While this might be the biggest economic disaster of our generation, it might not be the big bad wolf that we all think it is. Quite the contrary, this little financial lesson migh
Should you take advantage of the $700 billion bailout plan to help struggling homeowners and stop paying your mortgage?
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
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
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
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
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
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
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 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
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
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.
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
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 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
Find out what, exactly, is a recession and what you can do to prepare for it.
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
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.
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
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
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