Small Business Boomers

Warren Buffett has spoken. He says he’s putting his personal funds into U.S. equities.  He says, “Be greedy when others are fearful and fearful when others are greedy.”
As much as I admire Mr. Buffett, I’m wondering about his motive.  If I take him at his word, he just figures you should stick to the conventional wisdom of buying low and selling high.  His rescue of both Goldman Sachs and GE has historical precedent:

Some of you historians might be interested in the parallels between Buffett and J.P. Morgan, who rescued the U.S. economy on two occasions:
  During the Panic of 1893, …read more

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Despite the threats of tight credit, and concerns about the effect of the failure of the ‘bailout’ on “Main Street,” not everyone is worried.  I spoke with two people today who received startup loans.  One got a loan for a professional practice with 10 percent down and no co-signer.  The second got an SBA loan (I thought the SBA money was not available); the second person is a woman, if that makes any difference.
On the other hand, a friend who works for a large national bank said they are pulling in lines of credit (cutting them off, in other words) …read more

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Lawmakers just announced the settlement of the $700 billion financial bailout, after much discussion. Whew! I for one am relieved.
The bailout does include limits on pay of executives. Most of us would agree with that, except for those execs, that it. And the legislation contains measures to help prevent home foreclosures.
Now all we have to do is keep consumer confidence up, which won’t be easy. I spent some time reviewing my 401(k)s and IRAs, and they are, of course, down. But I’m biding my time. I suggest you do …read more

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