February 16, 2009 in Economic chaos, Markets, Personal Finance, credit, employment, news
Tags: bailout, business, credit, Economic chaos, economy, finance, foreclosure, government, intervention, legislation, loan, loans, Markets, money, mortgage, news, not paying, opportunity, paulson, people, politics, rates, refinance, thoughts, unemployment
The latest “good idea” to come out of DC regarding solving the housing crisis and credit crisis would be to allow a government fund to buy troubled mortgages from the banks. Funding would be done jointly from Uncle Sam and Vulture/Hedge Funds. Thus, rewarding those entities for taking the risk and effort to recover value and make fortunes on the backs of the troubled homeowners!!!!
January 24, 2009 in Economic chaos, Markets, Personal Finance, credit, employment, news, unemployment
Tags: bailout, bankruptcy, business, credit, Economic chaos, economy, finance, Geithner, government, jobs, Markets, money, news, politics, Red Plague, thoughts, unemployment
Ideas on Geithner, China, Autos, Underemployment, and other economic chaos and Red Plague syndromes.
January 19, 2009 in Economic chaos, Markets, Personal Finance, credit, employment, news
Tags: bernacke, business, credit, credit card, Economic chaos, economy, finance, GE, General Electric, intervention, loan, loans, Markets, money, news, people, politics, Red Plague
Ge, which had for all intents and purposes closed down GE Capital, its finance division, in November, has finally announced layoffs.
January 18, 2009 in Economic chaos, Markets, Personal Finance, credit, employment, news
Tags: auto, automobile industry, automoble, bailout, bankruptcy, business, economy, finance, government, intervention, Markets, people, politics, thoughts
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.
January 11, 2009 in Economic chaos, Markets, Personal Finance, employment, news
Tags: business, Economic chaos, economy, government, jobs, Markets, money, news, people, politics, Red Plague, thoughts, unemployment
See layoffs for the month of January, by the largest US employers, at:
January 10, 2009 in Economic chaos, Markets, Personal Finance, credit, employment, news
Tags: bankruptcy, business, credit, credit card, Economic chaos, economy, government, jobs, Markets, money, news, optimism, politics, Red Plague, thoughts, unemployment, wall street
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.
January 9, 2009 in Economic chaos, Markets, Personal Finance, credit, news
Tags: bailout, bankruptcy, business, Citi, Citi Citigroup, citigroup, credit, credit card, credit card rates, Economic chaos, economy, finance, foreclosure, government, intervention, loan, loans, money, mortgage, news, people, politics, rates, Red Plague, refinance, thoughts
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.
January 7, 2009 in Markets, credit, news
Tags: bailout, bankruptcy, business, credit, Economic chaos, economy, finance, intervention, Markets, money, news, people, suicide, thoughts
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.
Check out http://alphainventions.com/
This is a way cool web site that is “live”, showing you blogs as they are updated.
January 3, 2009 in Economic chaos, Markets, Personal Finance, credit, employment, news
Tags: bailout, bankruptcy, business, credit, credit card rates, Economic chaos, economy, finance, foreclosure, government, intervention, legislation, loan, loans, Markets, money, mortgage, news, people, politics, Red Plague, refi, refinance, thoughts
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%.
January 2, 2009 in Economic chaos, Markets, Personal Finance, credit, employment, news
Tags: bankruptcy, business, credit, credit card, credit card rates, Economic chaos, economy, finance, foreclosure, intervention, lending club, loan, loans, Markets, money, mortgage, politics, rates, Red Plague, refi, refinance
A summary of the Lending Club services and processes.
January 2, 2009 in Economic chaos, Markets, Personal Finance, credit, employment, news
Tags: bailout, bankruptcy, business, credit, credit card rates, economy, finance, foreclosure, government, intervention, loan, loans, Markets, money, news, Red Plague, unemployment
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 [...]
January 2, 2009 in Economic chaos, Markets, Personal Finance, credit, employment, news
Tags: bailout, bankruptcy, business, Depression, Economic chaos, economy, finance, foreclosure, government, intervention, money, news, politics, Red Plague, unemployment
An analysis of some key components of the Great Depression
January 2, 2009 in Economic chaos, Markets, Personal Finance, credit, employment, news
Tags: bailout, bankruptcy, business, credit, Economic chaos, economy, finance, government, intervention, loans, Markets, money, news, optimism, paulson, politics, Red Plague, thoughts, unemployment, wall street
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, [...]
January 2, 2009 in Economic chaos, Markets, Personal Finance, credit, employment, news
Tags: bailout, bankruptcy, bernacke, business, credit, credit card, credit card rates, Economic chaos, economy, finance, government, intervention, legislation, Markets, money, news, people, politics, Red Plague, refinance, unemployment, wall street
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
January 1, 2009 in Markets, Personal Finance, credit, news
Tags: business, economy, finance, Markets, money, news, Personal Finance, refinance
Check out the referenced article of 30 Money Sites to check out in 2009:
Highly recommended and lots of good information.
Thanks Thursday Bram!!!
January 1, 2009 in Economic chaos, Markets, Personal Finance, credit, employment, news
Tags: advice, bailout, bankruptcy, bernacke, bond yields, business, credit, credit card, credit card rates, deflation, dow, Economic chaos, economy, FDIC, finance, foreclosure, government, inflation, intervention, jobs, legislation, loan, loans, LTV, Markets, money, mortgage, news, not paying, Obama, opportunity, optimism, paulson, people, politics, rates, Red Plague, refi, refinance, SBA, thoughts, unemployment, wall street
January 1, 2009 in Economic chaos, Markets, Personal Finance, credit, employment, news
Tags: bailout, business, credit, credit card, credit card rates, Economic chaos, economy, finance, government, inflation, intervention, legislation, loan, money, news, politics, Red Plague, refinance, unemployment, wall street
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.”
December 31, 2008 in Economic chaos, Markets, Personal Finance, credit, employment, news
Tags: bailout, bankruptcy, bernacke, business, credit, Economic chaos, economy, finance, foreclosure, government, intervention, jobs, legislation, loan, Markets, money, news, people, politics, refi, refinance, unemployment, wall street
Today’s Wall Street Journal cites the anticipation of looming “mortgage cram-downs”, as a result of the failure of government’s steps to cease the increase in foreclosures.
The article notes that there are 7.5 million homes underwater currently and that foreclosures are expected to exceed 8.1 million over the next four years!!!! It also notes that Congress was hoping to help 400,000 homeowners through its latest program, “Hope for Homeowners”, but only 357 have applied for the program to date.
December 30, 2008 in Economic chaos, Markets, Personal Finance, credit, employment, news
Tags: bailout, bankruptcy, business, credit, Economic chaos, economy, finance, government, money, news, Red Plague, unemployment
Check out this “Layoff Tracker”. Unfortunately, in only includes the largest companies, and excludes the source of most of the unemployment and underemployment.
December 30, 2008 in Economic chaos, Markets, Personal Finance, credit, employment, news
Tags: bailout, bankruptcy, business, credit, economy, finance, foreclosure, government, intervention, Markets, money, news, politics, Red Plague, unemployment
Now that the government has bailed out Wall Street, the Banks, the insurance companies, the auto makers, and countless others, the real question is “Is it enough?” What needs to be done to get our economy back on track? Are we on the verge of being “back on track”?
December 24, 2008 in Economic chaos, Markets, Personal Finance, credit, employment, news
Tags: bankruptcy, business, credit, economy, finance, foreclosure, jobs, Markets, money, news, people, politics, Red Plague, unemployment
Christmas eve… All the presents are wrapped and hidden from the kids. All, meaning one for each kid. For me, I hope I do not get anything. Not that I do not want anything, but because I know the money would be better spent on food or gas or books for the kids over the next week or two.
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