Half of all homes now being bought with cash
More than half of all homes today are being purchased with cash, up from 20% before the crash, Goldman Sachs economists say. So you can't get a mortgage, but it doesn't matter because a hedge fund is...
View ArticleDid Warren Buffett actually say 'Scrap Obamacare'?
The buzz today among my more reactionary online associates was the "news" that "even Warren Buffett has soured on Obamacare and says that 'we need something else.' " But I couldn't find any coverage of...
View ArticleMedicaid clerk: 'We'll all save money if Obamacare goes down in flames'......
I was in my South Carolina county DSS office today for something else and saw a poster about how you, the Medicaid "member," now can choose your doctor, you deserve good service, etc. The office was...
View ArticleThis is your Gini on capital gains: An investment manager's view of wealth...
In mid-2011, UC-Santa Cruz sociology professor G. William Domhoff published a great article by an anonymous investment manager on where his high-net-worth clients got all that money. Spoiler: Wall...
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