Posted October 16, 2008 - 07:42 by Paul Michael
I’ve been recovering from surgery recently, so that has given me the opportunity to do a lot of thinking on my sick bed. And with the recent turmoil in the economy, plus a focus on the housing market, I couldn’t help a certain thought from bubbling up in my mind day after day. It’s not responsible; it’s not even fair; but I do have to wonder…should we all just stop paying the mortgage?
Posted October 1, 2008 - 11:08 by Paul Michael
Well folks, I hope you have plenty of time on your hands. The initial 3-page document that Bush and Paulson put forward has grown somewhat. It's hardly surprising, considering how much of a broad sweep the initial bailout plan was. However, you have to wonder how many people out there have the time, patience and understanding to read a 451-page economic document. But, if you want, you can download it right here.
Posted September 30, 2008 - 13:15 by Philip Brewer
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 strongly recommend that others do so as well. If getting along without debt is the way to go, why make such a big deal over a credit crunch?
Posted September 26, 2008 - 09:09 by Paul Michael
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 hopeful 10-year old with big cow eyes, and said “no, you don’t need them…you want them.” It went over my head. How could he not know I needed them? Now, as an adult living in a country that’s in economic turmoil, his words resonate more than ever.
Posted September 19, 2008 - 01:13 by Philip Brewer
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 Economic Analysis puts numbers on those very items, it's possible to see just how close we are to the edge. In a fascinating paper, Ron Laszewski does exactly that. The results are rather depressing.
Posted September 17, 2008 - 19:44 by Carrie Kirby
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 investments, lost homes -- there are also some very real upsides to downturns, both on the personal scale and economy-wide.
Posted September 17, 2008 - 15:17 by Paul Michael
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. Some people would have us believe that despite all of this, the foundations of our economy are strong. But with trillions of dollars in debt now on the table, how long can this country keep racking up the red ink?
Posted September 8, 2008 - 14:52 by Xin Lu
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 impact on global financial markets. So how does this change affect you? Here is a list of the winners and losers in this situation.
Posted May 14, 2008 - 10:28 by Philip Brewer
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-reliance. Rather than directly producing the things they use, they produce something they can sell for money, or else they work for someone who will pay them money, aiming to earn enough to buy what they use.
Posted April 26, 2008 - 08:56 by Paul Michael
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 get your cold, hard cash as early as Monday, depending on your SSN.
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