Posted April 22, 2008 - 10:49 by Linsey Knerl
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. In direct response to the possibility that gas would reach $4.00/gallon, he mused at whether even this horrific amount for gas would be enough to “change consumers’ habits.” What? As if we’re not doing that already.
Posted January 30, 2008 - 15:21 by Paul Michael
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 the horizon. It’s not approved yet, but it has already passed its first major hurdle – The House Of Representatives approved the $146 billion dollar deal. Want to know how much you'll get?
Posted January 24, 2008 - 00:34 by Xin Lu
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 markets. This move means different things for different people and for some consumers it is excellent news. How could these consumers take advantage of this event?
Posted January 11, 2008 - 22:35 by Xin Lu
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 their means? Here are some things that I think could happen if the denizens of the United States became tightwads over night. The effects will be global, and they are not all good.
Posted December 28, 2007 - 09:14 by Philip Brewer
I don't know if a recession is coming. Nobody does. We may dodge the bullet for a while. On the other hand, the economy may already be in recession. You don't need to know the future, though, to make some wise moves.
Posted December 12, 2007 - 11:41 by Paul Michael
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 bunch of money on gas.
Posted November 26, 2007 - 09:33 by Philip Brewer
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.
Posted September 22, 2007 - 06:17 by Philip Brewer
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 through their own credit problems (or avoided having any) can't stir up much sympathy for people who bought houses they can't afford--and pretty much nobody has any sympathy for the mortgage brokers and hedge funds that lent them the money. A new guide from Americans for Fairness in Lending, though, shows that the damage actually hits at every level, from the individual borrowers (including borrowers with good credit), through the neighborhood, local economies, and the national economy. With their kind permission, we're presenting the guide here on Wise Bread.
Posted September 21, 2007 - 14:21 by Paul Michael
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, our President, claimed he was fiscally responsible I almost snorted tea out of my nose and onto my monitor. Fiscally responsible? Seriously?
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