No Mortgage Payments For A Year Would Stimulate Spending
Experts Predict Depression Are we in a depression? Jon Markman of MSN Money eloquently explains the world’s financial dilemma. Too Late To Avoid A Depression? – MSN Money Policymakers are quickly running out of time and room [...]
Job Cuts And Pay Freezes – The Downward Spiral Continues
Companies by the thousands are announcing large layoffs to their labor forces and, in addition, cutting or freezing the pay of those who remain employed. AT&T Freezes Salaries of 120,000 Management Workers NEW YORK (Reuters) — AT&T [...]
Opposition To Stimulus Plan Grows
As Americans learned more about the stimulus package that proposes to put us $1 trillion deeper into debt, logical minds are beginning to question the wisdom of the plan. Public approval for the stimulus plan is at [...]
“Financial Catastrophe” – Part II
President Predicting Catastrophe President Obama declared today that “A failure to act and to act now will turn crisis into catastrophe and guarantee a longer recession.” Alan Blinder, a former vice chairman of the Federal Reserve, echoed [...]
Why Did So Few People Save For Hard Times?
A Recession of Biblical Proportions Consumers usually build savings in booms, then raid their troves during busts – but not this time. In booms we put away some of the abundance because we know we’ll need it [...]
A 7% Return? Absolutely!
A Guaranteed 7%: Can Putnam Pull It Off? Who wouldn’t want a guaranteed return in this market? To know that you’re going to make money no matter what the market does is an understandably appealing notion. Problem [...]
Fannie and Freddie – The New Subprime Lenders
Fannie and Freddie Impose Huge Fees On Borrowers Freddie Mac last week announced additional fees for condo owners who refinance, effective April 1, 2009. The fee mirrors a similar charge imposed by Fannie Mae last year. Both [...]
The Flip Side of Bad News – Still A 90% Employment Rate
Disappearing Money Charles Biderman of TrimTabs gave an interesting interview to Barron’s this weekend. TrimTabs tracks flows of money in an effort to predict the stock market’s primary trend. According to TrimTabs, “the first sign of a [...]
