Posted on October 25, 2009 by MoneyBob
The U.S. is an empire in decline, according to Niall Ferguson, Harvard professor and author of The Ascent of Money.”People have predicted the end of America in the past and been wrong,” Ferguson concedes. “But let’s face it: If you’re trying to borrow $9 trillion to save your financial system…and already half your public debt [...]
Filed under: Interest Rates, Investing, Middle Class, MoneyBob Postings, Oil, Retirement, Stagflation, Taxes, Thoughts, US Dollar, Unemployment Rate, Work, Yahoo Finance | Tagged: Doomed, economics, Future, Middle Class, Personal Thoughts, Thoughts, United States, US, USA, Work | Leave a Comment »
Posted on May 20, 2009 by MoneyBob
more about ""The Worst Is Yet to Come" If You’re …", posted with vodpod
The green shoots story took a bit of hit this week between data on April retail sales, weekly jobless claims and foreclosures. But the whole concept of the economy finding its footing was [...]
Filed under: Aaron Task, Credit Crunch, Depression, Dooms Day, Economy, Howard Davidowitz, Saving, Yahoo Finance, economics | Tagged: Depression, economics, Economy, Howard Davidowitz, Life, Personal Thoughts, Savings, Thoughts, Work, Yahoo Finance | Leave a Comment »
Posted on May 7, 2009 by MoneyBob
Americans’ trust in the financial system has been “shattered” in the past 18 months, says Elizabeth Warren, the Harvard law professor who chairs the Congressional Oversight Panel. She says we’re on our way to restoring that trust, but only as the nation’s elites wake up to a new reality:“What we’re having to do is change [...]
Filed under: Aaron Task, Economy, Elizabeth Warren, MoneyBob Postings, Yahoo Finance, economics | Tagged: economics, Economy, Elizabeth Warren, Personal Thoughts, Thoughts, trust, Work, Yahoo Finance | Leave a Comment »
Posted on April 21, 2009 by MoneyBob
Lesson:
A man is getting into the shower just as his wife is finishing up her shower, when the doorbell rings. The wife quickly wraps herself in a towel and runs downstairs.
When she opens the door, there stands Bob, the next-door neighbor. Before she says a word, Bob says, “I’ll give you $800 to drop that [...]
Filed under: Fun, Jokes | Tagged: Credit Risk, Exposure, Fun, Jokes, Life, Personal Thoughts, Though | Leave a Comment »
Posted on March 1, 2009 by MoneyBob
Where the $200,000+ Crowd Lives
by Paul Toscano
Friday, February 27, 2009
The White House’s budget for fiscal year 2010 calls for tax hikes on wealthy Americans. In this case, that means couples making over $250,000 a year and individuals $200,000 a year. Under the budget plan, these households (about 3 percent of the total) would experience [...]
Filed under: Income, Inflation, Taxes, Work, Yahoo Finance | Tagged: CNBC, Income Taxes, People, Personal, Personal Thoughts, Taxes, Work | Leave a Comment »
Posted on February 18, 2009 by MoneyBob
American’s standard of living is undergoing a “permanent change” – and not for the better
There’s no question the American consumer is hurting in the face of a burst housing bubble, financial market meltdown and rising unemployment.
But “the worst is yet to come,” according to Howard Davidowitz, chairman of Davidowitz & Associates, who believes American’s standard [...]
Filed under: Aaron Task, Credit Crunch, Deflation, Depression, Dooms Day, Economy, Life, Personal, Work, Yahoo Finance, economics | Tagged: Aaron Task, Deflation, Depression, Economy, Life, Personal, Personal Thoughts, Recession, Work | 1 Comment »
Posted on November 28, 2008 by MoneyBob
Can Central Banks Go Broke? Fed Refuses To Disclose Collateral Composition And Recipients Of $2.8 Trillion Loans
The U.S. government is prepared to lend more than $7.4 trillion on behalf of American taxpayers, or half the U.S. GDP, to rescue the financial system since the credit markets seized up 15 months ago. Bernanke’s Fed is responsible [...]
Filed under: Credit Crunch, Dooms Day, Economy, Nouriel Roubini, Retirement, Risk in Portfolio, Saving, The Fed, Treasury Department, US Dollar, economics | Tagged: Deflation, economics, Economy, finance, Life, Nouriel Roubini, Personal Thoughts, Recession, RGE Monitor, Work | Leave a Comment »
Posted on November 25, 2008 by MoneyBob
Eve of Destruction: How the Financial Crisis Was Built Into the System
by Robert Kiyosaki Posted on Monday, November 24, 2008
How did we get into the current financial mess? Great question.
Turmoil in the Making
In 1910, seven men held a secret meeting on Jekyll Island off the coast of Georgia. It’s estimated that those seven men represented [...]
Filed under: Bankruptcy, Deflation, Dooms Day, Economy, Gold, Inflation, Investing, Robert Kiyosaki, economics | Tagged: economics, Economy, GLD, Gold, Inflation, Life, Personal, Personal Thoughts, Play, Work | 1 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 [...]
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 »
Posted on September 23, 2008 by MoneyBob
MONDAY, SEPTEMBER 22, 2008
UP AND DOWN WALL STREET
Filed under: Alan Abelson, Credit Crunch, Credit Freeze, Deflation, Dooms Day, Economy, Foreclosure, Gold, Inflation, Interest Rates, Investing, Market History, Real Estate, Risk in Portfolio, The Fed, economics | Tagged: Alan Abelson, business, Deflation, economics, Economy, Inflation, Investing, Life, Personal Thoughts, politics, Thoughts, Work | 3 Comments »
