Posted on June 28, 2010 by MoneyBob
For the last several months, Princeton professor Paul Krugman has become increasingly agitated about what he feels is a disastrous mistake in the making — a sudden global obsession with “austerity” that will lead to spending cuts in many nations in Europe and, possibly, the United States.Krugman believes that this is exactly the same mistake [...]
Filed under: Credit Crunch, Credit Freeze, Debt Management, Deflation, Depression, Dooms Day, Economy, Gold, MoneyBob Postings, Paul Krugman, Stagflation, US Dollar, economics | Tagged: Depression, double dip, economics, Housing, Money, Paul Krugman, Recession, save, Savings | 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 August 17, 2009 by MoneyBob
This is a very good video on “Long Term Investing” by Aron Task and Henry Blodget. You should listen to it more than once to get all the important but subtle points. more about "Good Financial Advice – Yahoo! Finance", posted with vodpod
Filed under: Aaron Task, Economy, MoneyBob Postings, Yahoo Finance, economics, mutual funds | Tagged: economics, Economy, Investing, Long Term, Middle Class, Money, mutual funds, Yahoo, Yahoo Finance | Leave a Comment »
Posted on December 11, 2008 by MoneyBob
8 really, really scary predictions Dow 4,000. Food shortages. A bubble in Treasury notes. Fortune spoke to eight of the market’s sharpest thinkers and what they had to say about the future is frightening. Known as Dr. Doom, the NYU economics professor saw the mortgage-related meltdown coming. We are in the middle of a very [...]
Filed under: Credit Crunch, Credit Freeze, Deflation, Dooms Day, Economy, Investing, Liquidity Squeeze, Market History, Nouriel Roubini, Retirement, Risk in Portfolio, Saving, Treasury Bills, Treasury Bonds, economics | Tagged: Deflation, Depression, economics, Economy, Money, Nouriel Roubibi, Recession, Work | Leave a Comment »
Posted on October 22, 2008 by MoneyBob
New Money Market Investor Funding Facility (MMIFF) Fed To Buy Frozen Assets To Meet Redemptions from Money Market Accounts Federal Reserve will help finance purchases of up to $600 billion in assets from money market mutual funds which have suffered redemptions from investors seeking the safety of government debt. The program start date should be [...]
Filed under: Banking, Credit Crunch, Credit Freeze, Dooms Day, Economy, Liquidity Squeeze, Money Market, Saving, Treasury Department, economics | Tagged: Credit Crunch, economics, Economy, Federal Reserve, Money, Money Market, The Fed, Treasury Department | Leave a Comment »
Posted on October 20, 2008 by MoneyBob
On 10/16/2008 – Bought GLD at $80 per share. SPDR Gold Shares (GLD) SPDR Gold Trust (the Trust), formerly StreetTRACKS Gold Trust, is an investment trust. The Trust holds gold, and from time to time, issues the SPDR Gold Shares (Shares) (formerly streetTRACKS Gold Shares) in blocks of 100,000 Shares (Baskets) in exchange for deposits [...]
Filed under: Credit Crunch, Dooms Day, Economy, Gold, Inflation, Investing, Mining, Saving, Silver, economics | Tagged: GLD, Gold, Inflation, Investing, Investments, Metals, Mining, Money, Silver, Spiders | Leave a Comment »
Posted on October 20, 2008 by MoneyBob
On 10/10/2008 – Bought SLV at $10 per share. iShares Silver Trust (SLV) is a grantor trust. The purpose of the trust is to own silver transferred to the trust in exchange for shares issued by the trust. Each iShare represents a fractional undivided beneficial interest in the net assets of the trust. The assets [...]
Filed under: Economy, Gold, Inflation, Investing, Silver, US Dollar, economics | Tagged: ETF, Gold, Hedge, Inflation, Investing, Investments, Metals, Mining, Money, Silver, SLV | Leave a Comment »
Posted on October 20, 2008 by MoneyBob
FDIC Go to the FDIC website and use EDIE the Estimator to calculate your FDIC insurance coverage for each FDIC-insured bank where you have deposit accounts. EDIE lets you know in a printable report for each bank whether your deposits are within or exceed coverage limits. BEFORE YOU BEGIN, HAVE A LIST OF: All the [...]
Filed under: Banking, Credit Crunch, Economy, FDIC, Insurance, Interest Rates, Investing, Saving, economics | Tagged: Assets, Bank Deposits, Banks, business, Checking Account, FDIC, FDIC Insured, Life, Money, Savings, Savings Account, Work | 1 Comment »
Posted on October 8, 2008 by MoneyBob
CREDIT CARD PROVIDERS EVIDENCE BANK FEARS Pop quiz: if Bank of America (BAC) loaned its retail customers $3 billion less in the third quarter than it did in the second, what’s that mean for credit card issuers? Probably – nothing too good. And, in fact, Mastercard (MA) pretty much validated the spending slowdown with a [...]
Filed under: Credit Crunch, Economy, Middle Class, MoneyBob Postings, Saving, economics | Tagged: business, Credit Cards, Credit Crunch, economics, Economy, Money, MoneyBob, Work | Leave a Comment »
Posted on October 3, 2008 by MoneyBob
On Nouriel Roubini’s Global EconoMonitor, Nouriel explains why the Treasury rescue plan is very poorly conceived and does not contain many of the key elements of a sound, efficient and fair rescue plan – like a HOLC-style program and the need to recapitalize the financial institutions that are badly undercapitalized. Check out: RGE Conference Call [...]
Filed under: Bankruptcy, Credit Crunch, Credit Freeze, Deflation, Dooms Day, Economy, Foreclosure, Gold, Investing, Liquidity Squeeze, Market History, Middle Class, economics | Tagged: economics, Economy, Jobs, Life, Money, Personal, Personal Thoughts, Thoughts, Work | Leave a Comment »
