Where the $200,000+ Crowd Lives

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 [...]

“Worst Is Yet to Come:” Americans’ Standard of Living Permanently Changed

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 [...]

We’re On The Eve Of Financial Destruction

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 [...]

Financial Crisis is Becoming Severe

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 [...]

Don’t worry, tomorrow we’ll be back for more frolic and fun

Spongebob Quotes:
Spongebob: “Don’t worry, tomorrow we’ll be back for more frolic and fun.”
Spongebob: “Moss always points to civilization.”
Squidward: “This city needs to be destroyed!!! Or at least painted another color.”
Squidward: “That’s it, I’m getting off the loony express.”
Patrick: “I know a lot about head injuries…belieeeve me!”
Sandy: “Stupidity isn’t a virus… but it sure is spreadin’ [...]

FDIC Launches Campaign To Help Consumers

FDIC Rolls out Deposit Insurance Awareness Campaign
Personal Finance Expert Suze Orman Featured in PSAs

FOR IMMEDIATE RELEASE
September 22, 2008

Media Contact:
Andrew Gray (202) 898-7192

The Federal Deposit Insurance Corporation (FDIC) today launches a national campaign designed to help consumers learn about the benefits and limitations of deposit insurance. The campaign’s [...]

Official Launch of MoneyBob.com Coming Soon

I am excited to announce that our little MoneyBob Blog on WordPress
will soon migrate to his very own official landing page on www.MoneyBob.com.
Hope to see you there. Good things will be coming soon.
I would be interested to here your comments. Have any suggestions?

Oil Could Reach $200 A Barrel

Goldman’s Murti Says Oil `Likely’ to Reach $150-$200

By Nesa Subrahmaniyan
May 6 (Bloomberg) — Crude oil may rise to between $150 and $200 a barrel within two years as growth in supply fails to keep pace with increased demand from developing nations, Goldman Sachs Group Inc. analysts led by Arjun N. Murti said in a report.
New [...]

Financial Doom – Current Best Sellers

Go ahead and read those apocalyptic books on the economy if you like a good scare. But be sure you recognize fiction when you see it.
By Jim Jubak
If fairy tales express our deepest fears, then investors must be on the verge of a psychotic breakdown.
The current crop of financial gloom-and-doom books carry titles such [...]

It’s a recession to 4 out of 5 Americans

A CNN/Opinion Research poll shows that the nation is becoming more convinced the economy is in a nosedive.
By Catherine Clifford, CNNMoney.com staff writer
Last Updated: May 6, 2008

NEW YORK (CNNMoney.com) — A new poll shows that more Americans than ever before think the economy is in a recession.
A national CNN/Opinion Research Corp. poll released Tuesday found [...]