|
|
By admin, on May 18th, 2010%
Don’t look now but it appears that the Europeans could pull the rug out from under the US economy and thwart the liquidity induced recovery we have had over the last year. As we all know the ECB came out with their version of TARP to backstop the Greek debt and in essence bail out the . . . → Read More: Europe could cause a double dip in the US
By Don, on January 1st, 2010%
We have heard about inflation over the last year, but when will we see it? I believe you already have begun seeing it in the 10 Yr. Treasury rate. This is the same thing Gold and the other commodities have told us. Unfortunately the bond bullies are telling the US government that they are going to . . . → Read More: High interest rates are coming but when?
By Don, on November 21st, 2009%
Lending Club has announced a No-Fee IRA that can be opened with them. You now can open a self directed IRA thru EntrustCANA that will allow you to invest that IRA in Lending Club notes and also will allow you to invest in many other types of investments also.
Lending Club has an average return of 9.67% . . . → Read More: Lending Club No-Fee IRA
By admin, on November 8th, 2009%
Having heard about Lending Club on several other blogs I recently opened an account. I had previously had an account with Prosper.Com, however I had never funded it because at the time I opened it they would only allow funding from a bank account.
My reasons for choosing Lending Club was mostly that I could fund it . . . → Read More: Lending Club
By admin, on August 13th, 2009%
Home foreclosures rose 7% in July to 360,000 units. This is the most in the last 12 month period. So much for the housing turn.
As unemployment gets worse these numbers will continue to head higher. People need jobs to make their . . . → Read More: Home foreclosures up 7% in July
By admin, on June 16th, 2009%
A Reuters article yesterday shows that credit card defaults hit record levels in May. The rate of credit card losses was 9.4%. Delinquency rates were down, but of course they were down a large portion of them moved from delinquent to a default status
As unemployment keeps going up then delinquencies will keep going up. This is . . . → Read More: Credit Card delinquencies increasing
By admin, on June 9th, 2009%
Thanks to this new credit card bill I have already started receiving new term sheets for my existing credit cards. So I have begun looking around for some replacement cards with better terms or better rewards.
I am having a hard time finding a new card with any decent rewards or cash back plan that also has . . . → Read More: Credit Card benefits changing
By Don, on June 6th, 2009%
It appears Americans are finally catching the message. The Federal Reserve released the consumer credit numbers for April today and consumer credit was down $14 billion over the last month. This is the sixth monthly drop in the last 7 months.
America has gone from a high of $2.596 trillion in December of 2008 down to $2.507 . . . → Read More: Hidden Benefits of the recession
By Don, on June 3rd, 2009%
Debt is an ugly word in my home, but there are some types of good credit. The really only type of good debt is a mortgage. Now we have all heard about the horrible mortgages made in the last two years, but if you have a mortgage that is over 6.5% (yes there are still some . . . → Read More: Time to get a mortgage or car
By Don, on May 31st, 2009%
So GM will file for Chapter 11 today and the government will have enough votes from the bondholders to approve the reorganization. This deal is better than the original offer in that the bondholders get warrants for a possible additional 15% equity stake and the government is going to take a large portion of the new . . . → Read More: Does anyone win in GM bankruptcy?
|
|
