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economy: If you love end of the world movies...then I'm sure you'll like this story... - 02/27/09 10:36 AM
End of the world predictions have been around for years. From War of the Words, to global environmental collapse, you've probably watched one recently. I've always loved these movies, even though the premise is often ridiculous and unrealistic. Now that the economy is crashing, millennial and end of the world stories are picking up in frequency. Do any of these stories hold a shred of validity? If the end of the world (as we know it) is at hand, then should we be getting ready? Is it too late? Is 6 months food storage, and 10% of your asset's in Gold … (1 comments)
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economy: Hey...I have the answer to this Credit Crisis...it's actually not difficult at all!! - 10/19/08 10:34 PM
One question that I've been asking myself is if the federal government really knows what is going on. Allot of misinformation has been floating across the Internet and through households across the country. I think part of it is that "what bleeds...leads..." and personally I think the media in general has this unconscious need to keep Americans in panic mode.
The reality is we're far from what is called the "NUCLEAR" option. In other words, the Federal Reserve through the recently passed "bailout bill" or "TARP", has made great efforts to keep from nationalizing banks. Despite the rhetoric you may hear … (0 comments)
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economy: And some didn't think Europe would feel any pain.... - 06/18/08 09:46 AM
Reality is that when the worlds #1 consumer spending economy takes it in the chin, the rest of the world is soon to follow. As the United States has delt with one of the most severe deflationary real estate spirals in recent history, Europe and Asia have not witnessed slow downs as of yet in their economies. But they are now facing a big problem, and in some ways it maybe a temporary answer to the energy price problem in the states.
An interesting article I read this morning <ARTICLE> points out that Europe and Asia are about to get hammered … (0 comments)
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economy: Does anyone really understand whats going on with the economy?? - 06/06/08 05:28 PM
This week is just one example of how ridiculous the global markets are these days. First comes a report that the stimulus package is working for retail sales....Hurrah!!! Then today we hear about poor labor numbers....DEPRESSION!!! Oh come on already!!! I loved this article off of bloomberg today...Article
Then in regards to oil prices spiking today. Can you say...AN EXCUSE TO JACK UP THE MARKET ALL YE SICKO OIL INVESTORS....Yes, it's another case of using any type of news as an excuse to jack up the price of oil. The problem is the price is unsustainable, just like the real estate … (3 comments)
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economy: Market update....well atleast updated for the next minute or two... - 03/11/08 12:12 PM
The markets have been all over the place in the past few weeks. Doom and gloom predictions have been rampant, the critical Wall Street siren's have been calling for a drop in rates for the past few weeks. The real problem has been the tightening credit strings of most banks. The margin calls, the high foreclosure rates, and the flight of capital into commodities has pushed Banks to the brink. Now the Federal Reserve is attempting to rescue the banks, without further destabilizing the dollar and causing further damage to the economy.
So how does this break down for the average Joe … (0 comments)
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economy: Today was a great day...weather was great...so are rates! - 02/29/08 12:16 AM
Today was a great day! Sunny, over 50 degrees and the snow is melting quickly! It's been a snowy winter, and I for one am happy it's almost over. The other great news was the sounds of the 10 year bond dropping through the floor! Yes, mortgage rates are getting better once again, which is sweet music to the mortgage industry.
Are there still problems in the credit markets? Of course there are! But in reality the absolute worse thing you can do is stick your head in the sand or become defensive in market like the one we're dealing with now. … (6 comments)
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economy: Are you worried about interest rates? - 02/27/08 01:00 PM
Most consumers are worried about interest rates, but recent bloomberg articles and headlines in my local paper are now postulating the theory that Stagflation may rear its ugly head! What's stagflation, well the simple definition is that it means that interest rates increase, wages decrease, business decreases, and it's a self defeating spiral that is difficult to overcome.
So are these newspaper and media reports correct, or are they overblown? Historically they maybe correct, but how long before we actually see 1980's type interest rates? The answer maybe more complicated then this simple explanation, but hey if you can do better then … (1 comments)
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economy: What do the economic tea leaves predict now???? - 12/21/07 12:14 PM
So the market is up 170 points today. The Fed has promised to do what ever it takes to keep credit markets in play....see report , and consumer spending is through the roof....see report . Hasn't anyone heard that we're in the worst real estate market in over 16 years and it could easily equal the greatest real estate slide in over a hundred years! What's going on folks?
I've been bombarded with bad news through CNN, MSN, CBS and Fox. Real Estate depression, credit crunch, mortgage company's going out of business, mortgage loan officers going to jail. But the average American … (3 comments)
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economy: Is recession just around the corner..... - 10/22/07 07:36 PM
According to the media, according to numerous blogs and internet posts a recession is just around the corner. But as history show's us, is a recession really going to hit in 2007-2008. This recent article I found may make you rethink that we're heading into a recession...atleast within the next few months, but it could get ugly later on. The article I'm speaking about can be found, "is it meltdown time for the economy"
Geralds view is particulary interesting because he actually backs it up with historical examples of previous markets. Anyway enjoy the article.
… (0 comments)
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