Economy

What's the big deal about banks refusing to lend?

Anybody--but especially frugal people--can be excused for thinking that the whole credit crisis thing is being overblown. After all, we get along without debt. In fact, we str

In times like these, separate the want from the need.

I remember saying to my dad, a long, long time ago, that I really needed a whole bunch of He-Man action figures for Christmas. Oh, and Battlecat, too. My dad looked at me, a hopefu

Peak Debt

Is there a limit to how much Americans can spend? Clearly there is: All they earn, minus savings and service on their existing debt, plus new borrowing. Since the Bureau of Econ

The Upside of Down

As we watch the markets sink and gyrate, it's a scary time. There's talk of a major recession. While the downsides of a downturn are obvious and very real -- lost work, lost invest

Could the last person to leave America please turn out the light.

I don’t know about you, but I’m more than a little worried by recent economic events. First Freddie Mac and Fannie Mae, then Lehman Brothers, and now an $85 billion loan to AIG. So

How does the Fannie Mae and Freddie Mac bailout affect you?

Yesterday Henry Paulson decided to use the power given to him by the housing bailout bill to officially take over Fannie Mae and Freddie Mac. This is a decision that has a huge im

Self-sufficiency, self-reliance, and freedom

Self-sufficiency is producing the actual stuff you use--your own food, your own clothes, etc. It's not a common lifestyle. Most people chose instead to follow the path of self-re

Your stimulus check is on its way!

Wow. I guess pigs may just fly after all. Because, believe it or not, the goverment is actually paying out the economic stimulus checks ahead of schedule. And that means you could

Gas Is High Enough….

Watching my local newscast a few nights ago, I was disturbed by the assumption that the anchor made regarding rising gas prices and consumer reaction.

Bush's economic stimulus package; What will you get back?

As you’re no doubt aware, President Bush has created an economic stimulus package in the hopes of stalling the impending recession (or if you believe some, depression) that’s on th

How Do You Take Advantage of the Federal Interest Rate Cut?

The Federal Reserve just cut the interest rate by 0.75% between two official meetings! This is the largest cut since 1982 and it was like an adrenaline shot to the sagging stock ma

What If Everyone Suddenly Became Frugal?

What if a magical spaceship from the planet Cheapos came to earth and brainwashed everyone so that every single American stopped buying useless junk and started to live way below t

Preparing for a Recession

Find out what, exactly, is a recession and what you can do to prepare for it.

Save gas; don't make left-hand turns.

You have to hand it to UPS. They crunched the numbers, they looked at the hard facts and they figured out that by limiting the number of left-hand turns made, you can save a whole

Living within your means isn't nasty

How bad could things get? The New York Times asked that question about the economic situation. It's a good question, but they gave a really bad answer.

How the subprime lending boom hurt everybody

Among the Wise Bread community, I get the sense that there's a kind of "pox on both their houses" attitude to the problems in the subprime mortgage markets. People who worked thro

Should George W. Bush write for Wisebread?

I'm not sure how many of you watch the news or read the news blogs on a daily basis. I know I can't, it's way too depressing to do every day. But when I saw that George W. Bush, ou

Europe has the Euro. Are you ready for The Amero?

Hold onto your hats. (Or should that be dollars?) The Amero is coming. I’ve heard a lot of talk over the last few years about a new currency called the Amero that will replace dollars and pesos. [more]