Risk on Crack

I was recently watching CNBC’s “Fast Money” with Mr. Angst when one of the analysts depicted the doings of all those who screwed our capitalist system (with MBS, CDS, and, last but not least, BS), as “risk on crack”.

Risk on crack. That’s our life right now, because Mr. Angst lost his job a month ago, and with recession breathing down our collective necks, his odds for a new job appear to be slightly higher than the proverbial snowball in hell's chances of remaining frozen.

But this blog will not be a bitchfest. Instead, I’m going to highlight how we manage to struggle on, with lots of ideas and tips for you that address the fine art of living on less. I’ll also mix in some palatable schooling on economics, finance, investments, risk, and Wall Street, for anyone who doesn’t know a CDS (credit default swap) from CDs (certificates of deposit).

Political commentary will appear hither and yon, because I can’t talk economics without pointing out exactly how screwed up things are right now, and who the likely culprits are. Sadly, it's a long, long list. As Lily Tomlin said, “things are going to get a lot worse before they get worse.”

Finally, one thing you will not find in this blog is whining for more entitlements from Uncle Sugar. I’m disgusted with many of the boomers who, now that they’re nearing retirement, want as much “free” money and medical care as they can scarf up. I’m not talking the destitute–I’m talking folks with one-plus million in their IRAs and 401Ks who feel entitled to trash our children’s (and our country's) future just so they can use Social Security to pay the mortgage on their vacation home. And you can be damned certain we’re not talking Baltic Avenue when it comes to their addresses. (I realize the Monopoly reference may be over the heads of anyone who didn’t grow up with this board game.)

That’s it for now. Go enjoy your weekend already. I'm lightening up just thinking about a cup of hot tea and a good book and time with Mr. Angst.