Posted on September 27, 2007 by MoneyBob
Is today’s stock market like fall 1998 or late 1970s? By Mark Hulbert, MarketWatch Last Update: 12:01 AM ET Sep 24, 2007 The newsletter editors I monitor are all over the map in arguing about which period of stock-market history is the closest analog to today’s market. Not surprisingly, they are issuing diametrically opposed forecasts [...]
Filed under: Economy, Gold, Market History, US Dollar | Tagged: business, economics, Economy, Investing, Life, party, Stock Market, Thoughts, Work | 1 Comment »
Posted on September 27, 2007 by MoneyBob
It’s just the beginning! Satyajit Das is laughing. It appears I have said something very funny, but I have no idea what it was. My only clue is that the laugh sounds somewhat pitying. One of the world’s leading experts on credit derivatives (financial instruments that transfer credit risk from one party to another), Das is [...]
Filed under: Credit Crunch, Credit Freeze, Economy, Liquidity Squeeze | Tagged: business, economics, Economy, Investing, Life, Stock Market, Thoughts, Work | Leave a Comment »
Posted on September 27, 2007 by MoneyBob
Money for nothing. Own a home for no money down. Do not pay for your appliances until 2012. This is the new American Dream, and for the last few years, millions have been giddily living it. Dead is the old version, the one historian James Truslow Adams introduced to the world as “that dream [...]
Filed under: Bankruptcy, Credit Cards, Credit Crunch, Debt Management, Economy, Foreclosure | Tagged: business, Debt, economics, Economy, Investing, Life, Stock Market, Thoughts, Work | Leave a Comment »
Posted on September 20, 2007 by MoneyBob
Double-digit home price drops coming By Les Christie, CNNMoney.com staff writer – September 19 2007: 3:24 pm NEW YORK (CNNMoney.com) — Over the next few years, more than three-quarters of the nation’s housing markets will suffer some decline in home prices. Many will experience double-digit hits in a forecast that has worsened considerably in recent [...]
Filed under: Credit Crunch, Economy, Foreclosure, Middle Class, Mortgages, Real Estate | Tagged: adjustable mortgages, business, economics, Economy, Investing, Life, Mortgage Debt, Mortgages, Stock Market, Thoughts, Work | Leave a Comment »
Posted on September 20, 2007 by MoneyBob
The Maestro – Alan Greenspan speaks – watch video here – We are doomed. http://money.cnn.com/video/#/video/fortune/2007/09/17/fortune.greenspan.medicare.fortune Greenspan Warning The former Federal Reserve chairman Alan Greenspan has warned there is still a good chance the US economy will slip into a recession, despite this week’s cut to US interest rates. Mr Greenspan said the odds of a [...]
Filed under: Credit Crunch, Economy, Greenspan, The Fed | Tagged: Alan Greenspan, business, economics, Economy, Greenspan, Investing, Life, Stock Market, Thoughts, Work | Leave a Comment »
Posted on September 20, 2007 by MoneyBob
Greenspan Says Recession Still Possible After Fed Cut By Steve Matthews and Albert R. Hunt Sept. 20 (Bloomberg) — Former Federal Reserve Chairman Alan Greenspan said the odds of a recession remain “somewhat more” than one in three even after this week’s cut in interest rates, with home prices likely to drop further and hurt [...]
Filed under: Uncategorized | Tagged: Alan Greenspan, business, economics, Economy, fed, gov, grenspan, Investing, Life, Stock Market, Thoughts, Work | Leave a Comment »
Posted on September 20, 2007 by MoneyBob
Investors Hunt for Effects of Rate Cut By TIM PARADIS – 1 day ago NEW YORK (AP) — A big rate cut by the Federal Reserve and the stock market’s huge rally in response to that move has many on Wall Street wondering: Now what? The Fed’s decision Tuesday to slash its benchmark federal funds [...]
Filed under: Credit Crunch, Economy, Interest Rates, The Fed | Tagged: business, economics, Economy, fed, Interest Rates, Investing, Life, rates, Stock Market, Thoughts, Work | Leave a Comment »
Posted on September 20, 2007 by MoneyBob
Just keep your head down.
Filed under: Benny Hill, Credit Crunch, Dooms Day, Economy, Fun, Humor, Jokes, Media, Personal, SpongeBob, The Fed, Thoughts, economics | Tagged: Credit Crunch, economics, Economy, Humor, Jokes, Life, Personal Thoughts, Work | Leave a Comment »
Posted on September 17, 2007 by MoneyBob
Over the past six years, the U.S. economy has not grown much. Relatively little growth of only $3.4 trillion in aggregate gross domestic product (GDP) was created compared with $2.7 trillion in the previous six-year period, when the starting point was much lower. What growth has occurred has been funded by a $6 trillion increase [...]
Filed under: Chinese, Credit Crunch, Debt Management, GDP, Middle Class | Tagged: business, economics, Economy, Investing, Life, Stock Market, Thoughts, Work | 1 Comment »
Posted on September 17, 2007 by MoneyBob
Salaries in the U.S. are the most unequal since 1928. The median household income has been stagnant since the economic recovery began in 2001. Adjusted for inflation, the wages of nonmanagement employees are 10% below their levels in the early 1970′s. According to the Bureau of Labor Statistics, the average household income is now only [...]
Filed under: Economy, Income, Inflation | Tagged: business, economics, Economy, Income, income gap, Life, Middle Class, Money, pay, poor, salary survey, Thoughts, unequal pay, us salaries, Work | Leave a Comment »
