lyingtoourselves

Chicago Fed: Why We Are Still in Recession

I have not seen any articles lately about that double dipper that was predicted some time ago now.

Credit Card Defaults Set a New Record

People are living off credit cards, using them as a replacement for income. I'm going to be forced out of my job soon, I'm trying to sell my home, I might just have to join the living off credit crowd eventually myself. The only good thing about our economy is the dependence we have towards money, you cannot live without it.

Why the U.S. economy CAN'T “recover”

Nickelman, it's still a free country he can say what he wants. He did not bash the U.S., but the policies of our leadership. In China you can walk into a bank deposit money into savings while a portion can go into gold or silver if you like. Can't do that here so easily. It's kind of a good store of value actually. Kissing China's but is our governments policy, not the policy of one mans opinion. Sadly enough, our economy is based on debt, and our currency is weakening.

Still Missing the Last Green Shoot: Jobs

Haha, the old weaker dollar will save us analogy. I agree with next above poster about consumption, and especially debt consumption.

And yeah, unemployment is higher than 10%, and inflation will come, just give it some time.

Bartz Is Yahoo's Last, Best Hope - Barron's

Carol will bury Yahoo, I don't know who helped her rise to where she is today, but she will destroy yahoo trying to keep up with or mimic other portals ideas, while stifling creativity. She is just another insecure bully, who hides behind a fake optimistic know-it-all facade.

Just like so many other managerial business leaders in this once great country.

Higher Mortgage Rates? Now That's a Green Shoot!

With appraisals the way they are coming in, many people will not be refinancing, they will either continue foreclosing, or pay, and pay.

I chose to build equity right off the bat, I knew lending standards would have to tighten up someday. When telemarketer mortgage brokers are calling your home all hours of the day or night asking if you want to cash out something has got to be amiss.

I got my 30 year 4.75% mortgage so I'm good to go. The only upside that I see is taking banker interest profits back, and turning that into disposable income.

When a family is paying 5-10 thousand a year just in interest so they can live under a roof they'll probably never really own, you have to admit, that's a little ridiculous.

Worst Housing Number in Decades: What Is the Wall Street Media Smoking?

RE is going down for awhile yet, before likely stagnating for years, it's the nature of the beast. RE is kind of an economic indicator of sorts when you think about it. Incomes will have to come in line with RE prices or vice versa. It's really a big mess, more banks are going down, and so are many households that had a decent income yanked out from under them.

30 Investors Bound to Lose Big on GM

I was glad when I ditched my Vanguard ROTH IRA when it first dipped below what I had in it.

U.S. Government Paying Homeowners to 'Walk Away'

Refinanced the other day to save some bucks and they asked me if I wanted to cash out. Also, I pay 1.5x on the front end of my loans, usually until I'm up until about payment 100, then maybe back off. Essentially, by not promoting building equity, and asking people to cash out, the banks are insuring steeper interest payments for themselves which takes away from disposable income, which essentially crashes are consumer dependent society / economic model.

For one second I actually considered asking how much I could cash out for, burying the money, stop making payments, keep saving, wait until I get kicked out, quit my really stupid government job, and just go do something different for a change.

Nowhere Near a Real Estate Bottom

Gee guys, head to an inner city, look around a bit and you'll see people suffering already. They are called the homeless. If gas hits $10/gallon all those SUV's will head to the scrapyard. Peak oil won't hit for awhile, when it does America will finally stop being an oil based economy. Ethanol will cause more famine and subsequent disease in coming years which is apparently a good thing. Mass transportation will eventually come to light, when I don't know. Building greener communities will eventually come to America, it's going to be the next bubble. America just has incredibly stupid leadership is all. IF 20-30 years of Clintons and Bush's is not nepotism at it's finest I don't know what is. Same thing at the state level, a poisoned democracy. A depression is just what America needs, but it will not happen, I'm hoping for a deep and prolonged recession.