The Poverty Business
Sorry if this appears to be an older article, and not latest headlines, just thought it was interesting - loki The Poverty Business Inside U.S ... into Byrider, Tsosie drove off, jubilant, in a 1999 Saturn subcompact she bought entirely on credit ... access to credit has put cars, computers, credit cards, and even homes within reach for many [more...]
Date: 2009-01-15 00:45:24
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A HUGE Currency Rally!
Gaza bombing has dollar on the run… More proof we’re turning Japanese… Adding to the debt burden… What will deflation do for the dollar? ... they’re just going to get worse, and that spells bad times for the dollar… Eventually… I did a lot ... to dig the economy out of recession, said Akio Mikuni, president of credit ratings agency Mikuni &amp [more...]
Date: 2008-12-29 15:45:39
The New China, Bush Asks for TARP, 2009 Oil Surprise, Buy Turkmenistan and More!
by Addison Wiggin & Ian Mathias Chinese exports dive; oil imports, money supply and leverage rise… sound familiar? Bush asks for rest of $700 billion TARP… S&P says USA’s credit rating getting shaky Dan ... d been forecasting that because the economic paradigm “We think, they sweat” was a bad one — it was unlikely [more...]
Date: 2009-01-08 01:36:29
Data Shows Just How Bad Things Are
Data shows just how bad things are… Trade deficits narrow… EU confirms they are in a recession… RBA intervening again… And Now… Today’s Pfennig! ... just get right to it. The dollar continued to strengthen yesterday after another round of bad weekly ... , and job losses will only make this worse. While the total size of the consumer credit market is [more...]
Date: 2008-11-14 17:44:03
Things You Tend Not To Spend Much Time Thinking Seriously About When Making A Decision To Relocate
I have had this item on my blogging to-do list for probably 18 months now, without attempting to address it ... s start with credit history, something discussed in this blog a long time ago. Or, rather, your lack of such overseas, which will hamper your efforts to obtain auto financing or even apply for local credit [more...]
Date: 2009-01-15 20:29:06
Rainbow Financing
Believe it or not, a certain company exist nowadays that provides Car loans to everyone. Yes, they offer the cheapest loans with the best APR rates ... your own car and credit history is not a problem with them even if you had good or bad credit before ... , they are still serving many people that are looking for the best loan company in town. Rainbow [more...]
Date: 2009-01-13 22:36:00
DrumBeat: December 18, 2008
Oil drops 9 pct as demand outlook overshadows OPEC NEW YORK (Reuters) - U.S. crude prices dropped more than 9 percent to $36 a barrel Thursday as slumping demand and swelling U.S. inventories offset OPEC's record supply cut agreement. The Organization of the Petroleum Exporting Countries on Wednesday agreed to cut output by 2 [more...]
Date: 2008-12-18 13:42:11
Those Order Takers Are Now Gone In California
The Ventura County Star reports from California. “According to Bill Watkins, executive director of the UC Santa Barbara Economic Forecast Project…a foreclosed home in California sells for $200,000 less than a traditional home. Until foreclosures are worked through the market, ‘we don’t think the real estate market can clean itself up, [more...]
Date: 2008-12-27 18:47:48
Is Debt Necessary For Generating Income?
“Margie” writes in: My husband and I are pretty frugal, but we currently carry about $25,000 in credit card debt and a personal loan ... about $1,200 on each one of the the personal loan and two credit cards. This way we’ll be able to pay off ... ? First of all, it’s worthwhile to get a bead on how bad this debt actually is. Margie reports [more...]
Date: 2008-11-26 20:00:49
Personal Finance Money Tips Q&A #1
This is the first post of the regular questions and answers series. If you have any question, please try our forum ... . To me, I have bad experience with a local bank (not good to disclose here, just call it Bank A) - poor service and slow respond. I am refinancing the home loan to HSBC and Bank A keeps giving trouble [more...]
Date: 2009-01-08 23:00:50
Portugal Sustains
by Edward Hugh: Barcelona "Art has a function of teaching about the human condition. We live in hope, hope is fundamental" - Manoel de Oliveira Manoel de Oliveira (photo and quote above) is a living example for the Potuguese people of how to force their way out of the low growth/low per capita income trap into which they have [more...]
Date: 2009-01-12 19:22:42
Why Spain's Economic Crisis Is Something More Than A "Housing Slump"
Spain's inflation (as measured by the EU HICP methodology) was around 1.5% (year on year) in December 2008, according to the flash estimate issued by the stats office (INE) earlier this week. This number only offers us an initial glimpse of the final HICP reading, but, if confirmed, it will mean Spain's annual rate of inflation has dropped 0.9% ( [more...]
Date: 2009-01-07 14:32:00
Why Spain's Economic Crisis Is Something More Than A "Housing Slump"
Spain's inflation (as measured by the EU HICP methodology) was around 1.5% (year on year) in December 2008, according to the flash estimate issued by the stats office (INE) earlier this week. This number only offers us an initial glimpse of the final HICP reading, but, if confirmed, it will mean Spain's annual rate of inflation has dropped 0.9% ( [more...]
Date: 2009-01-07 14:29:00
Portugal Sustains
“Art has a function of teaching about the human condition. We live in hope, hope is fundamental” - Manoel de Oliveira Manoel de Oliveira (photo and quote above) is a living example for the Potuguese people of how to force their way out of the low growth/low per capita income trap into which they have steadily stuck their neck [more...]
Date: 2009-01-12 14:37:23
Red Bows Sell Cars Despite Down Economy
This weekend, a mob crushed a store employee to death in search of good bargains ... (k) from disappearing as they watch CNBC about just how bad the economy is, only to have that Christmas ad flash on the screen with a big red bow around the new car being given as a Christmas present [more...]
Date: 2008-12-01 16:59:23
Mortgage: 3 Tips On Finding The Cheapest Rates
There are a lot of things to do when looking to buy a home but the most important is to get the most interesting mortgage loan rates available on the market. When applying for a loan, having a high credit score allows you to have a number ... one. Important: in some countries there are only established only two kinds of credit score: the good [more...]
Date: 2009-01-17 12:34:42
Spain's Inflation Plunges As The Current Account Deficit Gradually Eases Back
Spain's inflation (as measured by the EU HICP methodology) was around 1.5% (year on year) in December 2008, according to the flash estimate issued by the stats office (INE) earlier this week. This number only offers us an initial glimpse of the final HICP reading, but, if confirmed, it will mean Spain's annual rate of inflation has dropped 0.9% ( [more...]
Date: 2009-01-07 10:31:00
Economic and Investing Forecast for 2009: 10 Charts Showing no Economic Rebound in 2009.
Today the ADP National Employment Report stated that private sector jobs fell by a much larger than expected 693,000 in December. This report stunned on the downside and is a prelude to the Bureau of Labor and Statistics report which comes out on Friday. The market also suffered its worst one day since early December [more...]
Date: 2009-01-08 08:01:43
DrumBeat: January 13, 2009
Analysis: Global power demand to languish in 2009 The outlook for energy commodities this year remains grim, says a new report from Merril Lynch. Neither cold winter temperatures in the Northern Hemisphere nor a steep fall in the price of energy have provided much support to the demand for oil, natural gas or coal [more...]
Date: 2009-01-08 01:35:34
Deals of the Day: The Black Hole That Is AIG
By Stephen Grocer Deals of the Day gathers all the biggest news of the morning related to mergers and acquisitions, bankruptcies, financing and private equity. You can also bookmark Deal Journal for easy visiting throughout ... as it reported a $24.47 billion third-quarter loss. WSJ Whom to save? Whom to save? The auto-industry [more...]
Date: 2008-11-10 14:00:37
Is there Good Debt?
by Michael Geoffrey Some people think that all debt is bad. But that is not the case. There is some debt that is actually good ... . The overwhelming majority of credit card purchases are things that lose value. Another bad debt is borrowing ... with the potential for a greater return in the long run. The money you spend is gone. * Credit card debt [more...]
Date: 2009-01-17 09:19:02
Get Help With Debt When Necessary
Having debt is something that almost everybody has to deal with in their lives ... that determine its seriousness. Things like missed payments on magazine subscriptions or credit card debt shouldn ... . There are numerous forms of debt, so it’s not necessarily a bad thing. While debt is essentially [more...]
Date: 2009-01-16 10:02:27
Portugal Sustains
"Art has a function of teaching about the human condition. We live in hope, hope is fundamental" - Manoel de OliveiraManoel de Oliveira (photo and quote above) is a living example for the Potuguese people of how to force their way out of the low growth/low per capita income trap into which they have steadily stuck their neck [more...]
Date: 2009-01-12 14:35:00
Auto Leasing Guide - Vocabulary
Auto leasing has increased in popularity in the last few years and many car buyers are facing the same question over and over: leasing, financing or paying cash. Despite the increased new car sales through leasing programs, many ... - but they are not comfortable with the unfamiliar language or the entire leasing process. Credit: [more...]
Date: 2009-01-02 05:00:32
$75 Billion Needlessly Lost in Hasty Lehman Bankruptcy Filing?
There is a piece I regard as truly odd in the Wall Street Journal tonight. Either much of what I have read about investment bank bankruptcies is wrong, or something peculiar is at what used to be the house of Lehman. A Wall Street Journal article, "Lehman's Chaotic Bankruptcy Filing Destroyed Billions in Value," [more...]
Date: 2008-12-29 06:11:28
First Time Car Loaner: Free Helpful Knowledgebase
If the financial implications worry you and you dream of owning a car, then you still have many options left ... types of loan. And even if you have a bad credit, you can still get a loan from a specialist provider ... ways; - find the right auto financing alternatives for you. - determine a car loans total costs [more...]
Date: 2009-01-16 09:24:48
Get Professional Advice - First Time Car Loaner
If the financial implications worry you and you dream of owning a car, then you still have many options left ... of loan. And even if you have a bad credit, you can still get a loan from a specialist provider ... ways; - find the right auto financing alternatives for you. - determine a car loans total costs [more...]
Date: 2009-01-16 15:50:00
Using Good Debt to Pay for a House, Car, or Education
Hello again! Cate here, talking, as usual, about debt. The point of my series here at Queercents is to talk about the dangers of getting into debt ... that will produce concrete benefits to your life. The bad kind of credit card debt that I’ve talked about often ... benefit. I’ve had both kinds: Bad Debt: $5,000 credit card debt from living beyond my [more...]
Date: 2009-01-16 02:45:14
Weakened Credit Lines Have Eliminated 100 Percent Auto Financing Deals
In generous times, consumers were able to procure 100% financing on cars ... in order to purchase a vehicle, and others without stellar credit can find financing opportunities ... industry. Credit lines have shrunk, and lenders have imposed strict standards for borrowers to follow [more...]
Date: 2009-01-13 17:41:54
These Latin American Countries Will Thrive In 2009
The brutal market sell-off in emerging markets has led many to doubt their importance in the global economy. But Horacio Marquez says the ‘right’ countries in Latin America will thrive in the New Year. Top of the class is Brazil, but Horacio also sees good opportunities in Chile and Mexico [more...]
Date: 2008-12-15 12:34:10
Best Auto Loan - Tips for Avoiding an Upside Down Loan
If you are new to the car buying process, the likelihood of acquiring a bad auto loan is high. For this matter, car buyers must familiarize themselves with how the financing process works ... than it’s worth. If possible, limit loan terms to 60 months or less. For a list of reputable auto [more...]
Date: 2009-01-17 06:47:20
Deals of the Day: Goldman Recommends Fannie Mae Bonds
Deals of the Day, compiled by Stephen Grocer and Heidi N ... , bankruptcies, financing and private equity. You can bookmark Deal Journal for easy visiting throughout ... billion rescue package for the nation’s imperiled auto industry Wednesday night, but the emergency [more...]
Date: 2008-12-11 13:33:58
Does Penny-Pinching Encourage Economic Decline?
About the author: This is a guest post by Carson Brackney, writer for Personal Finance Analyst. Personal Finance Analyst is an online community of bloggers dedicated to taking the mystery out of money and helping you to live a happier, more successful life with the money you have [more...]
Date: 2008-11-29 14:00:07
General Motors Fights Uphill Battle with Double Edged Sword
Shortly after the U.S. government lent the Big Three $17 ... into trouble in the first place by giving out loans to sub-prime borrowers for not only car loans, but mortgages as well (Ditech is owned by GMAC, for example). To stem bad loans, earlier this year [more...]
Date: 2008-12-31 09:33:29
Find Out Now Useful Knowledge - Car Loans
Find Out Now Useful Knowledge - Car Loans Posted on January 16, 2009 (0) Comments Show Bookmarks [ ... if you have a bad credit, although at a higher interest rate. Having finalized a deal, you shall ... . Even if you have bad credit, these companies will be happy to consider your car loan application [more...]
Date: 2009-01-16 12:40:10
Bailout of Big 3 Automakers Risky, Likely Disaster; Restructuring Bankruptcy Better Solution
Everyday is like Halloween in DC with politicians handing out dollars like candy. After a discussion with MOMocrat Kady about the Big 3 automaker proposed bailout, it's clear reform is in order instead of throwing more bailout money after bad. Here's a transcript of our chat [more...]
Date: 2008-11-18 20:55:13
Insider Q&A: O.C. bank president on his $5 million in TARP funds
Simmons Commerce National Bank in Newport Beach is the latest O.C. bank to get funds from the U.S. Treasury Department’s $700 billion for aiding financial institutions. The only other bank headquartered in Orange County to get TARP funding is the Saigon National Ban in Westminster, which received $1.5 million [more...]
Date: 2009-01-15 10:00:55
Chrysler gets TARP funds to make car loans
Filed under: Bad newsThe United States government is providing $1.5 billion in loans to the financing arm of Chrysler to help it make car loans. What? I understand that the credit markets are tight and that's making it tough for people with marginal credit scores to get car loans but here's the reality: People with marginal credit scores [more...]
Date: 2009-01-16 21:25:00
Showroom Experience: A Tale of Two Showrooms
CNY @ BMW: Sapura Auto & Auto Bavaria Bkt Bintang “It was the best of times, ... publishing a prayer of comfort, things are obviously bad. But are they? My mother tells ... of Sapura Auto along Jalan Tun Razak on Saturday, I was quite tempted to think that the status quo is still [more...]
Date: 2009-01-12 07:08:46
Circuit City to close 567 remaining US stores
Circuit City became the largest retailer to fall victim to the expanding financial crisis Friday, announcing it will shut down its remaining 567 U.S ... had been seeking a buyer or a deal to refinance its debt, but the hobbled credit market and consumer [more...]
Date: 2009-01-16 18:12:54
Car Loans
Like all sophisticates, ... a great job of detailing how the car loan business looked amidst the general credit madness: Here’ ... the financing, often because they advertise lower rates than banks. That’s when the scam starts. Many car [more...]
Date: 2008-12-22 18:56:16
Pay Me My Money Down
Pay Me My Money Down—Bruce Springsteen In a healthy real estate market, people only take on as much debt as they can afford, ... your loan. This method of building wealth, the only one that really works, has been much maligned over [more...]
Date: 2009-01-08 20:30:56
Gates of Vienna News Feed 11/21/2008
Make sure you look at all the pirate stories tonight. Most of them are in the “Sub-Saharan Africa” section, and not all of them have headlines. So keep scrolling.Thanks to C. Cantoni, Insubria, JD, VH, and all the other tipsters who sent these in. Headlines and articles are below the fold [more...]
Date: 2008-11-22 04:54:00
As Hungary's Recession Deepens The Central Bank Cuts Rates In "Snails Pace" Mode
The fact that Hungary's National Bank did not decide to make an unexpected interest rate cut at its meeting earlier this week seems to have surprised ... lead to a rise in mortgage defaults and problems for the banking system as holders of Swiss Franc [more...]
Date: 2009-01-08 17:37:00
Auto Sales Plunge To Lowest Level Since 1982
MarketWatch is reporting Automakers post steep sales declines. Here are some of the highlights from the report.Ford, Lincoln and Mercury combined car sales fell 31.5% to 37,272 units. Ford truck sales slumped 29% to 81,546 units with sales of the flagship F-Series pickup down 18.6% to 37,911. Volvo sales tumbled 46.5% to 4,404 vehicles [more...]
Date: 2008-12-03 05:02:00
Words from the (investment) wise 12.15.08
Words from the (investment) wise for the week that was (December 8 - 12, 2008) ... that liquidity was still being hoarded. (Also see my “Credit Crisis Watch“.) 13-dec-v1.jpg Source ... of the biggest industrial failure in US history caused a sell-off on global stock markets, a widening of credit [more...]
Date: 2008-12-14 12:42:13
As Hungary's Recession Deepens The Central Bank Cuts Rates In "Snails Pace" Mode
by Edward Hugh: BarcelonaThe fact that Hungary's National Bank did not decide to make an unexpected interest rate cut at its meeting earlier this ... such devaluation would inevitably lead to a rise in mortgage defaults and problems for the banking [more...]
Date: 2009-01-08 17:37:00
NY-Senate: Much Ado About Nothing (Yet)
NY-Senate: Much Ado About Nothing (Yet) Caroline Kennedy listens to a reporter's question during a news conference at City Hall in Buffalo, N.Y. on Wednesday, Dec. 17, 2008. Kennedy is campaigning for the open Senate seat vacated by Hillary Clinton. (AP Photo/Don Heupel) [more...]
Date: 2009-01-02 23:00:00
Words from the (investment) wise 12.28.08
Investors spent the holiday-shortened Christmas week in an un-merry mood, digesting more gloomy economic data and taking stock of a tumultuous 2008 ... s exuberance), but also still be battling with the implications of the credit crisis for the global economy [more...]
Date: 2008-12-28 12:31:33
Looking back at 2008, looking forward to 2009
As I had expected, 2008 was a year of consolidation ... first round of financing? Graduating from College: Starting your own business or joining an established company? Interview about OLX on Fox Business News Sarkozy: The First Year The US Economy: How bad [more...]
Date: 2009-01-08 22:36:58
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