Recent Posts
Recent Posts Tagged With 'Economy'
Holiday shopping online and saving money
I know everyone already shops online, but for some reason it is not an automatic habit to start at certain sites that pay you to shop if you begin the search on their website. To clarify what I mean, whenever I want to buy something online at Wal...
CNBC The Gold Standard Kevin Cook video
Today, the unemployment report came out better than expected which made the US dollar go up and knocked gold down about 5%. I am long gold and silver ETFs so any downward move is worrisome. However, gold and silver have been on a 4 week winning s...
Wall Street Cheers Unemployment Numbers
The unemployment number went down which should be a good thing no matter what. Right? The question is how accurate are the numbers and which reports are they reporting. Just a week ago, the TV media showed how crowded the stores were for Black ...
Senator Jim Bunning: failures of Federal Reserve Chairman Ben Bernanke
I do hope we have enough senators like Senator Bunning with courage to do the right thing for the American people and get rid of the establishment that created this financial debacle we are in. Senator Bunning knows Bernanke is a failure in the rea...
The Federal Reserve, 0% interest rates, and the housing crisis.
The same economist Brian Wesbury, chief economist at First Trust, has another video on his views on the Federal Reserve, the origin of the housing crisis, and the weaknesses he sees with the Fed’s chairman Bernanke. The more I listen to this ...
Michael Moore: An Open Letter To President Obama On Afghanistan 12.02.2009
This was a good Larry King interview of Michael Moore. Michael Moore and other Obamabots now realize and regret that their votes were not for a leader of change, but of another politician of broken promises. I think Michael Moore is not just d...
Ron Paul video: Obama Preparing for Perpetual War 12.02.2009
12/2/09 Ron Paul on Fox Business: Obama Preparing for Perpetual War First of all, I hate these FOX Replublitards on there. They always come across as being righteous and premise questions with stupidity. I can’t understand why Ron Paul i...
US Housing Foreclosures and Recovery
Foreclosures in the United States have not stopped. It is still increasing and there is a shadow inventory of bank REOs sitting empty and not for sale. This is probably due to accounting rules of mark to market. Regardless, the efforts of keepi...
CNBC Ron Paul video on 11.30.2009
How high will gold go? part 2
I purchased gold ETFs near the beginning of the year instead of jumping back into stocks. This was more of a defensive move because I was worried about the US dollar and the crazy deficits we were and are still incurring. I think many others share...
More Rooms Than Guests
I know the Dubai Debt Debacle was the biggest news on the stock markets yesterday and then it is Black Friday. I am not sure how big of an effect they will have on the US economy. On top of unemployment and foreclosures, I think the commercial si...
Peter Schiff video Gold, Geithner, Roubini, the Fed, Housing * 11.20.2009
I do like his analysis on the overall economy. If you don’t like economics, then this will be very boring for you. If you like economics like I do I think you will appreciate his views. At about the 3 minute mark, Schiff starts to talk abou...
Bankruptcy filings in federal courts jumped by more than one-third this year
The public record on the number of bankruptcies is on the rise which corresponds to increase of credit card delinquencies. Even though we have reports that say delinquency is going down from the credit card companies, it is obvious they are being...
Judge Erases $525,000 Mortgage in Long Island
This is just one of the stories where the big banks lose and the little guy wins. I thought it was worth sharing. This is an example of a bailed out bank just being evil. We should have never bailed out any banks with Taxpayer money and this ...
Negative Home Equity
The housing bust has really crushed a lot of homeowners. Some of the prices of homes have deflated to the pre-bubble years of 2000 to 2003. The problem is many people bought there homes from 2004-2008 and during those years we had lenders do...
Credit Card Delinquency Getting Better And Worse
As always different sources try to spin the same stories as good and bad. According to Transunion the delinquency has improved. They base that on the data they collect (which they don’t do very accurately). Just pull up your credit report...
Ron Paul on CNBC’s Squawk Box 11/23/2009 **Audit the Fed Update**
Ron Paul on CNBC’s Squawk Box 11/23/2009 **Audit the Fed Update** ...
US economic recovery: Clinton
From Bill Clinton to George Bush and now Barack Obama, you can watch the budget transform from a surplus to a deficit to even a bigger deficit. Hillary Clinton offers some insight. Don’t forget that under Bill Clinton we were on our way to pa...
Housing Crisis 2009: A Foreclosure On Every Block
The recession will continue to get worse until the housing issue is dealt with and resolved. The housing bust was the giant domino that put our economy into the worse recession since the Great Depression. Now that foreclosures have worsened, bo...
Ron Paul – Audit the Federal Reserve video – HR 1207
Encourage your representative to support HR 1207 – the Federal Reserve Transparency Act. The Fed is a private institution and is therefore not subject to normal Governmental Freedom of Information requests, as Bloomberg recently found out. HR 1...
California is on the brink…
California is a huge economy and will affect the entire country as it tries to resolve its budget issues again. Most people don’t realize the domino effects from this huge state with a big population. The major problems plaguing California r...
2009 YTD 123 Bank Closures 11.14.2009
It seems that the pace of bank closures are increasing as we get closer to the end of the year. These are not just single banks but chains of bank representing many branch locations. We are up to 123 officially closed banks taken over by the FD...
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 ...
