A lot of people used to use their homes as ATM machines, cashing out every so often to consolidate the debt that they used to finance their lifestyles - which demanded more money than their incomes provided. Those days, thankfully, are over. Yet, I am meeting ...
Category Archives: Debt Consolidation Loan
Considering A Debt Consolidation Loan
With the economic squeeze the country is in, a lot of us are feeling the effects, and a lot of people around Atlanta - okay, around the country - have had to rely on their credit cards for everyday expenses. And, we've all done it. "Well, just this time, because things are tight, and I ...
Tough (Economic) Love
Peter Schiff wrote a compelling article spelling out the possible scenarios for the economy. I have linked to it above, and I hope you will go and read it. I think you will find it compelling; even if, in good Peter Schiff style, it ...
‘Bailout’ with a ‘B’, or was that a ‘T’?
Total Bailout Funds committed are approaching $9.7 TRILLION, as reported by Bloomberg this morning. And the authors of the article had an interesting way of spelling out just how much that is, in terms we can all get our arms around: The $9.7 trillion in pledges would be enough to send a $1,430 check to every ...
Inflation is Coming. Do You Know What to Do?
I have been saying for several months on this blog that Big Inflation is coming. And even several readers have commented back that everything seems deflationary, and wonder if I am seeing the same economy that they are. And I am, but I am looking ...
Reduce or Consolidate Debt
In England, some credit cards are now charging 46% interest. Wow. I will have to research to be certain, or maybe a reader knows and wants to post a comment, but I think in the US there are limits on the amount of interest that credit card companies can charge. But it is somewhere in ...
The 2009 Forecast
The folks at iTulip have come up with a very interesting recap to last year and an attempt at a forecast for 2009. As any armchair economist can foretell, 2009 will not be a banner year for the economy, neither macro nor for a lot ...
This Refinance Boat May Leave Port Soon – Board Now
30 year mortgage rates ended Friday close to 4.75%. A bit higher for lower credit scores or higher loan-to-values, of course, but still in the low 5's. Good, by any measure. But, watch this video, and ...
The Magic Number 7
How the $700B Bailout Turned Into $7.7 Trillion Bloomberg reported that the Federal Government has now committed to throwing even more money at the economic crisis, to try to unfreeze the credit markets. And that's equal to half the GDP from last year. It's a big number.
To All Veterans: A Gift
We have a lot of military bases scattered across Georgia. Fort Benning down in Columbus and Fort McPherson here near Atlanta come to mind immediately; but there are more. Even more than several bases is the great tradition of young Georgians volunteering to serve in ...