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Mike Folkerth is the author of "The Biggest Lie Ever Believed" and is not your run-of-the-mill author of finance and economics.
The former real estate broker, developer, private real estate fund manager, auctioneer, Alaskan bush pilot, restaurateur, U.S. Navy veteran, heavy equipment operator, taxi cab driver, fishing guide, horse packer and few jobs too embarrassing to mention, writes from experience and plain common sense.
Mikes humorous systems of Mikeronomics and Mikemathics drastically simplify the economic and mathematic formulas commonly used by very smart, but terribly sheltered individuals.
(4 comments) SHARE Tuesday, August 26, 2008 Paradigm Shift; Change Your Life:
Economy got you down? We often go about our lives following rules, concepts and values that we have never questioned, they are called paradigms. Happiness may be a paradigm shift away.
(2 comments) SHARE Monday, August 25, 2008 Will Our Economy EVER Recover?
Most news programs, financial forecasters, and politicians talk in terms of when our economy will recover, not IF it will recover. And certainly not HOW it will recover.
I don't believe that recovery to our former borrow and spend lifestyles is in our future. "Transform" is far more accurate description than recovery.
(3 comments) SHARE Friday, August 22, 2008 Conform to American Standards; Or Else!
America seems to be intent on forcing our flawed economic practices on the remainder of the world. The bad part is that several of them have taken us up on the offer.
SHARE Wednesday, August 20, 2008 War, Oil and Lies:
The divisiveness lies spread by our two party system will destroy America within. That is if our preoccupation with world war doesn't kill us first.
(13 comments) SHARE Wednesday, August 13, 2008 Is America Salvagable From Ourselves?
The divisions that continue to deepen within America's citizenry, may well be the most critical and underreported issue of modern times.
SHARE Monday, August 11, 2008 Energy, Careers and Gold:
Short memories, old value standards and a faltering economy, make for interesting times; if falling living standards are interesting that is.
The U.S. economy is no more unsinkable than the Titanic and has even fewer life boats. I suggest building your own.
(1 comments) SHARE Wednesday, August 6, 2008 Home Sweet Home; The Future of Housing:
Housing as we know it today will never return. America has reached the end of a era. Read on for my reasoning regarding the end of housing as we know it.
SHARE Friday, August 1, 2008 Housing Woes; Is There No End?
The decline in housing prices, foreclosures and the snails pace of the building industry is not nearly at a turning point, unless that is, if getting worse is considered a turning point.
(13 comments) SHARE Wednesday, July 30, 2008 U.S. Economy; A House of Cards:
As we watch the final maneuvering by our leadership to bail out our mathematically failed economy, I have to wonder if we didn't get exactly what we deserved?
SHARE Monday, July 28, 2008 Fannie and Freddie; A Pair to Draw To.
The Fannie Mae and Freddie Mac bailout is signed sealed and delivered to the President. How bad is this situation? Horrific, would be a suitable description.
(8 comments) SHARE Thursday, July 24, 2008 The Real News is in the Fine Print:
The bailout for Fannie and Freddie has an interesting provision sandwiched between the pages...an $800 Billion raise for the National Debt ceiling.
SHARE Wednesday, July 23, 2008 Housing Predictions:
That residential housing is in dire straits is not news to anyone. But, how long it will stay that way would certainly be helpful information. My past predictions on housing have been extremely accurate, so here are my future views on housing in the United States.
(3 comments) SHARE Tuesday, July 22, 2008 How Soon We Forget:
We have the history. We even have people still around that can tell us first hand what the Great Depression was like. But then, our illustrious leaders are never going to see depression; we are.
(14 comments) SHARE Friday, July 11, 2008 Black Friday:
As the bad economic news continues to weigh in, we will look back on this period as the "good 'ol days." The U.S. may well have crossed the line of sustainability.