Obama - McCain - Obama Can Win; The Economic Problem Is Why

This video was created just before the debate, but my prediction seems to have held and for the reasons I state here ... : 1) According to the Bureau of Labor Statistics, the Civilian Labor Force Participation Rate topped out 10 years ... problems consumer credit shot to rapid rates of annual increase starting just before the turn [more...]

Date: 2008-10-08 07:30:37

Blog posts (20) | Videos (12)
 

Economists React: Foreclosures Drives Home Resales

Economists and others weigh in on the larger-than-expected increase in existing-home sales amid another price decline ... , given the seizing up of credit markets and the recent increase in the 30 year fixed mortgage rate ... and, therefore, are unlikely to reflect the credit turmoil in September. Second, sales are coming at much [more...]

Date: 2008-10-24 16:11:18

Wow! Times have changed…

I found a pile of Time magazines from the 50s and 60s and this ad was in a 1965 issue. ... on a budget How a man retired on less than $600 a month. The IRS is going to be increasing the mileage rates ... A quick reminder: Credit cards are not the problem, the lack of self control is the problem [more...]

Date: 2008-07-06 13:50:20

Will Credit Repair Enhance Your Plunging Credit Score?

As lending rules get stricter by the day, an increasing number of consumers are desperately looking for ways to improve their credit ratings ... but nevertheless accurate entry on the client’s credit report. This technic exploits a provision ... or out-of-date information from their credit report. This technic works under the premise [more...]

Date: 2008-12-08 07:00:23

Parents Universal Resource Experts (Sue Scheff) Identity Theft and Teens

Source: Connect with Kids“If they’ve managed to get a hold of your Social Security number and take out credit card applications in your name, ... the problem.”– Suzanne Boas, president, Consumer Credit Counseling ServiceIdentity theft is an ever-increasing threat for all consumers -- one that could damage your credit ratings and cost you thousands [more...]

Date: 2008-10-18 12:59:00

Is your bank safe and sound?

There have been five north GA banks that have failed last quarter or are on the problem list with cease and desist ordersFreedom Bank, Commerce, ... : *** "Performing"The Bankrate system also rates credit unions. I didn't check banks in Athens ... Specialists.In our neck of the woods, the employment outlook is dim. Unemployment rate increases to 25-year [more...]

Date: 2009-01-02 17:04:00

Consumers advised over action to take if rejected for finance

In the current financial climate an increasing number of consumers are finding themselves being turned down for finance, such as loans, credit cards, ... to check their credit report, as this will show them what their credit rating is like and will give ... they should take once rejected for credit. Many tend to make another application to a different [more...]

Date: 2009-01-02 11:45:58

The Sky Has Fallen: Now What?

Superstrategist Ed Yardeni is quoted by James Pethokoukis in US News & World Report on what could go right in 2009: (1) Lower mortgage rates fuel a refinancing boom which lifts consumer spending. (2) Home sales increase and home prices stabilize. (3) Easier credit conditions increase auto sales. (4) The drop in fuel [more...]

Date: 2009-01-14 15:51:36

Economic Potpourri January 11, 2009

The barrage of noteworthy economic news continues into the second week of the new year ... increase in credit-rating downgrades on mortgage-related securities will lead to further stresses [more...]

Date: 2009-01-11 10:59:00

Bond issuer upgrades look set to increase

Bond issuers poised for a credit-rating upgrade have exceeded the 12-month average for the first time in two years, according to Standard & Poor's in a report that signals improvements in the global economy.The ratings agency said 174 global iss ... [more...]

Date: 2009-09-29 17:48:20

S&P: Credit losses will rise into 2010

Credit ratings agency Standard & Poor’s expects nonperforming loans to continue to rise through 2009 and into 2010, ... for Biz2Credit. Biz2Credit is a small business marketplace that provides entrepreneurs ... to increase amid the widening economic downturn, Standard & Poor’s said in a new report released [more...]

Date: 2009-01-11 02:34:39

Beware of Debt Reduction Advice

In a recessionary period like the one we are experiencing today there is a natural increase in personal financial turmoil ... associated with servicing such debt at very high interest rates, in particular credit card debt. People with high outstanding balances in their credit cards find themselves in a bind as they struggle [more...]

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

UAE banks assigned negative outlook

Financial Times: Moody’s Investors Service, the credit rating agency, has placed the United Arab Emirates banking sector on a negative outlook, ... . ... Tightening credit conditions, liquidity constraints, a collapse of regional equity markets and tumbling oil prices will also contribute to increased strains at UAE banks, Moody’s added in its report [more...]

Date: 2009-01-15 16:23:15

American Household Debt Declines, Personal Saving Rate Increases

This morning, Karl sent me a link to a CNN/Money article that is simultaneously happy and sad: ... ever, based on data going back to 1952. According to a Federal Reserve report released Thursday ... choice. USA Today writes: The decline in household debt levels is evidence of the severe credit [more...]

Date: 2008-12-11 23:00:20

Lost Jobs Can Mean Bounced Emails

Email marketers are finding that an unanticipated side effect of job layoffs is increased email bounce rates, ... on their minds is downloading a copy of their email and subscription lists or redirecting their incoming ... require a quick phone call to verify shipping information or credit card issues. Even [more...]

Date: 2008-12-29 11:20:26

Can the US Survive Obama's Economic Stimulus Plan?

Unemployment rate in the US has risen to 7.2%. Apparently, Obama's stimulus plan will cost between $800 billion to $1.3 trillion ... is already running a record deficit, to increase spending now will further drain available credit ... to the government.The proper course of action is to limit government spending so as to make more credit available [more...]

Date: 2009-01-10 07:17:00

The Monetary Base Finally Moves

The Federal Reserve has for a long time eschewed increasing the money supply directly, and instead has manipulated credit to affect the economy and control inflation. This has led ... grown at a very slow, or non existent rate. From David Merkel: Check out the very far left side [more...]

Date: 2008-09-30 21:05:16

Job losses clearly becoming #1 economic issue

Worrying about the credit crunch and falling home prices? That's just so...2008. For 2009 we've got a new worry: a job market in free-fall ... low mortgage rates won't lead to higher home values and increased home sales as long as 500,000 people ... are reporting that they are cutting pay of their employees in response to the difficult environment [more...]

Date: 2009-01-09 20:30:50

What Didn't Cause the Crisis?

Tyler Cowen, contradicting Anna Schwartz, says it was private sector imperfections, not government policy that caused the imperfection ... Funds rate to blame?, by Tyler Cowen: ...I don't side with Austrian Business Cycle Theory in citing ... of that wealth through credit and the desire for additional risk. Note that if an increase in real [more...]

Date: 2008-10-21 22:06:00

Meg Whitman: Cut Taxes, Spend Money

Meg Whitman, a probable candidate for governor of California, frames every question as how it effects that state—its rate of unemployment, its small businesses. “We have to avoid, at all costs, tax increases,” she says. Then she rolls out her suggestions •Make the R&D tax credit permanent. •Small business access to capital [more...]

Date: 2009-01-15 15:36:15

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