Posted on July 1, 2010 by MoneyBob
President Obama is having a rough go of things lately. As noted here last week, for the first time in his presidency, more Americans disapprove of Obama (48%) than approve of him (45%), according to the latest WSJ/NBC poll. And 62% say the country is headed in the wrong direction.“The American people are right,” says [...]
Filed under: Credit Crunch, Debt Management, Deflation, Depression, Dooms Day, Economy, Foreclosure, GDP, Howard Davidowitz, Income, Life, Obama, Personal, Saving, Stagflation, Taxes, Thoughts, Unemployment Rate, currency, economics | Tagged: Work, Life, Debt, spending, Fraud, Barrack Obama, President. Obama, Government Spending | Leave a Comment »
Posted on June 20, 2010 by MoneyBob
Slow Growth – Double Dip Recession may be coming – Odds are over 50% – We are in the process of De-Leveraging our Debt and this trend will continue for years. If it happened all at once, we really would have a depression! Unemployment rate will rise 1% per year for the next few years [...]
Filed under: Credit Crunch, Credit Freeze, Debt Management, Deflation, Depression, Economy, MoneyBob Postings, economics | Tagged: consumer confidence, Debt, Depression, double dip, Double Dip Recession, Money, Recession | Leave a Comment »
Posted on June 16, 2010 by MoneyBob
Bloomberg checked in on the state of Fannie Mae and Freddie Mac, the two once-quasi-private mortgage subsidy companies that are now almost wholly owned by taxpayers. Bloomberg found that Fannie and Freddie have already drawn down $145 billion in their unlimited line of taxpayer credit, and that their losses could ultimately be as high as [...]
Filed under: MoneyBob Postings | Tagged: Debt, Depression, Fannie Mae, Freddie Mac, Housing, Mortgage | Leave a Comment »
Posted on February 23, 2010 by MoneyBob
The percentage of loans that were in foreclosure or behind at least one payment hit 15.02%, the most since MBA’s records began in 1972. Foreclosures will likely stay high in 2010. Real estate Web site Zillow.com recently said one in five homeowners were underwater in Q4!! 4.5 million foreclosure filings are expected this year, up [...]
Filed under: Credit Crunch, Debt Management, Deflation, Economy, Foreclosure, Middle Class, Mortgages, Saving, Thoughts, Work, economics | Tagged: adjustable loans, adjustable mortgages, Debt, Foreclosures, home, Housing, housing bubble, Mortgage Debt, Mortgages, Recession, U.S. National Home Price Index | Leave a Comment »
Posted on November 26, 2009 by MoneyBob
WASHINGTON — The United States government is financing its more than trillion-dollar-a-year borrowing with i.o.u.’s on terms that seem too good to be true. But that happy situation, aided by ultralow interest rates, may not last much longer. Treasury officials now face a trifecta of headaches: a mountain of new debt, a balloon of short-term [...]
Filed under: Bill Gross, PIMCO | Tagged: Bill Gross, Credit Crunch, Debt, Defcit, Deflation, Depression, Dollar, economics, Economy, Gold, Life, NY, NY Times, PIMCO, Stock Market, Thoughts, Work | Leave a Comment »
Posted on November 26, 2009 by MoneyBob
Putting Peter Schiff on a panel with St. Louis Fed President James Bullard and former Fed Vice Chair Alan Blinder is asking for trouble or, at the very least, a heated debate.That’s just what occurred last Sunday night in New York at an event sponsored by Princeton’s Business Today.Predictably, Euro Pacific Capital’s Schiff disagreed with [...]
Filed under: Credit Crunch, Depression, Dooms Day, Economy, Jokes, Thoughts, Treasury Department, US Dollar, economics | Tagged: Alan Blinder, America, Ben Bernanke, China, Debt, Deficit, Dollar, James Bullard, Peter Schiff, spending | Leave a Comment »
Posted on October 25, 2009 by MoneyBob
Now that the worst of the recession is over, Americans are waking up to the fact that we’re borrowing nearly $1.5 trillion per year. Instinctively, this worries us.But why?What’s really so bad about piling on debt in excess of 10% of GDP every year?Japan has been borrowing through the nose for years, and Japan, well… [...]
Filed under: MoneyBob Postings | Tagged: Debt, economics, Economy, John Mauldin | Leave a Comment »
Posted on October 8, 2009 by MoneyBob
Stocks and commodities are on the rise today as the dollar falls. It’s nothing new or surprising.What is newsworthy is a report from the British newspaper The Independent claiming the dollar’s days might be numbered in the oil trading pits.The story says “secret meetings have already been held by finance ministers and central bank governors [...]
Filed under: Aaron Task, Debt Management, Deflation, Depression, Dooms Day, Economy, MoneyBob Postings, US Dollar, Yahoo Finance, economics | Tagged: Debt, Deflation, Dollar, US Dollar | Leave a Comment »
Posted on August 20, 2009 by MoneyBob
One In Three Chance You’ll Soon Owe More Than Your House Is WorthPosted Aug 20, 2009 11:15am EDT by Henry BlodgetRelated: xhb, tol, len, kbh, dhi, phmForeclosure rates in the U.S. remain near record highs. More than 13% of American homeowners with a mortgage are either behind on their payments or in foreclosure. The latest [...]
Filed under: Credit Crunch, Credit Freeze, Deflation, Depression, Economy, MoneyBob Postings, Real Estate, economics | Tagged: adjustable loans, adjustable mortgages, Debt, Depression, Foreclosure, home, houses, loans, Mortgage, Mortgage Debt, Mortgages, option arms, Real Estate | Leave a Comment »
Posted on May 2, 2009 by MoneyBob
Obama, in his first 100 days will add more to our nation’s public debt than all previous presidents combined. When Obama said, “It’s time for change” he meant it’s time to drop your hard earned coin into the government’s coffers! WASHINGTON (AP) — Republicans say President Barack Obama’s first 100 days in office can be [...]
Filed under: Economy, Personal, Thoughts, Work, economics | Tagged: Debt, Obama, Taxes | Leave a Comment »
