Gloom and doom
Updated A colleague at work told me the other day that she's recently read a book (the title of which I did not get) ... industry; the drying up of credit; the bankruptcies of AIG and Lehman Brothers; the failure of Merrill ... which runs on credit) even shakier than we've been lead to (or allowed to) believe and far worse [more...]
Date: 2008-11-24 11:34:33
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8 Tips to Financial Stability for Small Businesses
This is a guest post by my business partner George. Each owner of Pure Adapt will be writing a post while I’m on vacation. Financing a small business can be very stressful when you are working with limited capital ... to assess how good or bad your business is doing. By entering everything into QuickBooks [more...]
Date: 2009-01-08 02:47:55
Special Report: Credit Crisis and the Industry - From Dealer News
“I think it’s the sheep effect,” says Carlo Hansen, co-owner of Riverside Kawasaki in Somerville, Mass. “Everybody is scared at the same time. All the news is bad.” Hansen is referring to the nationwide credit crunch. He says even ... captive finance programs. Exceptions include BMW, Harley-Davidson and Honda, all of which [more...]
Date: 2008-12-28 17:04:52
Cerberus on Debt Markets: ?We Were Wrong?
Cerberus Capital Management is named for the three-headed dog that guards the gates of Hades, ... bondholders, which could hurt the auto maker’s chance of financing itself. Our colleague Jason Corcoran in Europe recently concluded that fund managers had predicted several false bottoms and bad buying [more...]
Date: 2008-12-24 09:12:00
Good Bye to 2008 - A Look Back At a Crazy Year for the Economy
2008 is finally at an end, and as the economy totters forward, we can say we survived a tumultuous year. That is an understatement ... was near Chicago mortgage refinance imploding. As overseas market started to tank based on bad news ... . In hindsight, the fan was just starting to spin last year. It was this year that the bad decisions [more...]
Date: 2009-01-01 02:08:08
Low Interest Auto Loans - How to Get the Best Car Loan Deal
Tip! Try to find an auto loan with an affordable monthly repayment that you can pay back in as short a timescale as possible ... a top priority. Each year, millions of car buyers obtain bad auto loans. These include upside down ... Your Credit Rating before Applying for New Auto Loan Your credit rating will determine the type of auto [more...]
Date: 2009-01-01 05:47:12
The Market Treads Water While Short-Termism Continues to Dominate
The Fed push rates towards zero. The White House stretches the intent of TARP in order to bail out the automakers ... the foundations of another credit bubble and hyper-inflation when consumption resumes. The impact ... them rebuild their capital positions by holding term Treasuries, financing short and riding the yield [more...]
Date: 2008-12-20 20:40:21
The Market Treads Water While Short-Termism Continues to Dominate
The Fed push rates towards zero. The White House stretches the intent of TARP in order to bail out the automakers ... the foundations of another credit bubble and hyper-inflation when consumption resumes. The impact ... them rebuild their capital positions by holding term Treasuries, financing short and riding the yield [more...]
Date: 2008-12-20 16:57:14
Build A Credit History Before Getting A Car Loan.
Build A Credit History Before Getting A Car Loan. by Don RayIf you are a first time buyer there are a few things that you want to remember in order to get approved for a car loan, even if you don’t have a credit history there are ways to get around it, many lenders will help you get a loan regardless of your bad credit history,it doesn’t matter if you have no credit or even bankruptcies there are companies willing to help you get approved.Apply for a Major Gas Or Credit CardMost finance [more...]
Date: 2009-09-28 21:47:32
Easy Car Loans In Difficult Times.
by John Brennan Before the economy burst into crisis recently, you were able to get a credit to buy a car virtually from any company ... that had a very bad credit history. Today with the credit market in a huge crunch, even gigantic ... rates. Even if you have a bad credit history, the dealers are in a very tight spot right [more...]
Date: 2009-01-03 08:43:51
Is Your Credit Score Costing You Money?
Most of us want a good credit report to obtain automobile financing, credit cards, and to purchase a home ... you know that your credit history can keep you from getting utility connections, good telephone rates, the best auto ... owners’ insurance, auto, and life insurance companies set minimum credit standards for their policy [more...]
Date: 2008-12-30 04:11:53
No Credit Car Loans.
September 28, 2009 | By Don Ray In Finance | by Don RayA few things for first time car buyers to remember to get approved for a car loan, if you have a no credit history there are a few ways to get around it, despite your bad credit there are lenders willing to help you get a loan, no credit, repossessions, there are still lenders willing to approve you.Apply for a Major Gas Or Credit CardMost finance companies are reluctant to approve a loan application if you have no credit history, [more...]
Date: 2009-09-28 22:00:26
There is Good News and Bad News Every Day here in Ridgewood and all Over the World - You Decide What You Want to Focus On
I am a Geek, a Self-Improvement Junkie and an Eternal Optimist… I read every business, real estate, motivational, self-help and success oriented book I can get my hands on and I take some flak for it from family and friends. However, there are certain threads that run through almost all self-improvement books and these are the ones we should [more...]
Date: 2008-11-01 03:13:37
Doom, gloom, but hey — Obama’s kicking ass
Bob Herbert fills in some of the details the econo-wonks rarely manage to get around to: f we are indeed caught up in the most severe economic crisis since the Great Depression, the ones who will fare the worst are those who already are poor or near-poor. There are millions of them, and yet they remain essentially invisible [more...]
Date: 2008-10-25 18:55:55
GMAC Now Officially Requires 700-Plus FICO Score For New Car Loan [Financiapocalypse]
The Financiapocalypse continues. We just received a copy of an e-mail that went out at GMAC, the lending arm jointly owned by GM and Cerberus, ... : you'll now need a minimum 700 credit bureau score to get a car loan at dealer invoice or below from GMAC ... such as dealer wholesale financing, until the credit markets are stabilized. To assist dealers, GM [more...]
Date: 2008-10-13 22:20:00
Joe the Plumber Replaces Josephine as Most Irritating Character Foisted on National Consciousness
Debate notes below the fold. Q: Economy is down - what's up with that? McC: Nancy Reagan is in the hospital. Short term fix: Fannie and Freddie are to blame for the whole problem - bad mortgages. So take $300B and buy up those mortgages. (the politics of failure have failed - we must make them work [more...]
Date: 2008-10-16 02:43:33
PFBlogger Spotlight: Green Panda Treehouse
What color is US currency? It’s green. What’s one of the most content creatures on the planet? Well, one of them is a panda ... of it. I got a credit card in college and like many of my friends, I charged on it like crazy ... some of my friends (who would return the favor and use their credit card next time). I also thought [more...]
Date: 2008-08-07 16:28:03
Deals of the Day: What if a GM Bankruptcy Isn?t So Bad?
By Stephen Grocer and Heidi N. Moore 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 ... Wall Street rescue fund to bail out Detroit auto makers. WSJ Related: What if a GM bankruptcy isn’ [more...]
Date: 2008-11-12 14:39:47
Car Loan Refinance - How to Avoid Dealer Scams?
div style=’float: right; width: 100px; padding: 5px; margin: 5px; background-color: #FFFFCC;’font size=1font color=’#cc0000′bTip! ... the application process. You don’t need to go through a third party, even if you have bad credit ... available that allow you to call from home or the showroom for pre-approval on your car loan./font [more...]
Date: 2009-01-15 17:15:29
Steve Parker: What failure of bailout bill means to car buyers, carmakers and dealers
The worst news from yesterday's rejection of the bailout will be for, as usual, those least able to afford it ... get foreclosed; a few weeks versus as long as a year. Some new and used car dealers have electronics ... posting. New car dealers treat their used car lots like jewelry stores; they often make more profit [more...]
Date: 2008-09-30 12:07:44
Bailout Mania!
In the wake of the Wall Street bailout which now is reaching $3 trillion dollars in bailout and loans (not just the $700 billion as was o ... with a bailout. Government financing of bad business practices is the hallmark of Socialism ... . The United Auto Workers has said it wants $25 billion to help fund the union- run retiree health-care [more...]
Date: 2008-11-13 11:00:00
Three Industries That Could Use Government Money
In a year when spreading the wealth has become a political flashpoint, we have to ask: ... providers of credit in the universe but other companies–and should they be covered because they’re ... . Allstate, for instance, has taken impairments or write-downs for two quarters in a row on its credit [more...]
Date: 2008-11-04 13:47:00
Five C analysis of borrower creditworthiness
What are lenders looking for? It is important to understand what lenders look for when they lend money because companies often need to borrow money ... industry (e.g. construction, auto, or aviation) the company may find it difficult to borrow money during ... , if a company’s management has a bad reputation and poor track record then the company may find [more...]
Date: 2008-12-28 12:48:44
Debt Rattle, November 18 2008: He'll Have To Go
John B. Trevor The Century Ahead 1921 Trevor family trip through western United States Ilargi: ... for the first time, somewhere in southern (?!) Ontario where Stoneleigh will sternly lecture the crowds ... to no more than an exceedingly bad soap opera. This charade is starting to seriously undermine [more...]
Date: 2008-11-18 19:44:54
Hard Times
Hard Times - by Stephen Lendman Hard and troubled. Racked by fear and uncertainty. For many trauma. Experts predict, speculate and conjecture, but no one knows for sure what's ahead. Key questions are whether we're in a protracted and severe recession. Or at the onset of another Great Depression. So much is unresolved [more...]
Date: 2008-10-20 10:13:23
Indiana Bracing for an Auto Cataclysm
By BRIAN A. HOWEY INDIANAPOLIS - Indiana’s auto-bound economy is bracing for either a reprieve or a potentially cataclysmic body blow as the Big 3 ... jobless rate at 6.7 percent and Indiana’s at 6.2 percent, the loss of 111,665 auto industry jobs and $5.2 ... to withstand what looks to be a severe recession. A lack of credit and plummeting trade-in [more...]
Date: 2008-12-05 15:47:24
Auto Financing - Get a Second Chance at Car Loans
You shouldn’t have to allow a bad credit rating to ruin your financial life and prevent you from getting the car you need to visit family, ... are now becoming more specifically tailored to meet the needs of people with a bad credit rating ... these types of loans are much easier to obtain and so many people with bad credit will choose this option [more...]
Date: 2008-11-04 01:30:39
Dealer Gimmicks Wont Get You Approved.
by Donald B Are you the laughing stock of every car dealer after they get a glimpse of your credit report?, all you want is to get into a car without all the hype and hassle,don’t allow dealer ads to fool you, getting a reasonable deal online despite your bad credit is a real possibility now, and we will try to show you what to do to accomplish just that. [more...]
Date: 2009-09-22 09:24:39
Avoid Dealer Gimmicks, And Get A Car Loan
by Donald B So you say the car salesman almost broke out in laughter after he got a glimpse of your credit report?, And you need to get into a car without all the hype, please don’t let dealer ads fool you, we will try to cut through the hype and confusion that you may have about what you should do to get a reasonable deal online despite your bad credit. [more...]
Date: 2009-09-22 09:37:24
Dealer Gimmicks Wont Get You Approved.
by Donald B Are you the laughing stock of every car dealer after they get a glimpse of your credit report?, all you want is to get into a car without all the hype and hassle,don’t allow dealer ads to fool you, getting a reasonable deal online despite your bad credit is a real possibility now, and we will try to show you what to do to accomplish just that. [more...]
Date: 2009-09-22 08:56:03
Dealer Gimmicks Wont Get You Approved.
by Donald B Car salesman laughing at you after viewing your credit report?, all the hype is frustrating you just want to get into a new car without all the hassle and hype, there is a way to cut through all the hype and confusion about how to go about getting a car loan, we will try to show you what to do to get a respectable deal online regardless of your bad credit. [more...]
Date: 2009-09-22 08:54:11
Unsecured Debt Consolidation Loans - What You Should Know
Unsecured loans can be the answer for anybody who is having issues managing their finances and does not have anything to offer as security for the ... on credit cards, store accounts, plus car loans, etc that they are paying each month ... of interest than many of your other loans. Credit cards and store cards usually have high interest [more...]
Date: 2008-12-27 06:03:29
Sovereign Debt The New Ponzi Finance?
``I have no sympathy for Madoff. But the fact is his alleged Ponzi scheme was only slightly more outrageous than the 'legal' scheme that Wall Street was running, fueled by cheap credit, low standards and high greed. What do you call giving a worker who makes only $14,000 a year a nothing-down and nothing-to-pay-for-two-years mortgage to buy [more...]
Date: 2009-01-11 15:25:00
Paulson Says Focus Of Bailout Is Expanding
Treasury Secretary Henry Paulson said today that he was changing the focus of the $ 700 billion bailout passed last month from buying up troubled ... in such areas as credit card debt, auto loans and student loans. Mr. Paulson said 40 percent of the nation’s consumer credit was provided through selling securities that are backed by pools of auto loan [more...]
Date: 2008-11-12 17:14:08
Discover More About Unsecured Debt Consolidation Loans - The Pros And Cons
Unsecured loan for debt consolidation can be the answer for anybody who is having difficulties managing their bills and does not have anything to ... have one repayment to make each month. Most people find that they have many small debts on credit ... of your other bills. Credit cards and store cards usually have high interest and you can often do better [more...]
Date: 2008-12-27 11:34:07
Who will finance America's deficit?
David P. Goldman: The United States government needs to borrow US$1 trillion a year, before a new stimulus package, or handouts for the auto industry, or healthcare reform, or a dozen other spending programs promised by the incoming administration of president-elect Barack Obama. Where will the Treasury find [more...]
Date: 2008-11-12 20:43:38
Worse Than You Think – Part 3
The three largest automakers in the United States have clearly been deficient in their diligence and results. While there are structural and procedural differences between them what is common between General Motors, Ford, and Chrysler is an inability to produce a viable core product [more...]
Date: 2008-12-03 19:45:38
Biggest U.S. Export by far was bad paper
The bundling of consumer loans and home mortgages into packages of securities -- a process known as securitization -- was the biggest U.S. export business of the 21st century. More than $27 trillion of these securities have been sold since 2001, according to the Securities Industry Financial Markets Association, an industry trade group [more...]
Date: 2008-10-27 21:57:55
The smartest young person you know probably can’t get a job this time
At the worst of that era, unemployment was near 25 percent — and there was usually only one breadwinner per family. The jobless rate is now 6.7 percent, still far below even the levels of the recession of the early 1980s. The airports are still mobbed, and the airplanes, though smaller and fewer in frequency, are almost full [more...]
Date: 2008-12-14 05:46:23
Treasury Opens Door to Aid for Broad Array of Firms, Industries
FUCK BAILOUTS. Bad financial decisions should not be rewarded......especially at the taxpayers expense! ... Jan. 1 (Bloomberg) -- The U.S. Treasury threw the door open to taxpayer financing for a widening array of companies and industries by drafting broad [more...]
Date: 2009-01-02 22:13:00
U.S. Automakers, Freddie Mac and Foreign Exporters Next in Line for Bailout Handouts
This week is shaping up to be another active one on the bailout-and-financing front ... , frozen credit lines and dwindling cash reserves calling into question whether they can survive much ... for some form of auto-sector bailout – even an extension of the deal U.S. banks received as part [more...]
Date: 2008-11-17 15:33:21
Review Part II - the beast awakens
August 2007 marks the shift from a functioning economy to a downward spiral of epic proportions ... when troubles came. This time was no different. However, instead of walking from a few thousand in credit card or auto debt, they were walking away from hundreds of thousands in mortgage debt. Again [more...]
Date: 2009-01-08 05:58:24
More from the Front Lines of the Financial Crisis
In its latest economic outlook, Merrill Lynch economists "worry about inflation, or more precisely," a lack of it. From crashing global equity markets, falling commodity prices, rising unemployment, stagnant wages, over-indebted households, declining production, the continuing housing crisis, and more [more...]
Date: 2008-11-10 15:11:27
Debt Rattle, November 22 2008: Ordinary People
Timothy H. O'Sullivan Hero July 1863 John L. Burns, the 'old hero of Gettysburg,' with gun and crutches. Born ca ... , their effective net worth is negative, they have more debts than assets. This is the result of easy credit, used for anything from home and car purchases to all the gadgets and trinkets charged to their credit [more...]
Date: 2008-11-22 20:20:22
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
Save Virginia From Any Federal Auto Bailout
Virginians need to be concerned about what the federal government will do to screw up the economy - like Hoover and FDR did. Bad ideas come from both sides of the aisles and in and out of state. This is a critique ... legislation from the bench. Furthermore, it’s just bad business. Legislators will make presumptions [more...]
Date: 2008-12-17 14:02:00
What Would Happen . . .
southpol: I think that other people have wildly different estimations of what would happen if the auto companies declare bankruptcy ... contend. One in 10 American jobs is related to auto manufacturing. Automakers are the biggest ... doesn’t seem credible to me—I suspect they are counting people with minor, tangential relations to auto [more...]
Date: 2008-11-12 23:35:02
Deals of the Day: Lehman Says ‘No Sale’
By Heidi Moore and Stephen Grocer Deals of the Day includes all the major news of the morning related to mergers and acquisitions and financing ... to automatically sign up for Deals Alert emails. Mergers & Acquisitions Ford: The auto maker held exploratory ... in an effort to make its $35 billion buyout more palatable to the lenders financing the deal [more...]
Date: 2008-07-01 11:39:02
DrumBeat: January 13, 2009
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: 2009-01-15 00:06:24
What to Know About Getting A Business Loan In This Bad Economy
by Dan Kilpatrick It is true. The economic environment just doesn’t look very promising at the moment ... . From the average Joe to auto workers in Detroit to traders on Wall Street, money seems all dried up. Business owners in this bad economy have the simple desire to simply stay afloat as the economic downturn [more...]
Date: 2009-01-14 19:38:28
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