14th January - Day 80 -

Nightshift number four of four again, so I’m off again now until Monday, when I come back on day shift this time ... self appraisal. I know my debt problem hasn’t eased greatly, but I’ve done a hell of a lot [more...]

Date: 2009-01-14 23:29:09

Blog posts (676) | Videos (142)
 

Ten Financial Entities On The Brink

Clearly Lehman (LEH) is on the brink of disaster. I talked about that on Tuesday in Lehman In Deep Trouble ... Have An Enormous $223 Billion Debt Rollover Problem. Washington Mutual (WM) Is On The Brink [more...]

Date: 2008-08-22 06:24:03

Shiller on Housing and Bubbles

Robert Shiller of Yale University talks with EconTalk host Russ Roberts about the current housing mess and related financial market problems ... Zeckhauser. Concise Encyclopedia of Economics. "Corporate Debt," by Annette Paulson. Discussion of agency costs. Concise Encyclopedia of Economics. Podcasts and Blogs: "Report from Jackson Hole [more...]

Date: 2008-09-15 10:36:06

Everything You Wanted to Know About MUD But Were Afraid to Ask

For a bit of background on the district at issue is NAMUDNO, ... , grants, and freedom from limitations (such as limitations on tax and debt) imposed on general purpose ... solutions to specific problems. Though special districts have tripled in number over the last fifty [more...]

Date: 2009-01-13 05:12:11

Open Letter To Congress On The $700 Billion Paulson Bailout Plan

Dear CongressTreasury Secretary Paulson is asking you to rush through a $700 billion package because " ... at all.The problem is consumers and corporations are deep in debt with no way to service that debt.Attempts to bail out banks and brokers at taxpayer expense will do nothing but add to consumer debt [more...]

Date: 2008-09-22 02:28:00

Anime Otaku Second Most Loathed by Women

According to the results of a recent survey targeting young Japanese women, anime otaku are the second worst choice for a romance, ... everywhere… Train otaku – 1.4% 7. Any type of otaku is fine, it’s no problem! Otaku are OK – 1.4 ... poor, or in debt even). An ability to talk movies seems almost to be a plus. Whatever the case [more...]

Date: 2008-12-15 07:53:01

You Need A Budget

We all know how difficult life is if you are financially short. Leaving paycheck to paycheck is very hard ... properly. Let us face it money is a big problem of most of us. How we got into this problem is also our fault. We get ourselves into debt that what happened is later we are having hard time paying [more...]

Date: 2009-01-15 00:39:00

Hawking Public Assets

Yesterday, members of the Chicago City Council made a snap decision to lease off the city’s 36,000 parking meters in exchange for $1 ... of the city, it’s a good thing,” Pagano said. That means paying down debt and getting other long-term ... , that’s a problem, he tells us. The Reader’s Mick Dumke breaks down how the latest privatization [more...]

Date: 2008-12-05 18:05:50

Debt Consolidation

I realized that I can’t solve a problem if I did nothing or just sitting there and think of it all the time ... to be out of it and face a new life. And I am so thankful when I knew this company where they offers a debt consolidation help. They have the best transaction that can make us debt free. This debt [more...]

Date: 2009-01-15 11:31:08

Dummy to Dave: A Question I Wish You Had Asked

Dear Dave, In the first hour of your January 12 show, ... debt. You advised Dan that interest wasn’t her problem, budgeting was. You told him to have her run a budget, squeeze out some extra money, and not try to interest-surf her way out of debt. I loved [more...]

Date: 2009-01-15 22:11:21

Bull Moves in Bear Markets

In high school, I once dated a girl whose father believed the world was doomed to nuclear destruction. While his family lived in a trailer house ( ... world currencies. Government debt is out of control. Instead of solving the problem sensibly [more...]

Date: 2008-11-04 12:00:11

Great News: Global Economy In Full Meltdown, Obama Transition Team Panicking

Marc Ambinder says that Obama's economic team is heading for the bunkers.. ... help explain why: 1. Credit markets have yet to really unfreeze, because the underlying problem — putting a price on a lot of toxic debt — has yet to take place; 2. It’s going to take some time [more...]

Date: 2008-12-11 18:33:40

No Money Buy HDTV Now

I was thinking to use credit card to buy HDTV and pay by installment for 2 years, but I still cannot afford to pay for the monthly installment due to my financial problem. I think I have to settle all my debt first before purchasing HDTV, may be I can buy it after next year [more...]

Date: 2009-01-15 04:02:52

Trial lawyers have money problems

Washington Times: The trial lawyers lobby has been awash in debt and bleeding members - just as it embarks on a national campaign to block any clampdown on medical malpractice lawsuits as part of President Obama's health care overhaul. The American Association for Justice, the most prominent group representing plaintiffs' attorneys, has seen a shake-up in its executive suite and has struggled to deal with what appears to be a mounting budget shortfall. [more...]

Date: 2009-09-28 16:48:00

US Treasury Cries "Uncle": Why did Paulson change his mind?

A recent Wall Street Journal article points to the potential problems with synthetic CDOs ... :CDO's are "collateralized debt obligations." While the real world has many variations [more...]

Date: 2008-11-14 05:06:00

I’m In Debt - What Are My Options?

“I’m in debt. How do I get out of it?” It’s a common question these days, and a problem that’s made no easier by today’s economic troubles ... . But whatever debts an individual is facing, they’re likely to have at least one debt solution available to them. Here, we take a look at just four debt solutions: ... [more...]

Date: 2009-01-15 07:31:02

Debt Consolidation 101: Tutorial to Debt Consolidation

September 13, 2009 | By Samuel Samson In Online Business | Financial problems have been affecting people all throughout the world. With this, it is somehow understandable why people have accrued debts. These debts may have come from several unsettled bills or loans for cars or houses. So if you are someone who has also been thinking of how to settle these debts, then you can take comfort in knowing that there is still a solution for your debt issues. [more...]

Date: 2009-09-13 22:17:31

Balance? We Don’t Need No Stinkin’ Balance:

Balance? We Don’t Need No Stinkin’ Balance: Posted by Mike Folkerth on Thursday, January 15th, ... No problem, we’ll tax the public to pay your debts and you can get back to gambling and make [more...]

Date: 2009-01-15 14:19:29

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

Slippy pavements and debit cards

AyeRight writes for the evening edition of today's gurn: ... in order to add more debt to our already laden pieces of plasticOur debt: take a look here.But ... afford to pay it back, the problem is they have already given it away.When debit cards were first [more...]

Date: 2009-01-14 15:59:00

5 Real Ways to Get High Straight Out of Science Fiction

Eventually technological advancement comes to every profession– even if that profession is just burn-out, hippy, or full-time junkie ... that are typically associated with sleep deprivation, and no “sleep debt” to pay off. After two days awake ... to generally improve your problem solving abilities, and because of this fact it’s quickly becoming [more...]

Date: 2009-01-14 14:14:18

Back to the future

Condo-slinger Chris Evans. ‘No one could imagine… a drop lke this ... not even a debt trap like the 2010 Olympics – will solve this little problem. Vancouver gives us a great [more...]

Date: 2009-01-16 01:45:52

Confessions of a Shopaholic Trailer

Rebecca Bloomwood is a sweet and charming New York City girl who has a tiny, little problem that is rapidly turning into a big problem: shes hopelessly addicted to shopping and drowning in a sea of debt. While Rebecca has dreams ... a job as an advice columnist for a new financial magazine published by the same company. Overnight [more...]

Date: 2009-01-15 13:01:30

The Logic of Keynes in Today's World

Not long ago I was talking to someone who once had been a deficit hawk but the current recession had turned into a full-blooded Keynesian ... out, went deeper and deeper into debt. This indebtedness, in turn, depended on rising home values ... be a problem if most of what we consumed during our big-spending years were bare necessities. But much [more...]

Date: 2008-12-15 21:55:00

Advice to Pres. Obama #1: An Actuary's Impractical Perspective

The suggestion was made to Oil Drum staff that some of us might want to write recommendations relating to President Obama's energy policy ... our financial problems behind us. This is a tough one. There is vastly more debt in the world than can ever ... . A fractional reserve banking system requires continued growth, in order to pay back all of the debt [more...]

Date: 2009-01-12 14:42:43

Credit Rating Agencies

The WSJ ran an editorial the other day arguing against the New York Fed’s proposal to create a central clearinghouse for credit default swap ... : Me: I could see why a million little shops analyzing debt and selling their analysis could make sense ... s clearly a legit problem. But what is the point of them for the private sector. Why are their opinions [more...]

Date: 2009-01-16 00:21:02

Higher Education is Way Too Expensive

Nirmal’s piece last week on University lectures in the public domain got me thinking ... just the university’s students. This is absolutely correct, but he didn’t get into just how big of a problem ... to the exorbitant costs, those who do are often buried in debt. For example, in my home state of Ohio 67 [more...]

Date: 2008-12-12 22:22:45

"Crime Doesn't Pay(back)"

The Houston Press this week examined the important issue of victim restitution and discovered that:Across the entire state, 90 ... of it, or $2.3 million (see "Bad Debt").Unfortunately, reporter Chris Vogel mostly took his lead ... : "This is the problem for which no one seems to have a solution: how to make someone pay money that they don't [more...]

Date: 2008-12-07 15:20:00

The “Helicopter Drop” Has Begun

The Fed cut interest rates to effectively 0% today, but that really isn’t important. The problem is that even though money is now ( ... about all the existing debt starting to go bad, so creating new loans doesn’t make sense. Thus comes the “helicopter ... debt and mortgage-backed securities to provide support to the mortgage and housing markets.” [more...]

Date: 2008-12-17 00:03:00

Subsidizing Mortgages

One prominent proposal comes from Glenn Hubbard and Christopher Mayer ... the obvious. "The problem with subsidizing mortgages is you're subsidizing people getting into debt [more...]

Date: 2008-12-22 13:37:08

Morning Market Musings

Quick Commentary on recent policy actions: In the great depression we saw debt to GDP go way down over a 2 year period but government intervention is ... problem by borrowing more, you have to write this crap down. As long as debt to GDP is 300% there is no way we can grow our way out of this. The debt has to take the hit. A lot of folks are talking [more...]

Date: 2009-01-14 17:14:35

European Governments Attempt Rescue Of Fortis, Hypo Real Estate and B

Our politicians have made this economic crisis seem like a national problem, ... markets tried to create a new tool to manage investments in debt that was bad. And that tool ... in consultation with the Belgian government. “The actions taken by the Belgian, Luxembourg [more...]

Date: 2008-09-29 14:08:15

Is there a Paradox of Wikinomics?

(note: you can see the original post here). For the last few weeks I’ve spent a fair bit of time thinking about the Keynesian “Paradox of Thrift“, ... , it has to become debt for someone else in order to earn interest). Thus, we have a problem. So it’s a case ... by now, one of the driving forces of the problems revealed in 2008 was that consumers took [more...]

Date: 2009-01-06 19:47:21

Debt Consolidation - FREEDOM FROM DEBT HAS NEVER BEEN THIS SIMPLE

Amazon.de Widgets For Immediate ReleaseFREEDOM FROM DEBT HAS NEVER BEEN THIS SIMPLEIt’s A New Approach To An Age Old Problem Fort Lauderdale, Florida –A New Horizon is a well established Credit Counseling company with over 14years experience as a 501(c) (3) non-profit organization assisting tens of thousands of  individuals and families from all walks of life in regaining control of their finances. [more...]

Date: 2009-09-10 15:00:20

Capitulation

Capitulation I have heard arguments, which I want to be persuaded by, ... ). Americans genuinely, desperately, need to pay down debt, which means buying fewer goods ... when he identifies a massive structural unemployment problem. The financial and housing sectors were grossly [more...]

Date: 2009-01-12 20:47:16

David Cameron steps up his attack on Labour's handling of the economy

As some interpret today's narrowing of the Conservative poll lead as a grateful public showing its appreciation to Labour for the Pre-Budget Report, ... we deal with the greatest economic problem to confront this generation - the recession and the record level of public debt. "Labour's response is to ignore the fact that we're already borrowing [more...]

Date: 2008-12-09 08:42:56

Quango Irish Bank.

So, starting close to home, finally, it’s Anglo Irish Zero ... under its hood – you can’t pretend the bill isn’t yours – and, overnight, the Irish national debt ... encumber the State with a truly huge amount of total junk – the problem is that they're probably going [more...]

Date: 2009-01-16 02:21:50

Use the Plastic to Repair Your Credit Rating

People are always looking for the shortest path to solve their personal finance problems ... and knowledge play important roles. Repair your credit rating, get out of debt Poor or below average ... in most cases, people recklessly apply for cash advances or use credit card financing without knowing [more...]

Date: 2008-09-24 09:31:39

Back to School Money Tips for College Students

College is starting up around the country right now ... . No amount of credit will erase the problems you can bring upon yourself. The key is to stay out of debt from a young age. Use credit responsibly A key to living within your means is using credit [more...]

Date: 2008-08-29 14:10:27

Never Ever Lend Money to a Friend - my story

I look back and I can’t believe how stupid I was. Expensive lesson learned… don’t lend more money to a friend than you can afford to lose ... him his money from home and he would pay it all back no problem. We were also waiting on this money ... for me for free until the debt was paid. Great. But the idiot got ripped off by the person he had bought [more...]

Date: 2009-01-15 00:37:49

How Government Grant Relieves From Debt?

Americans have a superb advantage of the government grants. People may have financial problem sometime in life. And many people go for borrowings. In order to pay off those borrowings, they borrow some more money and likewise the debt starts piling up. But thanks to government grant programs that you can become debt free or at least reduce [more...]

Date: 2009-01-14 19:20:03

A Reversal of Fortune

Over the past 30 years, there has been a significant redirection of global capital flows ... . China now holds over 10% of the US dollar denominated debt, a little more than a trillion dollars ... , to finance their heavy spending. The problem, he said, was not that Americans spend too much [more...]

Date: 2008-12-27 23:09:13

Debt Management Programs– best way to get out of debt.

A debt management program collectively takes all the loans of various amount and interest rates and forms into a new loan which is released to you. After that, only a single installment is required to be paid every month on a fixed rate of interest. This process is known as debt consolidation. Usually, debtors opt for bill consolidation scheme from the fear of bankruptcy. The problem originates with the use of many credit cards or taking multiple loans from various banks for personal or investment purposes. [more...]

Date: 2009-09-08 05:51:11

Hillary's $7.5 Million Problem

ABC News' Tahman Bradley Reports: Hillary Clinton continues to carry $7.5 million of debt owed to vendors from her failed presidential bid which ended in early June ... , Clinton can continue to raise money for unpaid bills, as long as contributors clearly designate [more...]

Date: 2008-11-21 01:31:27

“America’s Covert Government Lending”

Bingo: Steve Clemons gives it a name. The rationale for the secrecy—that disclosure would precipitate lack-of-faith events that could be disastrous—is entirely valid; but the proposed solutions are not. The popular “debate” so far ... either problem: it exacerbates both. The solution isn’t how best to prop up an empire of debt; rather [more...]

Date: 2009-01-15 07:35:43

Debt Consolidation -FREEDOM FROM DEBT HAS NEVER BEEN THIS SIMPLE

Amazon.de Widgets It’s A New Approach To An Age Old Problem Fort Lauderdale, Florida –A New Horizon is a well established Credit Counseling company with over 14years experience as a 501(c) (3) non-profit organization assisting tens of thousands of individuals and families from all walks of life in regaining control of their finances. [more...]

Date: 2009-09-16 00:21:41

The Fate of GMAC Bank

GMAC, which stands for General Motors Acceptance Corporation, ... . This week, GMAC ” sweetened terms on a debt swap designed to save the firm from bankruptcy and extended ... if there is a problem, they often drop their rates immediately afterwards. CD rates don’ [more...]

Date: 2008-12-14 18:49:08

The 120% Solution

Location: Mahalo HQ, Santa Monica, CA Monday, December 3rd, 7:30PM PST. Word Count: 1,612 (a short one) ... . Huge companies are closing or imploding and layoffs are skyrocketing; debt levels and savings ... and what the solution might be. These ideas are simple, but problems and solutions typically are. Truth [more...]

Date: 2008-12-04 03:54:09

I’m In Debt - What Are My Options?

“I’m in debt. How do I get out of it?” It’s a common question these days, and a problem that’s made no easier by today’s economic troubles ... consolidation loans; IVA and Trust Deeds. To some people, they’re just names – but to others, they’re a path ... consolidation loans. Rather than struggling to keep up multiple payments to multiple debts, many [more...]

Date: 2009-01-15 03:23:18

Greece passes belt-tightening budget in defiance of protests

ATHENS, Greece (CNN) — Greece passed a belt-tightening budget early Monday morning, ... its debt, which is among the highest in Europe. Opposition leader George Papandreou blasted ... of the problem, not a solution. “This budget will not lead us out of the crisis. It is, rather, part [more...]

Date: 2008-12-22 11:13:17

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