Last night we had a historic election, and our country elected its first black president. Whether you agree with his policies or not, you must admit that he won convincingly and that he now faces one of the hardest things any politician must do. Living up to his campaign promises. As America’s 44th president, Barack […]
The Looming Credit Crisis: Another Reason To Live Without Credit And Debt
What do you think about the looming credit crisis? Should the companies be tightening standards and keeping spending limits lower on the cards they give out?
7 Things You Shouldn’t Do In An Economic Crisis
Our economy is in a downturn, investments are tanking, and every day the market reaches new lows. It can be hard to stay focused through it all and not panic. Unfortunately it seems like most investors in the market HAVE panicked already, and their fear is self-fulfilling. They’re afraid the market will tank, so when […]
Losing Money In Your 401k? 6 More Ways To Make Some Extra Money!
401k balance dropping? Create some new income! Right now the markets are struggling. There is no doubt about that. 401k balances are dropping, investment accounts are taking a hit, and there isn’t an end in sight. So what can you do instead of just wringing your hands and hoping for someone to bail YOU out? […]
Is Your 401k Losing Money? DON’T PANIC!!!
With the economy in the middle of a giant plunge, it is getting harder and harder not to feel a little panicked when you watch your 401k balance drop by $10-20,000 or more. In the last 6 months my wife and I have watched our 401k do just that. A poll on CNN Money says […]
Wall Street Makes Early Gains On Hearing Fed Plan to Buy Debt
credit: Ross C. The fed made a move today to help unclog the credit markets, and the stock market has shown some early gains, moving back over 10,000 to start the day: Wall Street is moderately higher in early trading, with investors encouraged by a Federal Reserve plan to buy massive amounts of short-term debt […]
House Passes $700 Billion Bailout Bill
After going down to defeat earlier in the week in the House, the second version of the bailout bill was passed today without a problem: The House of Representatives passed a sweeping, $700 billion economic rescue package after reconsidering the measure it failed to green-light earlier this week. The vote was 263 to 171, […]
Lost In Bailout Talk: Second Stimulus Check is Dead On Arrival
The last couple of weeks we have seen a lot of news about our struggling economy, bailouts of troubled financial companies and buyouts of their their troubled assets. This news is important, and it’s obvious we need to be talking about it. One thing that has been lost in all of this coverage, however, is […]
Senate OKs $700B bailout
A few days after the House rejected a similar $700 billion bailout plan, the Senate on Wednesday gave approval to a similar but slightly different bailout plan. The new plan which now includes several other measures meant to sweeten the pot and bring some members who previously voted the plan down to the table, should […]
Bankruptcy, Not Bailout?
Many are saying that if we don’t come up with a bailout package, that the economy will crash because of the lack of credit available to companies and consumers. Others are saying that a bailout of struggling companies by taxpayers isn’t a good idea either, and that a plan involving insuring the troubled assets would […]
House Defeats $700B Financial Markets Bailout
I was eating my lunch this afternoon when I saw something that surprised me. The $700 billion bailout package moving through congress was defeated by the house today. I can’t say I think the bailout package is a great idea, but I am surprised that it didn’t pass: The House on Monday defeated a $700 […]
I Guess I Spoke Too Soon!? No Deal on $700 Billion Bailout.. Yet.
Yesterday I posted the news that we had all been waiting to hear. Congress had finally come to an agreement and had settled on a bailout deal to help jump-start our faltering markets. The price tag? A mere $700 billion dollars. At the announcement of proposed deal the Dow Jones industrials enjoyed a 196-point gain […]
The Markets Are Crashing Due To The Sub Prime Lending Mess
What happened while I was gone? I’ve been gone for the past couple of weeks on a cruise ship in the Mediterranean. We saw the sites, relaxed and had a great time. Because we were in the middle of the Mediterranean on our ship (see below), we got little or no news of what was […]
A Recession? You Bet – But It’ll Probably Be Short And Mild
As we get further into 2008, and the financial woes from the credit crunch and the housing bust start to loom a bit bigger, most people are finally beginning to accept the fact that we are headed into a recession. The disagreement comes when you start talking about how long the recession is going to […]
