CHESSNOID

Random Noid Musings

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My new prepaid cellphone takes videos

OK, I recently upgraded my old virgin prepaid phone the switchback to the new virgin mobile shuttle.  I didn’t really need it and waited for the price to fall which didn’t take very long.  I purchased it at bestbuy for $79.99 and used a 10% discount coupon out of those USPS mailbox moving packages.   I [...]

Will Obama bailout California before it runs out of cash in 50 days?

This is no joke. California has a massive deficit and it can’t print up cash like the Federal government which is no real solution anyways.  The federal government has bailed out banks, insurance companies, housing agencies, and auto makers with more money than California’s budget gap, but bailing out California is just another moral hazard [...]

California has rollbacks to 1989 real estate prices – WOW

I just read the LA Times article and was amazed to see prices in some areas of California falling below prices of 20 years ago.  It seems impossible, but it is real and it is here now.  I think these price drops may stabilize the housing economy in the near term.  I don’t know if [...]

2 reasons why the recession isn’t ending soon

There were 2 good articles that indirectly explain why this severe recession continues to get worse.  The first reason is we do not have an administration that is fiscally responsible.  By that I mean, we continue to spend more than we make.  Yahoo AP:
WASHINGTON (AP) — The federal budget deficit soared to a record for [...]