See How ManagIng Your Personal Debt And Get What You Need Out Of Life

If statistical data are anything to go by it seems most of the people has some level of private debt. Debt in itself is not a bad thing so long as you’ve got the capability to pay it back without causing yourself additional stress. If we constantly consume more than we earn, the end result is not going to be good. If you want to manipulate your private debt you must get on top of your budget. The process of putting a budget together is not tough but you need to sit down and do it truthfully. [more...]

Date: 2009-09-14 23:19:09

Blog posts (13) | Videos (3)
 

See How ManagIng Your Private Debt And Get What You Want Out Of Life

September 14, 2009 | By Terry Stanfield In Finance | If statistical data are anything to go by it appears most of the populace has some level of private debt. Debt in itself is not a bad thing so long as you’ve got the capability to make repayment without causing yourself additional stress. If we constantly consume more than we earn, the end result isn’t going to be good. If you need to govern your personal debt you want to get on top of your budget. [more...]

Date: 2009-09-14 22:57:00

Why So Little Self-Recrimination Among Economists?

Why is it that economics is a Teflon discipline, seemingly unable to admit or recognize its errors? ... well know, prices rose at an accelerating pace), rising levels of consumer debt, stagnant average [more...]

Date: 2009-01-12 09:21:07

"The $10 Trillion Hangover"...

You gotta read this...(Apologies and thanks to Harper's, etc.)The $10 Trillion Hangover: Paying the Price for Eight Years of BushBy Linda J ... , trade deficits, and debt have reached record levels. Unemployment and inflation ... , 5 million more Americans have no health insurance. Consumer debt has almost doubled, and nearly [more...]

Date: 2009-01-11 13:21:00

Will CES 2009 Weather the Economic Storm?

Technology’s biggest consumer technology show, CES, will kick off in a few days, ... levels of consumer debt and falling home values. Since then, the severe drop in consumer spending [more...]

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

What Else Did Brownski Need- A SMACK IN THE GOB…10 Folk that predicted the Meltdown…

October 12, 2008 Ten people who predicted the financial meltdown The financial events of recent weeks have filled many of us with shock and panic ... pinned against record levels of personal debt, which is secured, if at all, against house prices ... on the problem of consumer debt?”Mr Brown did not answer how he would solve the problem, merely [more...]

Date: 2009-01-10 10:45:36

Mortgage and Credit Card Companies Under the Spotlight on Consumer Charging

For the first time since May 1996 reports have indicated that wage increases have risen faster than house price inflation ... that consumers are struggling with debt. Ed Stansfield of Capital Economics, said, “Today’s figures show that for a small but growing minority of borrowers levels of debt have become a problem, despite [more...]

Date: 2009-01-14 23:35:31

The Collapse of Personal Savings Rate in America

This year’s dramatic shift in the economy found many Americans without a ‘rainy day’ fund.  Millions of Americans lost their jobs and saw their 401(k) wiped out.  It is unsurprising then to see that the trend of personal savings rate has been on a fast-pace decline since the mid 1980’s, reaching decade-low levels in recent years.   The following graphic shows the trend of personal savings rate per month from 1959 to 2009, along with an alarmingly opposing trend of rising consumer debt. [more...]

Date: 2009-09-29 15:15:49

Thursday morning links

TOP STORIES GDP falls 0.3% in third quarter on dive in spending - MarketWatch World markets cheer Fed rate cut - AP Bernanke makes it official ... as U.S. dollar falls - Canadian Press Credit card borrowing reaches record levels as consumers turn to plastic ... . We are Japan. - MarketWatch Greenspan Slept as Off-Balance-Sheet Toxic Debt Evaded Scrutiny [more...]

Date: 2008-10-30 12:42:00

Wait or Watch, but Don't Buy Weight Watchers International

Simply stated, when consumers are facing a sudden crisis over their savings, livelihood, and standard of living, ... significantly.  Their debt levels are extremely high.  Their profitability should be negatively ... are at risk.  This is a company that has never had to go on a "debt diet", but let's just say [more...]

Date: 2009-01-10 21:33:43

Will the GMAC Deal Spell Relief for GM?

“Consumer credit is the jet fuel of the auto business,” said Michael J. Jackson, chief executive of AutoNation Inc ... has to meet a certain quota for financing GM cars. Also, falling auto sales aren’t the only problem ... it is burning through cash to a punishing level of debt that couldn’t be funded through the markets once [more...]

Date: 2008-12-30 09:57:00

Will the GMAC Deal Spell Relief for GM?

“Consumer credit is the jet fuel of the auto business,” said Michael J. Jackson, chief executive of AutoNation Inc ... . Also, falling auto sales aren’t the only problem facing GM. The auto maker is dealing with myriad issues, ranging from the speedy rate at which it is burning through cash to a punishing level of debt [more...]

Date: 2008-12-30 09:57:00

Book Club Selection — “Simple Prosperity: Finding Real Wealth in a Sustainable Lifestyle,” by David Wann.

Jump to Comments   The first  selection for The Non-Consumer Advocate book club will be the terrific Simple Prosperity : ... . A coauthor of the best selling Affluenza, he covers a lot of solution-oriented ground ... up?  Mostly unwanted side effects like rising sea levels, debt, depression, waste, war, and inflation [more...]

Date: 2009-01-15 06:16:08

13 Results