Financial Sense Eludes Most Americans
Financial Quiz – Which Option Is Better? 1. Spend $2.50 today and receive $92 back over the next four years. 2. Spend 25 cents 10 times over the next four years plus spend $92, at easy payment [...]
Mortgage Rates Skyrocket As Fed’s Rate Manipulation Fails
Markets Will Ultimately Determine Long Term Interest Rates Treasuries continued their sell off today as the yield on the 10 year benchmark bond climbed to 3.72%, a stunning increase from the recent lows just over 2% in [...]
Mortgage Mod And Foreclosure Scams: Saying Goodbye To The Mortgage May Be Better
FDIC Advice Good But Too Late The FDIC Consumer News is warning homeowners to avoid falling prey to loan modification and foreclosure rescue scams. Many financially distressed homeowners are preyed upon by firms that “guarantee” financial salvation, [...]
US Treasury-Owned Gold – What Would It Buy?
Some Thoughts On The Value Of US Owned Gold The United States Treasury Department recently issued a report on the total amount of US Treasury-Owned Gold. As of April 30, 2009 the US Treasury held a total [...]
California’s Crash Omen of Nation’s Future
Borrow and Spend = Crash and Burn California has always been the trend setter for the nation but never more so than today as it totters on the edge of insolvency. The theory that States or Nations [...]
Economies Plummet – Markets Yawn
What Are The Markets Telling Us? The reality disconnect between the markets and the economic news has become extreme. Consider the following headline: World Economies Plummet- WSJ Steep declines in the economies of three of the U.S.’s [...]
FHA’s New Mortgage Program – Free Home Plus Trip To Vegas
100% Plus Financing Available The American Recovery and Reinvestment Act of 2009, passed early this year, provides up to an $8,000 tax credit for first time home buyers. The tax credit refund would be given to the [...]
America’s Triple A Credit Rating – At The Precipice?
Black Swan Events Becoming Routine Our Nation has avoided the decline into the abyss that many have been predicting during the economic crisis. At the cost of approximately $13 trillion in government bailouts and guarantees the system [...]
Mr Greenspan, “There You Go Again”
Greenspan Insists He Was And Is The Maestro Alan Greenspan, probably more responsible for the financial bust than anyone else on planet earth, attempts to influence the history books by again (unsuccessfully) defending his record. WASHINGTON — [...]
