David's Macro Blog

The World Collapse Explained in 3 Minutes (Too Funny)

David Overfield — Fri, 27 Aug 2010 22:00:14 +0000

British humor we can all understand. Somehow this seems to explain the situation better than CNBC. Why is that?

Economic Recovery… Really?

David Overfield — Fri, 20 Aug 2010 22:00:21 +0000

The belief in a recovery from the global economic collapse in 2008 has gained strength as the unemployment rate has leveled off, the stock market has recovered about 70% and real estate prices have stopped falling. However, do we really have an organically growing economy or something else? A great description of our recent economic [...]

Jon Stewart Explains the May 6th Flash Crash

David Overfield — Fri, 13 Aug 2010 22:00:35 +0000

Jon Stewart, one of the most astute and insightful commentators of our time, explains the May 6th 2010 Flash Crash in this video from the Daily Show: A Nightmare on Wall Street The Daily Show With Jon Stewart Mon – Thurs 11p / 10c

The May 6th “Flash Crash” as Seen on CNBC Live – Conspiracy Theories

David Overfield — Thu, 10 Jun 2010 20:41:46 +0000

On Thursday May 6th the stock market took a unexplained and terrifying plunge down 10% during the day. This highly unusual event called the “Flash Crash” can be seen in real time on CNBC as Erin Burnett is interviewing Jim Cramer on Street Signs. There are many (some conspiracy) theories as to the cause of [...]

72-Year-Old Bodybuilder – an Inspiration

David Overfield — Sun, 09 May 2010 00:57:06 +0000

72-yr-old Ernestine Shepherd runs 80 miles a week and helps seniors live fit. Previously, at age 62 she won the 45 and older masters division.

Goldman Sachs Humor – A Few Good Bankers Doing God’s Work

David Overfield — Fri, 30 Apr 2010 00:45:33 +0000

Humor only works when there is truth embedded within it. This works because while it is humorous, the truth is evident. “You want the truth? You can’t handle the truth. Son, we live in a country with an investment gap. And that gap needs to be filled by men with money. Who’s gonna do it? [...]

Interview with John Ray, Largest Buyer of Foreclosed Homes in Phoenix Area

David Overfield — Tue, 23 Feb 2010 06:00:30 +0000

Last week I interviewed John Ray, the largest buyer of foreclosed homes at the Maricopa County (Phoenix area) trustee sale auction. Through his company, Bid AZ Foreclosures, he currently buys around 100 homes a month on behalf of his clients. Listen as he shares his knowledge and experience on topics such as: getting a good [...]

2009 Site Stats Review

David Overfield — Fri, 12 Feb 2010 04:26:10 +0000

I know it is a little late, but I had to say thanks to all my readers for a memorable 2009, my first full year of blog writing. What started years ago as chatting with co-workers (you know who you are…Alan) has developed into a weekly passion. Here are the stats from 2009. They provide a bar [...]

Foolish Quotes from “Experts” Who Should Have Known Better

David Overfield — Wed, 03 Feb 2010 19:39:33 +0000

Are you an expert if you make mistakes? Are you an expert if you make BIG mistakes? Are you still an expert if you miss the biggest financial bubble in world history? Let’s consider these questions while reviewing some quotes from the so-called “experts” just prior to the 2008 financial collapse and the start of [...]

Is Economic Stability a Myth?

David Overfield — Tue, 26 Jan 2010 09:34:47 +0000

Can good economic times last forever? Is it impossible to have “stable” economic growth? This is the argument presented in Barry Ritholtz’s post: Galbraith: Financial Stability Creates Instability Here are the essential points of the article. When the economy is good for a long time, people then think the good times will continue indefinitely so [...]