Archive for January, 2009
Ideas on Geithner, China, Autos, Underemployment, and other economic chaos and Red Plague syndromes.
Ge, which had for all intents and purposes closed down GE Capital, its finance division, in November, has finally announced layoffs.
Jerry Flint of Forbes Magazine has covered the auto industry for more than 50 years! He has seen many changes over the years. His comments are on target and prophetic.
Do not believe every number you see or the “headline numbers”.
Amazingly, the US Department of labor reported only 524,000 jobs were lost in December. The market was almost overjoyed, as they had expected a number in the range of 650,000 to 750,000. The 524,000 did not include the “revision” to the prior months numbers downward by 154,000. Thus, adding the 154k to the 524k, one may come to a sum of 678,000, right in line with the nightmare expectations.
Citi yesterday agreed to “cramdowns” for resetting mortgage amounts and rates for troubled borrowers.
Politicians all across America declared that this was a breakthrough, etc.
It is amazing of late to watch the news wires and see the number of successful business people who are committing suicide due to the “Red Plague” and its economic chaos.
Goal setting without a clear vision may seem like a big duh concept, but it’s amazing how many of us, like my old boss, set goals without tethering them to a compelling, inspiring vision on one end, and rigorous accountability on the other. Closing the loop.
What’s so beautiful about a declaration (call it commitment if you will) is that it brings the future into the present, someday into now with great transparency. In the next few posts we’ll be exploring declarations just in time for you to hurdle over the cuckoo resolution frenzy and start setting goals from the inside out.
Check out http://alphainventions.com/
This is a way cool web site that is “live”, showing you blogs as they are updated.
Today’s Wall Street Journal had a small article buried within the paper which once again demonstrated how screwed up our American Government/Financial Systems are.
Fannie Mae announced on Monday that it is raising its fees to lenders for guranateeing or buying certain mortgages. The article notes that the fees will increase to 3.25% of the loan amounts after April 1st, from the current 1.25%.
A summary of the Lending Club services and processes.
Congrats to Chip for taking such a dire subject and injecting a sense of humor and a bit of hope.
From our perspective at MoneyAssistant.org there is a ton of pain ahead. In addition to expected spikes in unemployment and further underemployment, tightened credit and higher interest rates, and expected deficits at all [...]
An analysis of some key components of the Great Depression
See the original article:
The author is right on target!!
With real unemployment continuing to rise, corporate and private bankruptcies spiking, earnings levels eroding tremendously, asset values tumbling, and credit severely restricted, the “tide” must first recede before it turns and begins to improve. Things are continuing to get worse. Thus, they can not, [...]
Two Wall Street Journal columns jump from their website today:
After Dow’s Collapse, Guarded Hope
After the U.S. stock market’s third-worst year in more than a century, many investors are hoping for a turnaround in 2009. But considering the pain that has continued for more than a year, they are reluctant to bet on it.
Stimulus Versus Recession
Check out the referenced article of 30 Money Sites to check out in 2009:
Highly recommended and lots of good information.
Thanks Thursday Bram!!!
Search Engine Optimization and SEO Tools
According to a press release, “The Federation of Small Businesses is . . . calling on the Government, the banks, local councils and consumers to play their part during the year by providing support to small businesses in fighting regulation, accessing finance and maintaining cash flow to buck the increasing trend of business closures.”
Latest Small Business and Personal Finance Information- Freebies for the jobless
- The Innovators
- 3 ways to stretch your retirement dollar
- Make money in 2010: Your job
- Make money in 2010: Your home
- Caterpillar stock: Rising from the rubble
- Make money in 2010: The economy
- Make money in 2010: Your investments
- Make money in 2010: Your savings and credit
- Advanta circles the drain
- Globetrotting for a strong dollar
- Go the distance - Dividends for the long run
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