I’ve been feeling nervous this week. I’m normally not the nervous type, but the need for a bailout and the house shutting the bailout bill down on Monday, had me on edge. The uncertainty and panic in the markets were bad enough, but the big worry was what was going to happen next? I spoke [...]
For anyone following the financial news lately, these are nervous times. Last week the government stepped in and bailed out mortgage giants Fannie Mae and Freddie Mac. This weekend there was a new list of companies standing at the payout window looking for a helping hand from the Feds. And the government said no.
Over the [...]
In the immortal words of the recently late Jerry Reed, “When you’re hot, you’re hot. When you’re not, you’re not.” Life is about streaks. Living in the Chicago area, I’m a life-long Cubs fan. To anyone who doesn’t follow baseball, the Cubs last won the World Series 100 years ago, and I can count on [...]
If you are one of those people who read the tea leaves trying to predict which direction interest rates are moving, today was an interesting day.
The PPI (Producer Price Index) jumped 1.2% in July, the largest increase in 27 years.
Oil prices, which have been going down sharply lately, touched down at just over $111 per [...]
I’m glad to be the newest addition here at Lenderama, and I want to thank Todd for the great introduction. I also have a confession to make. I still use my HP12C to figure payments. Don’t get me wrong, I do rely on that new fangled computer thingee, but I think better with a calculator [...]
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