Posted on August 30, 2007 by MoneyBob
Consumers and Investors can measure the current economic problems by counting the number of times they hear the term “credit crunch.”
We are being told that it is very difficult to get a big mortgage, that deals are falling through, that innocent home buyers are in a sorry state. A big bank has raised its rate [...]
Filed under: Credit Crunch, Economy, Foreclosure, Investing, Liquidity Squeeze, Mortgages, Real Estate | Tagged: business, economics, Economy, Investing, Life, Stock Market, Thoughts, Work | 1 Comment »
Posted on August 30, 2007 by MoneyBob
Identity theft is one of the fastest growing financial crimes.
Nearly 10 million Americans fall victim each year. The Identity Theft Resource Center reported in 2005, on average, an ID theft victim of new account and other fraud spent 60 hours resolving problems brought on by ID theft, those victims of existing accounts spent an average [...]
Filed under: Credit Freeze, Credit Reports, Credit Score, Financial Privacy, ID Theft | Tagged: credit bureaus, Credit Freeze, Credit Reports, Credit Risk, equifax, experian, life lock, trans union | Leave a Comment »
Posted on August 28, 2007 by MoneyBob
streetTRACKS® Gold Shares
Objective Designed to track the price of gold (net of Trust expenses)
Structure Continuously offered investment trust
Symbol GLD
Exchange New York Stock Exchange
Filed under: Gold, Mining, Saving | Tagged: business, economics, Economy, Gold, Investing, Life, Stock Market, Thoughts, Work | Leave a Comment »
Posted on August 28, 2007 by MoneyBob
A Little Economic History
Why the Fed has no other Alternative but to print Money!
The entire economic expansion of the US in the 19th century was a deflationary boom. Declining prices led to strong real income gains. As time went by, workers could buy with their incomes a larger and larger basket of goods [...]
Filed under: Deflation, Economy, Inflation, Investing, Risk in Portfolio | Tagged: business, economics, Economy, Investing, Life, Stock Market, Thoughts, Work | 1 Comment »
Posted on August 28, 2007 by MoneyBob
August 27, 2007: 04:29 PM EST
Rio Tinto (LSE: RIO)(ASX: RIO)(NYSE: RTP) has received US antitrust clearance for the proposed acquisition of Alcan by a subsidiary of Rio Tinto.
Receipt of this, and other regulatory clearances, is a condition to Rio Tinto’s offer to acquire the outstanding shares in Alcan.
About Rio Tinto
Rio Tinto is a leading international [...]
Filed under: Aluminium, Coal, Copper, Diamonds, Gold, Mining, Uranium | Tagged: business, economics, Economy, Investing, Life, Stock Market, Thoughts, Work | Leave a Comment »
Posted on August 28, 2007 by MoneyBob
Sales slip but supply of homes on the market jumps to 9.6 months, pushing prices down for 12th straight month.
By Chris Isidore, CNNMoney.com senior writer
August 27 2007: 3:12 PM EDT
NEW YORK (CNNMoney.com) — Homeowners trying to sell last month faced the biggest glut of homes on the market in about 16 years, as declining sales [...]
Filed under: Economy, Foreclosure, Mortgages, Real Estate | Tagged: mortga, Real Estate | Leave a Comment »
Posted on August 26, 2007 by MoneyBob
By Alan Abelson
08-27-07
There are over $1 Trillion of securitized low-grade mortgages outstanding and nearly three-quarters of a trillion dollars worth of mortgages whose adjustable rates are slated to rise over the next year, a heap of them sooner rather than later. That alone assures an appreciably larger magnitude of pain in the months ahead.
Moreover, as Merrill [...]
Filed under: Alan Abelson, Economy, Mortgages | Tagged: business, economics, Economy, Investing, Life, Stock Market, Thoughts, Work | Leave a Comment »
Posted on August 26, 2007 by MoneyBob
Debt Rattle
By Alan Abelson
08-27-07
CRISES OF ANY KIND INEVITABLY BRING out the best and the worst in people. They inspire the too few voices of reason as well as the predictable strident expressions of hysteria. And especially intriguing perhaps are the unexpected revelations they offer. The current credit crisis, still fermenting and gathering toxicity, is plainly [...]
Filed under: Alan Abelson, Economy, Real Estate | Tagged: business, Debt, economics, Economy, Investing, Life, Stock Market, Thoughts, Work | Leave a Comment »
Posted on August 26, 2007 by MoneyBob
The New Bankruptcy Law is protecting Banks and Lenders more than the Consumers.
CONGRESS REVISED THE nation’s bankruptcy laws under 2005’s Bankruptcy Abuse Prevention and Consumer Protection Act, effectively making it harder for individuals to claim insolvency. The reform was seen by critics as protecting banks and lenders more than the consumers the legislation’s title claimed to [...]
Filed under: Bankruptcy, Debt Management, Foreclosure, MoneyBob Postings, Mortgages, Real Estate | Tagged: Bankruptcy, bankruptcy law, Banks, Foreclosure | 7 Comments »
Posted on August 25, 2007 by MoneyBob
Top Savings Deposit Yields from Barrons Magazine dated 08-27-07
Money Market Accounts
Institution Phone Number Yield
Indymac Bank 877-202-5088 5.75
WT Direct 800-983-4732 5.26
E-Loan.com 888-533-5333 5.25
Countrywide Bank 800-844-1091 5.25
Transportation Allia 800-837-4214 5.25
Six-Month CDs
Institution Phone Number Yield
Countrywide Bank 800-844-1091 5.50
UmbrellaBank.com 866-862-7355 5.42
Corus Bank 800-555-5710 5.40
First Trade Union Sa 800-242-0272 5.25
Indymac Bank 877-202-5088 5.25
One-Year CDs
Institution Phone Number Yield
Countrywide Bank 800-844-1091 5.65
Indymac Bank 877-202-5088 5.25
First Metropolitan 800-435-4040 [...]
Filed under: Interest Rates, Money Market, Saving, Top Rates | Tagged: business, economics, Economy, Investing, Life, Savings, Stock Market, Thoughts, Work, yields | Leave a Comment »
