Ladies and Gentlemen: The Pay Option ARM

I often attempt to explain to friends and family, in simple and straightforward terms, the basic mechanism of the pay options adjustable rate mortgage. I often feel that I’ve done a poor job in this effort. Fortunately, I’ve found other who have done a much better job at this. Dr. Housing Bubble (www.doctorhousingbubble.com) is aContinue reading “Ladies and Gentlemen: The Pay Option ARM”

Happy birthday Wave Mechanics

Wired has a great article summarizing the significance of today’s anniversary of the consideration of the concept of the possibility of the existence of wave mechanics (physicists can be so modest), thus revolutionizing nearly all fields of scientific exploration and paving the way for this wonderful world of advanced technology. To put it simply, firstContinue reading “Happy birthday Wave Mechanics”

Mexico City shuts down due to flu outbreak

This is a little creepy. The Washington Post is reporting that Mexico City is effectively shut down while a flu outbreak runs its course. The normally fear-mongering news media in the US seems to have completely missed this one. The World Health Organization is convening in Switzerland to discuss methods for slowing the spread ofContinue reading “Mexico City shuts down due to flu outbreak”