LIVING OFF DIVIDENDS & PASSIVE INCOME

Here’s an interesting video of Jim Cramer imploring Ben Bernanke to stick his head out of the Fed window and see whats happening in the markets. Pretty amazing for a 52 year old man to get so worked up over a lousy rate hike. I think he might be losing it!

I wouldn’t be surprized if he had an stroke on tv one of these days! Not sure what he was implying when he said that “they” called him off the air imploring him to do something. Were these people he’s referring to bond managers or hedge fund managers? And what is he supposed to do? Call his buddies in the white house or the Fed office and convince them to cut rates? Or was this spectacle it?

Will the Fed cut rates to help the economy?

I think they will pretty soon, but that will weaken the dollar even further (and hopefully strenghten gold). But atleast all those people who couldn’t afford to buy their homes without super-low rates and ultra-lax lending criteria and who are now faced with losing them will be able to continue the farce a little longer.

What do you guys think?

• Turning Japanese Here's some interesting info from Bill Bonner, author of Empire of Debt: The Rise of an Epic Financial Crisis The Fed is still talking about the risk of inflation...while the risk of deflation rises daily. Deflation happens when liquidity dries up. Suddenly, money disappears. Lenders don’t lend. Spenders don’t spend.......
• Spoke with Robert Campbell today I had a really long chat on the phone with Robert Campbell, author of The Real Estate Timing Newsletter today.I gave a presentation at one of his seminars a few months ago and we've in touch ever since. I like the way he thinks. He does a lot of research......
• The Millionaire Chauffeur Here's another vacation from India. I've hired a chauffeur to drive me around the city of Ahmedabad (also called Amdavad)  in Gujarat state. Even though people don't (more like 'can't) drive fast because of the insane traffic, its very stressful so having someone else drive is a good idea. I......

• Stimulus Check and the Fed Rates - I Think I See the Connection The Federal Economic Stimulus checks should be going out soon. My understanding of the purpose for the checks is to "prime the pump" and give middle and low income households money they can go spend. The spending will create demand for products which will in turn create demand for jobs.......
• Roddick wins Brisbane International Andy Roddick won the Brisbane International this past Sunday at the Pat Rafter Arena by defeating the defending champ Radek Stepanek in two sets, but it wasn't easy. A tiebreak was needed both times. This was Roddick's first tournament after his knee injury last year that ended his season......
• You Never Know What Tomorrow Holds, So Be Prepared James 1:12 - "Blessed is the man who perseveres under trial, because when he has stood the test, he will receive the crown of life that God has promised to those who love him." Update: 10/9/2007 - This post is dedicated to "Rich".  "Rich" passed away on September 26th. ......

[All content is copyright of Living Off Dividends & Passive Income]

Random Posts

• February 18, 2009 -- Demand For Gold Tops $100 Billion!
• June 12, 2007 -- Cheaper Diamonds on the Horizon?
• July 27, 2006 -- Is It Still A Good Time To Invest In Real Estate?
• November 2, 2006 -- Canroy Update
• December 9, 2007 -- November 2007 Passive Income Update
• May 30, 2009 -- How To Reduce A Trillion Dollar Deficit
• November 15, 2007 -- AdultVest: Investing in Porn