Is it reasonable to think that today’s stock market, increasing unemployment rate, and the affect of the subprime mortgage crisis on our banking system will end in a crash like the one in 1929? Is another depression similar to the one in the 1930s likely? Given the recent stock market decline, the increasing unemployment rate, […]

A government is a body that has the authority to make and the power to enforce rules and laws. The perfect balance for a government responsible to a capitalistic democracy is to enact rules and laws that have minimal interference with the free markets.
The subprime mortgage problem was created by four parties: Lenders, borrowers, investors […]

The Federal Reserve recently estimated the total market value of home real estate to be about $21 trillion with total home mortgage debt at approximately $10.1 trillion. That means U.S. homeowners’ equity was approximately $10.9 trillion in mid-2007. The second quarter equity was down about $6 billion from the first quarter of the year, but […]

Two reasons: (1) The most important factor is jobs. The numbers in Silicon Valley for job creation during the past year are impressive. (2) The second reason is education. The Silicon Valley area has an extraordinary combination of highly rated primary and secondary schools and junior, four year, and graduate colleges.