Foreclosure Cliff

December 29, 2012

We can thank Ben Bernanke for the phrase “fiscal cliff” – a phrase many observers have tried to soften by pointing out they think it’s more like falling down a slope, sliding down a curve, or even tripping over a curb. I can understand trying to find other metaphors to replace the nearly always fatal results of going off a cliff.

But maybe those observers missed one effect that Bernanke knows drives the economy more than any else: housing. Read the rest of this entry »

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Absurd Phone Call

December 16, 2012

I got a call Friday from Dun & Bradstreet.  I asked why they were calling.  They wanted to sell me their service (no surprise there).  But the reason they wanted to sell their corporate reporting was so I could check on businesses to protect my company.

So what’s absurd about this?

My company was dissolved ten years ago.  I had to file dissolution papers with two states, pay fees, etc. to end its legal existence. Read the rest of this entry »