Michael Gracie 

Technology The Cloud Isn’t Safe?! (Or Did Black Hat Just Scare Us?) [ReadWriteWeb] – Me thinks it isn’t too safe now, but might get a whole lot safer here very soon. FACEBOOK FIRED: 8% of US Companies Have Sacked Social Media Miscreants [Mashable] – Ok…I signed up for Facebook in early August, and everyone knows [...]

The first brush: Almost a Quarter of U.S. Homeowners Are Underwater – stats were taken from a report by Zillow.com. Barry Ritholtz clears things up a bit – in reality, 33% of Homeowners w/Mortgages Are Underwater. Meanwhile, the luxury market is beginning to suffer like subprime did two years ago. But, UK homeowners are getting [...]

Nouriel Roubini pulls no punches: Americans lived in a “Made-off” and Ponzi bubble economy for a decade or even longer. Madoff is the mirror of the American economy and of its over-leveraged agents: a house of cards of leverage over leverage by households, financial firms and corporations that has now collapsed in a heap. When [...]

And then grab a stage break Nobody can be right all the time, but Dr. Nouriel Roubini has come pretty darn close so far. That does not, however, preclude being correct into perpetuity. Dr. Roubini has now grasped near constant media attention, and I believe the media’s insatiable desire for content to force down the [...]

Continuing the new found tradition of Hitler parodies… 3:37 – “I’ll just sell some of my Lehman and AIG stock” Classic.

While everyone frets about the latest jobs report, maybe there is a silver lining in those clouds… From Economics 101 we learned that fewer jobs means slower inflation; The early 2007 dollar cliff dive exacerbated consumer price gyrations, but oil prices are now trading near a five-month low; Throw out decoupling theory… Foreign markets in [...]

Doubling up, and freebies, in the rental market. Makes sense – there’s an increasing supply of unsold homes being laid on top of traditional rentals – it is simple supply versus demand. This competition may exacerbate housing price declines too, in the course of determining true valuation with down and dirty mathematics.

At least one was in Detroit: One dollar can get you a large soda at McDonald’s, a used VHS movie at 7-Eleven or a house in Detroit. The fact that a home on the city’s east side was listed for $1 recently shows how depressed the real estate market has become in one of America’s [...]

Reason: “There’s a great misunderstanding of what’s happened,” says economist Allan Meltzer. The main trouble, in his view, is not that Americans are suffering from weak or negative economic growth. It’s that they have suffered a loss of wealth, a very different ailment… When the economy contracts, the government may use sound monetary and fiscal [...]

I was fishing Wednesday, and I had an all day meeting on Friday (which unfortunately was on a river, so I couldn’t use NewsGator Go! to stay abreast). Saturday I pulled another all-dayer – there was no business talk but there was plenty of discussion regarding “life aquatica” and how to fool them. Some folks [...]