economy and unsustainable wars waged by the United States. Its a fairly complex problem with a very real and simple outcome: Us average folks get screwed. We have to cope with high prices for everything, unemployment, and uncertainty about the future. Instead of doing the long article I was thinking about doing, watch this short video clip from GOOD Magazine about Oil Addiction. It does a decent job of quickly summarizing what is going on in the world to create all of this havoc.

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Money As Debt

 Posted by on 2008-06-03 at 11:53  Economy, News, Politics, Video  1 Response »
Jun 032008
 

I find that most people do not understand how money and credit work, how it came to be, and why the economy functions as it does. These are basic concepts that aren’t really taught in school. It’s amazing that when you try to explain these things to people, their eyes glaze over and they are not interested, despite the fact that virtually everyone living in a capitalist society has to handle some form of money.

I think most people would be amazed if they found out that banks create money out of “thin air”, most would even disbelieve the concept. Banks create money out of debt. When you go to take a loan from a bank, you are not borrowing on someone else’s savings, the bank is basically printing the money on demand. Our economy survives because people are in debt. If all debt were to be repaid, there would be virtually no money left. It boggles the mind.

The following video “Money As Debt” breaks down how our money system works in simple terms, that is easy for anyone to understand. I believe everyone should watch this video at least once to gain a basic understanding on how the monetary system works, and what it means for you and your family. This video simply lays out “how it is”. Enjoy.
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Jun 132007
 

Lets face it, you could always use more money. I’ve tried to take a frugal approach to my spending habits. I’m not perfect, but I’m getting better. I’m going to give you some tips on ways to save money. The less money you spend, the less you have to work. None of these tips will make you rich, nor will the results be instant. With a little discipline over time, you can save a hell of a lot of cash. Please feel free to add your money saving tips in the comments section at the end.

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