Posted by Don on January 1, 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 [...]
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Posted by Don on November 21, 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 [...]
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Posted by admin on November 8, 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 [...]
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Posted by admin on August 13, 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 house payment.
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Filed Under: Debt
Posted by admin on June 16, 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 [...]
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Filed Under: Debt
Posted by admin on June 9, 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 [...]
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Posted by Don on June 6, 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 [...]
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Posted by Don on June 3, 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 [...]
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Posted by Don on May 31, 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 [...]
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Posted by Don on May 27, 2009
The federal government and the Federal Reserve may be coming to a realization that the deficits we are running are going to cost a lot more than previously anticipated. The 10-year Treasury bond today hit 3.70%.
Rates on the 10 year have gone from 3.20% o 3.70% in the last 5 days and up from 2.92% [...]
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Filed Under: Debt
