A while back, I wrote about my best friend (besides my wife), John . John doesn’t spend money on frivolous things at all – he spends way less than he earns and is really careful with his money, saving up for the future. He lives in a very small…
This is the ninth of twelve parts of a “book club” reading and discussion of Dave Ramsey’s The Total Money Makeover , where this book on debt reduction is teased apart and looked at in detail. This entry covers the tenth chapter, finishing on page 182. The next entry,…
Mary’s True Confessions: This morning I woke up with the sole intention of wrapping my mind around the new HERA/RegZ requirements that go into effect this Thursday, July 30th (better late than never right!). I dedicated time to absorb multiple lenders interpretations and their plans for implementation of this process by reading…
Over the last year, I’ve been gradually moving away from a paper calendar (I used a Moleskine desk diary for it) to using Google Calendar for keeping track of all of my appointments, important dates, and other such information. It’s been a slow process – I’ve been using paper…
Investors seem bipolar, with the S&P 500 up about 2.5% today … Click on graph for larger image in new window. This graph is from Doug Short of dshort.com (financial planner): “Four Bad Bears”. Note that the Great Depression crash is based on the DOW; the three others are for…
Greetings from RGE Monitor! The first half of 2009 has ended and we at RGE Monitor are in the process of updating our quarterly Global Economic Outlook. Below you will find a preview of our views on the short-to-medium term prospects for the U.S. economy. The full version of…
In Alcoa, Tennessee a 71 year old woman was able to save her home from foreclosure and auction with a reverse mortgage loan. The original home mortgage loan was secured from Wells Fargo. The bank had to first write off $30,000 from her original mortgage balance. According to her…
If I had to pick a single graph to explain the evolution of the United States’ balance of payments – and thus, indirectly, the entire story of the world’s macroeconomic “imbalances” – this would be it. All data is in dollar billions, and is presented as a rolling four…
The Wall Street Journal reports Treasury Secretary Timothy Geithner’s plan to help investors buy troubled assets from banks has lost momentum. Big banks worried about having to sell at fire-sale prices while small banks feared they would be shut out. Potential buyers balked at the risk of doing business…
The fall in China’s recorded Treasury holdings in April has attracted a fair amount of attention . Too much, in my view. Best that I can tell, China shifted from bills to short-dated notes in April rather than actually reducing its overall Treasury portfolio. It just so happens that…