FHA Increases Loan Limits
FHA Announces Higher Loan Limits As part of the Economic Recovery Act, the FHA loan limits were increased. The new higher loan amounts are effective until December 31, 2009. The higher loan limits will allow many borrowers [...]
The Humpty Dumpty Economy
The Big Black Hole Expands As Asset Values Collapse Not even a month in office, Mr Obama has spent trillions on bailouts, stimulus plans, bank recapitalization and loan guarantees. The markets have spoken with a resounding lack [...]
Nikkei – Black Hole Or Buying Opportunity?
Has Japan Been Pulled Into A Black Hole? According to Einstein’s theory of general relativity, a black hole is a region of space in which the gravitational field is so powerful that nothing, including electromagnetic radiation can [...]
Government Bond Buyers Demand Higher Yields
Massive Government Borrowing Raises Repayment Doubts As governments worldwide attempt to sell massive amounts of debt, investors are beginning to question whether they are being properly compensated for default risk. The assumption that government debt is risk [...]
Notable Links
Living Beyond Yours Means – California’s Economy Gets Worse California’s Pain Is Only Beginning BIG SUR, Calif. — As Sacramento squabbles over the state’s $42 billion deficit, Californians are getting a bitter taste of what’s to come [...]
Is The Economic Panic Justified?
Act In Haste, you know the rest… How many of us have had a make a fast decision when panicked or stressed? How many times have we heard, “I wish I had thought things out a [...]
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 [...]
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 [...]
