Archive for the ‘News’ Category

When Do You Think Housing Will Rebound?

Tuesday, October 9th, 2007

With the United States is stuck in the worst housing slump since the Great Depression, it's easy to see why most of the national media and many of us have bought into the "Chicken Little" (aka "the sky is falling") mentality. Prices of new and existing homes continue to fall, the ...

The Case For an Economic Depression

Friday, September 21st, 2007

The more I think of it, the more I can't help but believe that we're on the verge of an economic collapse on par with The Great Depression. The American economy is built on a house of cards. Consumer spending makes up two-thirds of our GDP, which means we're not ...

Helicopter Ben Shocks the Markets and Proves Me Wrong

Tuesday, September 18th, 2007

So much for the Federal Reserve holding steady and keeping the federal funds rate at 5.25% for another month. As I'm sure you're well aware by now, Ben Bernanke and the Federal Open Market Committee today announced that they had lowered the federal funds rate by 50 basis points (most economists ...

Wake Up! The Fed Is Not Going to Cut Rates

Friday, September 14th, 2007

On September 18, the Federal Reserve is going to take the unpopular stance and will announce that they have decided to leave the federal funds rate at 5.25%, where it has been for over a year. It's going to shock Wall Street - who apparently believes it's a foregone conclusion that ...

Most People Believe They Are Fiscally Responsible

Tuesday, April 24th, 2007

According to a recent poll on Saving Without A Budget, nearly 60% of people believe that they are doing a good job with their personal finances and would deem themselves "fiscally responsible." When asked, "do you consider yourself to be fiscally responsible," 59% of respondents stated that they are fiscally responsible, ...