Mortgage Rates, Scary Jobs Details, Investing in 2009, Russian Gas Dispute, and More!

by Addison Wiggin & Ian Mathias Mortgage rates plunge to record lows… but are they at the bottom? ... of the credit crisis. “That’s bad,” Byron King somberly explains. “We already have an aging work force ... to 2009… how to invest amid rife market manipulation If you’ve got money, credit and patience [more...]

Date: 2009-01-08 01:36:29

Blog posts (494) | Videos (394)
 

about it recently, but this weekend's festival is actually a pretty big deal. Historically, local giant fests don't go so well when set up near New York, but this one seems to have the backing and support to actually get done right. First off, it certainly helps to have a band like Radiohead headline two nights [more...]

Date: 2008-08-08 18:53:54

US offers US$13.4b lifeline to GM, Chrysler

US officials on Friday announced a 13.4 billion dollar rescue loan for two of the Big Three automakers, requiring tough reforms, in a move aimed at staving off an economic calamity. General Motors and Chrysler, facing a threat of imminent bankruptcy, agreed to the loan terms and will get the funds starting on December 29. GM would get 9 [more...]

Date: 2008-12-20 00:43:11

Bad Credit Auto Loan Refinance – Should You Refinance With

Bad Credit Auto Loan Refinance – Should You Refinance With Bad Credit?Should we refinance with bad credit? Yes, though usually if we can get a assets with a reduce rate or need a more docile monthly payment. Luckily, with so most lenders competing for your business, we can mostly find great rates and conditions for bad credit automobile refinance loans.Has Your Credit Score Improved?If your credit measure has softened given we creatively financed your automobile loan, afterwards we substantially [more...]

Date: 2009-09-27 19:54:11

Ctrl BG: A Shortcut to Financial News 11/21

It's been another exciting week! Almost comparable to that week in September/October, except no major banks collapse (yet) ... and some don't expect it to be profitable in 2009 as they worry about Citi's exposure to credit card/mortgage ... Buffet), as Citi shares broke the $5 point that day (a 13 year low). This is a very dangerous level [more...]

Date: 2008-11-22 04:32:00

Bailed-Out Banks Stiff Credit Card Customers

Since bailouts are so timely today, Bloomberg weighs in to point out that banks that have been recipients of government bailout money are reacting ... is it that my credit-card loan got pulled? Why am I being charged a higher rate?’” Wonder if Southern ... by charging higher fees on credit cards for consumers. Apparently, they’re trying to get ahead [more...]

Date: 2008-12-19 15:01:55

Gates of Vienna News Feed 10/5/2008

USABailout Bill Loops in Green Tech, IRS SnoopingCrowds Again Gather to Pray Before Image in WindowElection Precinct in Islamic Center That Hosted Extremist’s VisitMilitant Obama Youth March to ‘Alpha, Omega’ ChantN.Y. Times Whitewashes Obama-Ayers ConnectionRacism Without Racists Europe and the EUExtradition Bid Raises Fears of ‘Thought Crime’ [more...]

Date: 2008-10-06 00:49:00

Words from the (investment) wise for the week that was (November 24 – 30, 2008)

The holiday-shortened Thanksgiving week brought investors an additional item to be thankful for when stock markets closed higher for five ... reports were cast aside by equity bulls, arguing that the bad news had already been priced in. However ... investment and $306 billion in asset guarantees. With credit markets still not thawing after [more...]

Date: 2008-11-30 07:45:19

How could they have let this happen?

by gjohnsit crossposted with permission The financial markets have collapsed. The real estate market has collapsed. The auto industry is collapsing ... in sight. The entire world is suffering financial turmoil at least as bad as America, if not worse ... . In fact, as the credit crunch hit Peter Schiff stopped being invited to appear on FOX and CNBC as [more...]

Date: 2008-12-05 11:44:13

What GMAC’s financing means to you

The auto industry got another boost from the federal government this week, in the form of $5 billion in aid to GMAC, ... , but you can have a bad 621 and a good 621,” Griffin said about credit scores. “It doesn’t mean ... for consumers with less-than-pristine credit or those seeking a low financing rate on a new vehicle. Here’ [more...]

Date: 2009-01-02 14:00:09

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

Merry Christmas & Happy Holidays to All!

U.S. Falls Deeper into RecessionBy Alister Bull ReutersWASHINGTON (Reuters) ... a recession ushered in by a credit crisis in the United States, with Japan and Germany becoming the two latest ... and their incomes shrank, according to a Commerce Department report that pointed to deepening recessionary [more...]

Date: 2008-12-25 12:03:00

Bankruptcies, Bubbles & Bailouts

The latest round in the bailout bonanza is the ‘loan’ that was just announced for GM and Chrysler.  Those companies are running out of cash so the Bush administration decided to give them enough ... ?  What solutions were tried and how did they perform?  Ideally, we would respond effectively when bad [more...]

Date: 2008-12-23 19:14:04

Gates of Vienna News Feed 1/8/2009

The latest word is that an agreement with Russia has been reached, and the flow through the gas pipeline will resume.Also, look for the storming of the Israeli consulate in Montreal, as well as other Gaza-inspired violence around the world.Thanks to AA, Abu Elvis, Insubria, JD, Tuan Jim, Vlad Tepes, and all the other tipsters who sent these in [more...]

Date: 2009-01-09 04:49:00

Getting the right car loan for you

Having a car is a necessity in today’s modern world. It makes your day to day life more accessible, convenient and fast. Unfortunately, bad credit can make it hard to purchase a new car. With the economy on the rocks ... sums of money when bad credit is an issue because there is a high risk. Most banks will either only [more...]

Date: 2008-12-22 15:21:32

There's No Free Lunch, Mr. Lutz

There’s No Free Lunch, Mr. Lutz By Joe Nocera From my colleague Micheline Maynard (my first guest blogger!): Robert A ... industry reality: buyers want more fuel-efficient vehicles. His rationale is that tight credit ... that will be necessary to shift the plants from pickups and S.U.V.’s to building small cars and crossovers. Mr [more...]

Date: 2008-09-02 16:40:04

Get the Car of Your Dreams – Free Auto Quotes

If you have no credit, poor credit, or bad credit INeedAuto can help you get your dream car. Even those with severe credit problems have benefited from their free service. How much car will you qualify for? Their no obligation form takes under a minute to complete. INeedAuto has helped thousands of buyers secure a car loan, you could be behind the wheel of your new car sooner than you think. [more...]

Date: 2009-09-27 15:36:00

The fear and deviation from a disciplined process.

If the fundamental and the technical indicators both line up to suggest a crash, then the government is only trying to delay the inevitable ( ... was quadruple witching day. The auto rescue loan was announced. A new stimulus package just as large ... , we can infer how bad it is from the news and data you read everyday here in Marketwatch. (and the data [more...]

Date: 2008-12-20 22:05:33

Why Does The GOP Want To Destroy The Auto Manufacturing Sector?

Three dangerous reactionariesI can't say what I liked less as a kid, going to the dentist or going to a Broadway musical. But I've never gotten one musical, or one scene from a musical, out of my head. I was around 10 when my mother dragged me to see the musical adaptation of Al Capp's comic strip, Li'l Abner, at the St. James Theater [more...]

Date: 2008-11-17 16:00:00

Nouriel Roubini - Madman to Prophet

If you've never heard of Nouriel Roubini, don't worry, chances are his name will soon become a household word.“He sounded like a madman in 2006, He was a prophet when he returned in 2007.”He recently said that "things are going to get much worse" with the unemployment rate going above 9% next year which according to the Bureau of Labor [more...]

Date: 2008-12-26 13:38:00

Bad Credit Loans

Are you short of money? Scared that you may not be able to buy your own house you promised your wife this birthday? ... to know more visit the site. They also have extensive material on how to clean up and repair bad ... Planning to apply for a loan but don't have a good credit to get one? Then stop worrying. Bad [more...]

Date: 2009-01-12 16:38:32

L.A. Times Claims Obama More Honest than McCain

All week, I’ve been meaning to write about this Los Angeles Times article from last weekend, ... about the foundering economy and — attention, Michigan voters — has refused to support loan guarantees for the auto industry. If any of those statements rings true, then a campaign adage has proved itself [more...]

Date: 2008-09-20 21:47:31

Boston Tea Party Presidential candidate Charles Jay answers Obama-McCain debate questions

Posted at cj08.com (I wasn’t invited to Friday night’s presidential debate, but you knew I was going to weigh in anyway. My “participation” comes in the way of interspersing my responses into the actual text of the debate, which you will see below. All of those responses to the questions asked by moderator Jim Lehrer are in bold type [more...]

Date: 2008-09-27 18:49:05

The View From Southeast Michigan: Economy

When I wake up everyday, I wake up in Southeast Michigan the Macomb county part, the view isn’t all that great.  The gas prices may be down but are still high enough to put a hurtin’ on your pocketbook.  Jobs are constantly being lost, last month I heard a couple guys talking about how their plant just shut down with little notice [more...]

Date: 2009-01-02 18:52:25

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

Weekly Review - technicians feeling pretty good right now

The holidays have finally drawn to a close. Over the last week or two I have sunk into a pleasant state of relaxation where I have spent more time leisurely renovating my 100-year old house and barely focusing on the stock market or blogging about it. As a result, my weekly review, which I always post on the weekend, [more...]

Date: 2009-01-06 04:16:40

What Is My Credit Score and How Is My FICO Calculated?

If you’re like most people out there, there’s inevitably going to come some point in your life when you’ll need to apply for credit and seek out ... prospects like mortgage loans either - even routine applications for things like credit cards, checking accounts, auto loans, and even new jobs are undergoing greater credit worthiness scrutiny. Both [more...]

Date: 2008-07-08 03:19:44

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

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

Bailout Fatigue Sets In

attorneygeneral.utah.gov Just as troubled borrowers are poised to become the next likely recipients of government help, ... mortgage-loan modifications — the anger over bailing out borrowers has been growing. Taxpayers ... saying, ‘I didn’t buy a house I couldn’t afford. I didn’t take out a home equity loan [more...]

Date: 2008-12-09 18:38:11

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

Where should the bailout stop? And what to do about GM - Edward Altman and Thomas Philippon

The massive US Government bailout originally intended for the financial industry has now spread to the non-financial sector, ... ). To minimize the costs to the tax payers, the government should provide DIP financing (directly or through ... , reorganization in Bankruptcy does not reward bad management and therefore minimizes moral hazard (fourth [more...]

Date: 2008-12-12 14:49:00

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

Bailout Blues

The Senate, and to their credit it was mostly Republicans, stopped the nonsense:NEW YORK (CNNMoney.com) -- The future of the U.S. auto industry was in doubt Friday morning after a proposal for $14 billion in federal loans died ... and the United Auto Workers union, could accept.Ford's in better shape than the other two [more...]

Date: 2008-12-12 12:41:00

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

The Economic Crisis and the U.S. Left

From the National Executive Committee of the Freedom Road Socialist Organization/Organizacion Socialista del Camino para Libertad “Money makes a good servant, but a bad master.”— Sir Francis Bacon 1. Thinking about the current crisis by way ... on the subprime market. These (ultimately bad) investments were bundled and sold internationally [more...]

Date: 2008-12-13 14:58:00

Media & Politics

Media & Politics 02-Dec-08 Permanent link to MTA daily media news Extra Bonus Quote of the Day (Political Wire) “I’m sure some people voted for Barack Obama because of me.” — President Bush, in an interview with CNN. Resting a wee bit easier (by J -SOM at Liberal Rapture Hillary Clinton will be the next Secretary of State… Other than the [more...]

Date: 2008-12-02 17:32:35

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

10 Ways to Save Money

Ethan Ewing of Bills.com shares his ten tips for saving money and achieving your financial goals ... with cash. Move away from credit cards and avoid going into debt, especially for daily, routine ... are the most important element of good credit. Keep bills in one location and check that spot weekly [more...]

Date: 2009-01-08 01:42:45

Another Not-Quite-a Linkfest

Another Not-Quite-a Linkfest, filled with random holiday weekend linkage . . . ~~~ INVESTING & TRADING ??? ... Seeking Alpha (Footnoted) ~~~ ECONOMY ??? States Going From Bad to Worse (Real Time Economics ... also Stay-at-Home Grillers on July 4th Still Pay More (Bloomberg) ??? U.S. Auto Sales Plunge [more...]

Date: 2008-07-06 16:15:00

Odds and Ends and Ruminations

I have lived in New York my entire life and it resembles nothing less than a banana republic.  We now have an accidental governor, long known in the state as a light weight, in office by virtue of his predecessor catching himself money laundering via a high priced prostitute ( [more...]

Date: 2008-12-16 16:32:34

AIG CEO Demands Apology from Mad Money’s Jim Cramer

WSJ Deal Journal Related: The credit crunch means that consolidation looms for Mirant and Calpine as well. Bloomberg ... its banks. WSJ More bad news: Banking bosses weigh in on bonuses and job losses. Times ... is wreaking havoc on a large but little-known corner of the credit markets, which could mean more write-downs [more...]

Date: 2008-10-20 12:57:00

Are California’s Muni Bonds Golden?

Here is an opportunistic view of California’s fiscal difficulties ... state. The “general obligation” (or full faith and credit) bonds now yield about three times as much ... , and on time. “There’s a fair amount of bad news coming out of California,” he conceded. “So ‘perceived risk’ [more...]

Date: 2009-01-14 00:11:54

Repair Your Credit.

Get approved for a home loan with lower interest rates, get approved for the car with low payments and get a great low auto or health insurance rate ... ? Bad Credit Repair is not as hard as you think though. Repairyourbadcredit.com offers Credit ... of people get rid of their bad credit and these people have very good things to say about them. Results [more...]

Date: 2008-06-15 13:09:57

How to Make Debt Work for You

This question can appear to be very confusing at first glance. You may be asking yourself how there can be such a thing as good bad debt ... a common consent on the topic at question. First off, debts like credit cards, store credit, auto ... probably rolling your eyes at the concept of “good” debt. But in reality, good debt and bad debt [more...]

Date: 2008-11-29 02:33:11

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

Credit Card Issuers See the Writing on the Wall: Forgiveness of Debt — they also got paid in full through securitization, so there is no obligation owed to them

Credit Card Companies Willing to Deal Over DebtBank of America says it eased off on more than 700,000 credit card holders in 2008, ... ring of a phone.Graphic Behind Changing Tactics, Mounting Losses Related Times Topics: Credit Crisis — ... to foster the explosive growth of consumer debt in recent years, credit card companies are realizing [more...]

Date: 2009-01-05 00:34:25

Doom - Part Deux

It's here. Finally. Doom. Doom Part Deux, actually, as the fine folks over there at The Wall Street Journal Online have informed us that the " ... . They don't really know exactly where all the money went and who did what with it. Bad answer ... Rican rum producers$128 million to auto racing tracks$33 million for corporations that operate [more...]

Date: 2009-01-17 08:34:00

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

Wolf Versus Pettis on US Stimulus, Fiscal Deficit (Not for the Fainthearted)

Martin Wolf has a very good comment in the Financial Times, "Why Obama’s plan is still inadequate and incomplete," which readers might tempted to ignore, since the headline suggests the piece reaches a conventional conclusion: the Obama stimulus plan is too small. That would be a mistake. The Wolf article (as others have done) [more...]

Date: 2009-01-14 15:43:00

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