Federal Reserve Super Low Rate Policy Crushes Savers And The Elderly
Fed Sees Solution In Zero Rates
The Federal Reserve recently vowed to keep interest rates “exceptionally low” for the foreseeable future in an attempt to revive the economy. Since mid 2006 the Fed has brought the [...]
Dear Congress - Thanks For Doubling My Credit Card Interest Rate
Congress Takes Bow For Credit Card Act of 2009
The Credit Card Act of 2009 was intended to curb certain practices of the credit card industry that were deemed abusive to consumers. With a great deal of public [...]
Super Clunkers - How Congress Can Double US Vehicle Sales
Clash for Clunkers Increases Car Sales
The much maligned Cash For Clunkers program has three remarkable features that differentiate it from the other wide assortment of endless government stimulus/bailout programs.
1. The Cash For Clunkers program, at an initial [...]
Will Mortgage Rates Soar As Fed Programs Wind Down?
Fed Support No Longer Unlimited
There seems to be near unanimous agreement at all levels of government that a recovery in housing prices is essential for economic stabilization and future growth. The Federal Reserve has supported this effort [...]
Regulatory Reform Implies Cause and Solution To Financial Meltdown The Same
The Federal Reserve failed miserably in preventing the meltdown of the American financial system. Worse yet, the Fed’s loose credit and monetary policies and failure to properly regulate the financial system was arguably one of the biggest [...]
America’s Triple A Credit Rating - At The Precipice?
Black Swan Events Becoming Routine
Our Nation has avoided the decline into the abyss that many have been predicting during the economic crisis. At the cost of approximately $13 trillion in government bailouts and guarantees the system has [...]
Sanity Returns to Mortgage Lending - After Trillions In Losses
Liar Loans To Become Illegal
New legislation passed by the House will outlaw “stated income” mortgage loans (commonly called liar loans).
WASHINGTON — The House voted Thursday to outlaw “liar loans,” ballooning mortgage payments and other bank practices that [...]
Frugality The New Lifestyle For Many
Hard Times Bring Back Thrift
Without the aid of easy credit, matching income with expenses has required cutbacks in consumer expenditures and forced price reductions and layoffs by businesses. Frugality has become the new mantra for many as [...]
It’s Time To Give Every Member Of Congress A Bonus
Market Investing Made Simple
Many people probably suspect that Congress causes more harm than good and now we have the proof. Forbes Magazine has uncovered what appears to be a foolproof method for timing stock purchases based on [...]
