Recent Posts
Recent Posts Tagged With 'Economy'
Housing Deals in a Recession
The housing bubble has burst and it is still deflating. I think because many people are losing their homes or just walking away from an underwater house (loan greater than the value of the house) that is making great deals available. Depending on y...
True National Unemployment is at 17.5%
Forget about focusing on the 10.2% unemployment rate because that doesn’t show the whole picture. Right now in America our true unemployment rate is at 17.5% if not more. That figure comes from the Bureau of Labor Statisitics (BLS) known as...
Universal Health Care Reform Requires Dealing With Insurance and Drug Companies
I think President Obama and his administration have good intentions on fixing the American health care system. I do believe Congress is trying to put something that will meet his objectives. The problem is they are not challenging the issues th...
Ron Paul video: Rolling Back Big Government 11.04.2009
Ron Paul on Rolling Back Big Government ...
Credit card charge offs falling while delinquency rising. Right!
I have worked in collections for 20 years and though I don’t have internal reports to look at to determine why this is happening while unemployment has risen consistently for the last few quarters the answer is quite simple. Credit card compan...
Why did my credit card rate go up?
You have good to perfect credit, a high FICO score, and you haven’t made any late payments to any creditor. Why the surprise when you open your statement and your credit card company gives you an unwanted gift in the form of higher rates, hig...
PBS Frontline: Close to Home
I always enjoy watching these PBS Frontline shows. They are more objective and always put together real well. The good thing is if you miss the actual show, they give you the opportunity to watch it online anytime. Again, extremely informative and...
FOX is anti-Obama and anti-Democrat..who gives a crap?
For the most part, when it comes to politics these shows are against the current Obama administration, the House, and the Senate (both of which are currently Democratic majority). We all know this because during the Bush administration, this media ...
Bank failures top 106 on 10.23.2009
Everyone who watches how many banks are being shuttered for failure was expecting number 99 today. So it was a big surprise, at least to me that the FDIC announced 7 bank closings. Each bank of course represents multiple branches. That is 7 ban...
Ron Paul video: Wall Street Gains, Main Street Pains
Bailed out banks are paying out record $140 BILLION in BONUS. “Wall Street pulls the strings in Washington” 10/20/2009 Ron Paul talks Economics on CNN American Morning ...
Americans in Poverty
The DOW is at above 10,000 and the national unemployment rate is about 10%. Is the economy getting better or worse? If you only watch TV or listen to the White House and government agency press releases spinning the truth, then you would think it...
CNN Ron Paul video
This is just a daily dose of Ron Paul and his latest video. Maybe the Republican Party should become the Ron Paul Party. Cheers! Ron Paul on CNN – Part 1 of 2 – 10/14/2009 Ron Paul on CNN – Part 2 of 2 – 10/14/2009 ...
President Obama Stimulus Jobs
Our government has spent some big bucks to get this economy restarted. Originally, the claims that Obama and his economic advisers made earlier this year to get this stimulus package passed was that it would create or save 2 million, 3 million, and...
The U.S. Economy is Unsustainable
This video is from over a year ago. The amazing thing is it is probably more of a current issue now than ever. Head of the U.S. Government Accountability Office (GAO) David Walker says that the U.S. economy is unsustainable and as the baby boomer ...
What are the true number of foreclosures?
The Dow crossed the 10,000 mark and companies are profitable. Yet, the economy doesn’t seem to reflect this. The economists have declared the recession is over, but other than stocks going up from their lows there is not much to demonstrate t...
How high will gold go up?
I am not in the stock market right now, although I did buy some Gold ETFs much earlier. What I don’t really understand is that stocks, oil and gold are all going up at the same time. I thought stocks had an inverse relationship with oil and...
Where are the 4 or 5 million jobs promised by the Obama administration?
Our country is undergoing many changes right now. I don’t like Bush or Obama’s actions to date because it has not helped the majority of Americans. At first I felt like an anti Bush blog and now I am an anti Obama blog. All for go...
Reserve Bank of Australia raises rates and pressures US dollar down
If you ever wondered what would happen if other countries started raising their interest rates while the United States keeps its interest rate at 0%, then wait no longer. We are about to find out as the first country starts to do what is needed to ...
Underground cities: Dark Days video
I blogged about the Las Vegas underground city a couple of weeks ago. That reminded me of an old video documentary I had seen a few years back by Marc Singer called Dark Days. When the economy goes to pot and more people become homeless, the inst...
Ron Paul on The Daily Show with Jon Stewart
Ron Paul promoting his book “End the Fed”. This video is pretty good and Jon Stewart allows him to speak and answer the questions. Enjoy! Ron Paul on The Daily Show with Jon Stewart...
Ron Paul video on Iran-non threat
We have invaded and gone to war with two countries: Afghanistan and Iraq. Supposedly we have won them, but we are still fighting there. President Obama has already broken his promise on withdrawing the troops from Iraq in his first 16 months on...
Predictions vs forecasts on the economy and the housing recession
The economy is at a turning point. There are predictions that the economy might get better because of home prices falling slower than before. I know many economist are grasping at the positive spins on all the report and that is why these predict...
HBO Bill Maher, Michael Moore, and facing reality on blind support for Obama
Michael Moore has a new movie out that looks very interesting. It looks like it will be another high quality documentary. I saw him doing the rounds this weekend. First on the Larry King show and then next on the Bill Maher show. I was actu...
Las Vegas strip underground tunnel city
I remember watching a documentary movie called Dark Days about homeless people living underground. That was many years ago, but it looks like these hidden communities are starting to form everywhere in the United States. One place that surprised ...
Foreclosures taking over 18 months now? Wow.
The banks have so much in losses (even though they are manipulating numbers for investor purposes) that they can’t even foreclose on properties that are in default. In normal times, banks would file a notice of default (NOD) after 3 months of...
Jon Stewart video on One Year Anniversary of Lehman collapse
This is timely and kind of funny. After the corrupt bailouts, then what? Enjoy! The Daily Show With Jon Stewart Mon – Thurs 11p / 10c One Year Anniversary of Lehman Brothers Collapse www.thedailyshow.com Daily Show Full Episo...
Excellent Ron Paul interview by Time magazine 9-17-09
This is really a good interview by Time Magazine of Ron Paul. Too bad he wasn’t as popular before the elections. I think his popularity has risen because of what he has been preaching about for the last few years on the economy, the federal...
Will “pay czar” Kenneth Feinberg do his job?
So we have the CEO talking about an employee making a bailed out company making $100 million bonus as too much. I agree with him. If this for profit company wasn’t rescued by the American taxpayer money, then I wouldn’t care. Howeve...
FICO on Credit Card Limit Reductions (It’s Not You, It’s Me)
It’s funny that most credit card companies have been mailing out cancellation notices or credit limit reduction letters explaining a change on your credit report has occurred that has caused them to take that action against you. What they don...
American Express “Financial Review” update
I thought I would blog about this since I have been getting requests of what this means. Some people thought maybe there is someone trying to open up another account or something devious. The good news is that is not the reason. “So why wou...
