Hey, Mr. Barney Frank, Here is a Better Mortgage Idea

November 18, 2008 in Personal Finance, credit
Tags: bailout, Barney, economy, FDIC, Frank, genius, home, idea, market, mortgage, paulson, politics, treasury

Currently, mortgages are traded between banks and financial institutions like (as) securities, generally in large bundles, but still traded.  The current market prices that these trades are taking place at is currently between $0.18 per $1.00 of face loan amount and $0.28 per $1.00.  But yet, if I or you wanted to pay off the [...]

Inflation vs Deflation vs Unstable Values

November 18, 2008 in Economic chaos, Markets
Tags: deflation, demand, economy, employment, inflation, jobs, prices, supply, unemployment

Six months ago the world was facing a tremndous threat of global inflation.  So much so, the EU Central Bank, in their wisdom, raised their Interest Rate for all of Europe!  This, at the same time, was when the US had already cut rates substantially to abate the market’s collapse.
With the global economy collapsing, demand [...]