NOTE: Remember to tune into the Optimistic Bear weekly financial round-up every Tuesday at 9:00pm, Pacific Time. You can also listen to previous shows.
This Week on Bear radio: Are renters throwing money away?
NOTE: Remember to tune into the Optimistic Bear weekly financial round-up every Tuesday at 9:00pm, Pacific Time. You can also listen to previous shows.
This Week on Bear radio: No idea is too wacky in the bizarro world of central banking these days
NOTE: Remember to tune into the Optimistic Bear weekly financial round-up every Tuesday at 9:00pm, Pacific Time. You can also listen to previous shows.
This Week on Bear radio: Deadbeat lending is sweet when someone else guarantees the loan
In addition, we discuss how investing in Gold is a good idea for security but not as a path to wealth.
You can check out Doug’s web site for more insights on deflation and advice in gold investing.
NOTE: Remember to tune into the Optimistic Bear weekly financial round-up every Tuesday at 9:00pm, Pacific Time. You can also listen to previous shows.
job search tales: Making the most of networking events
You can find out about Paul’s ideas and career strategy courses here:
http://prolango.com
NOTE: Please contact Michael if you are interested in being a guest on "Tales from the job search trenches" podcasts. Michael would like to discuss your job search strategy, and brainstorm ways to improve it with you.
job search tales: Grades alone aren't enough to get a job
In this episode Dan Hallak shares his experiences helping college students plan their careers, helping them develop strategies to build portfolios, and industry contacts, long before they graduate. It's not good enough to just have good grades anymore. College grads have to have a focussed career strategy. Luckily, Dan explains how colleges offer great resources to help both students, and professionals in the broader community, develop career strategies. Students can even "double-dip", using their course-work as tools to build those all critical relationships with the business world.
You can check out more about the career services offered by Dan, and his colleagues at Bellevue College here:
http://bellevuecollege.edu/careers/
NOTE: Please contact Michael if you are interested in being a guest on "Tales from the job search trenches" podcasts. Michael would like to discuss your job search strategy, and brainstorm ways to improve it with you.
Mosques and Burning Quarans: Legality v. Respect
Ironically, there are vehement calls for the Floridian pastor to show respect for Islam by not burning Quarans on September 11th. Unless those demanding that he not follow through with his plans are also pleading that the Muslim community similarly show respect by not building the proposed community center in New York, they are hypocrits. Some have even gone so far as to say that there may be vengeful killings of Americans in the middle east in reprisal for the Quaran burning in Florida. If this happens, it is merely a confirmation that there is a lack of tolerance among muslims and a dual standard.
Bibles have been burned by Muslims, and Christians have not reacted by killing Muslims. Nor have the people currently decrying the burning of the Quaran spoken out against the bible burnings by Muslims. If there are truly two separate Muslim communities, radically violent extremists and peace-loving, then it would be helpful to hear the peace-loving side publicly decrying the violent side.
In matters of principle, we should be consistent. Respect for others often extends beyond the letter of the law. The Muslim community should refrain from building their community center near Ground Zero for the same reason that they feel the Quarans should not be burned by the pastor in Florida. Each side stands to gain respect only if they demonstrate it themselves. Above all, the United States government should, if anything, entreat both sides to be respectful, and fund neither. By funding the mid-east trip of the 'Ground Zero' Imam, and openly supporting the Islamic Center while criticizing the Quaran-burning, our government is fueling the flames of intolerance by applying a flagrantly biased dual standard.
This Week on Bear radio: Does perception make reality?
Check out Chaster's unique investment fund, run by the investors themselves at http://charlesfund.com.
NOTE: Remember to tune into the Optimistic Bear weekly financial round-up every Tuesday at 9:00pm, Pacific Time. You can also listen to previous shows.
EPNW: Look ma, it's TV on the internet!
NOTE: Check out the complete podcast directory of discussions with entrepreneurs. If you would like to be a guest on Entrepreneurs Northwest, to talk about your business venture, contact Michael Surkan.
The art of the delayed write-off
Many people don't understand the magnitude within the banking industry to "Kick the Can" or "Extend and Pretend". We see a lot of this within the industry.
Banks with existing balance sheet issues (nonperforming loans) really don't want to recognize more loan issues because it could force the FDIC to close them down.
In that light, a bank can take a commercial real estate loan or a business line of credit having issues and do a 3 month extension at loan maturity or change loan payments to interest in an attempt to give the borrower with more time to work things out or bring more capital to the table.
It's not uncommon for a bank to do multiple extensions in the mode of working out a loan with principal reductions over time. I've been in the situation where extensions have lasted 1-2 years. In normal recessions, extensions have worked quite well because borrowers could take equity out of their house or sell stock market assets to cure the loan.
In my estimation, if every bank had the collateral of all loans accurately appraised and each loan’s loan grading was finely tuned for an expected loss based on financial performance and collateral values, the number of essentially bankrupt banks in this county would increase by a factor of 4-5 from the current level.
In other words, there is a potential pool of 2000-3000 banks that would be on the FDIC radar's for getting closed.
This Week on Bear radio: What makes a bear market politician?
NOTE: Remember to tune into the Optimistic Bear weekly financial round-up every Tuesday at 9:00pm, Pacific Time.
Blog Archive
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2010
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September
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- This Week on Bear radio: Are renters throwing mone...
- This Week on Bear radio: No idea is too wacky in t...
- This Week on Bear radio: Deadbeat lending is sweet...
- job search tales: Making the most of networking ev...
- job search tales: Grades alone aren't enough to ge...
- Mosques and Burning Quarans: Legality v. Respect
- This Week on Bear radio: Does perception make real...
- Support Linked:Seattle
- EPNW: Look ma, it's TV on the internet!
- The art of the delayed write-off
- This Week on Bear radio: What makes a bear market ...
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September
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