When you throw in a short-armed consumer and the massive deleveraging of both households and businesses, an ugly fiscal picture begins to take shape with deficits exploding beyond the already huge projections put forth by the White House. Read More
I'm trying to raise my credit score to purchase my first home. My credit score is 635. I was late a few times on a couple of loans. I've since paid them off. When I purchase my score the formula uses those old accounts that I've paid off to formulate my score. Is that fair or correct? Read More
My favorite Dollar Dilemma regarding credit scores went something like this: “I make over six-figures, my credit should be awesome!” The more we need credit scores, the more misinformation still seems to fester. Read More
Has the economic crisis actually been a good thing for your retirement savings? If you asked this question, most people, still reeling from the hit their 401(k)'s took from during the market's dive, would think you were nuts. But every cloud has a silver lining, and there is at least one potential plus-side to what we've been though over the past year. Read More
The U.S. dollar has no concerns right now, said Ron Shah of Jina Ventures. The main concern for the U.S. needs to be bilateral trade agreements between the BRIC (Brazil, Russia, India, China) countries. Read More
With all the attention on the big banks and the tens of billions in new capital those banks have been able to raise over these last few weeks, it’s easy to miss the fact that companies from a diverse group of industries and with a diverse group of credit ratings have also plunged into the debt and equity markets. Read More
Stocks advanced Monday as investors were encouraged by economic reports out of China and the U.S., and shrugged off the GM bankruptcy filing. Read and listen to what the experts had to say... Read More
There is a tidal wave of government bonds coming to market the next few years. Estimates are for $2 trillion a year for at least the next two years. So on the one side of the pit over which a good tug of war is waged is the Treasury offering a ton of bonds for sale. On the other side is the Federal Reserve offering to buy $300 billion of that debt in the hope that it will keep interest rates down. Doesn't sound like a fair fight. Read More