credit

Results for credit

Plastic the next credit crunch

 The writing is on the wall. Last week American Express was offering $300 for people to pay off their credit card balance. Don’t you think other credit card companies will follow suit? When and if credit card companies start contracting credit ...

Forum topic - investorzzo - Mar 10 2009 - 8:18pm - 1 comment

17th bank fails this year

http://money.cnn.com/2009/03/06/news/companies/bank_failure/index.htm    In all of 2008, 25 banks failed, and in the fourth quarter, the FDIC's list of troubled banks grew to 252 , marking the highest level since 1994. The ...

Forum topic - investorzzo - Mar 8 2009 - 11:09pm - 0 comments

What's so wrong with Credit Card Default?

Anyone have any thoughts about my question? Banks default all the time on their debt. But, if the individual does it we are "bad people." Even with a perfect credit score you can't get a loan. What is the down side to using all ...

Forum topic - kylefenwick7 - Mar 4 2009 - 5:22pm - 89 comments

Store closures

Bankrupt Retailer # of Stores Closed Retailer Closing Stores # of Stores Closed Ritz Camera 800 Ann ...

Forum topic - investorzzo - Mar 4 2009 - 2:55am - 0 comments

It's Not a Credit Crunch, It's a Deflation

http://seekingalpha.com/article/123287-it-s-not-a-credit-crunch-it-s-a-d... If you’re within one astronomical unit of a TV, by now you’re convinced that we’re in a Credit Crunch.  If only those nasty financial institutions would just loosen ...

Forum topic - SamLinder - Mar 1 2009 - 3:18am - 8 comments

End of the Credit Crises

If I hadn't read this, I wouldn't have believed it. Manipulation at it's best?   http://seekingalpha.com/article/123194-the-end-of-the-credit-crisis Re: End of the Credit Crises Quote: You see where this is ...

Forum topic - investorzzo - Feb 28 2009 - 11:42pm - 3 comments

The butcher, the baker and the candlestick maker

Mr. Schiff provides an easy-to-understand analogy that might prove useful when having those discussions with folks about why Obamanomics might not work. http://www.europac.net/externalframeset.asp?from=home&id=15572     (Current ...

Forum topic - grl - Feb 27 2009 - 3:46pm - 0 comments

"Grants" to pay of credit card debt.

Great "minds" conspire to use taxpayers money to pay off credit card to debt to help potential home buyers. When will the insanity end?!  http://www.abajournal.com/news/houston_to_pay_personal_credit_bills_with... Re: ...

Forum topic - 4xtech - Feb 25 2009 - 8:55pm - 2 comments

Crisis of Credit Visualized Website

Interesting animated visuallization of the crisis: http://www.crisisofcredit.com/ Re: Crisis of Credit Visualized Website Great post thanks. Loved the way the 'responsible' home owners are thin and the bankers are not.  ...

Forum topic - tabletop - Feb 23 2009 - 3:49pm - 18 comments

Bubble Economy 2.0: The Financial Recovery Plan from Hell

 Bubble Economy 2.0: The Financial Recovery Plan from Hell Martin Wolf started off his Financial Times column today (February 11) with the bold question: “Has Barack Obama’s presidency already failed?” [1] ...

Forum topic - Damnthematrix - Feb 14 2009 - 6:28pm - 5 comments

Wrong paradigm? "Fractional reserve banking" actually "credit-money system"?

Steve Keen: "The Roving Cavaliers of Credit" (or Why Ben's Helicopter Will Fail) http://www.nakedcapitalism.com/2009/02/steve-keen-roving-cavaliers-of-cr... This is a must read this article on naked capitalism. It upends the ...

Forum topic - WendyT - Feb 9 2009 - 11:27am - 1 comment

History's Take on America

How will history books cover American culture in 200 years? I am of the opinion that history will see the American lust for credit and insatiable desire for stuff with the same evolved disapproval that we view the Ancient Roman lust for blood and ...

Forum topic - tabletop - Jan 14 2009 - 1:56pm - 2 comments

Must Read

You really must read MISH's latest post, Bernanke Hints Banks, Economy In Much Worse Shape Than Previously Admitted , even if you have time to read none of the quotes from Bernanke's speach today at the London School of Economics, you ...

Forum topic - WendyT - Jan 13 2009 - 9:51pm - 0 comments

Merrill Lynch's Prognosis

Here is a data-rich, tough-minded analysis from David Rosenberg of Merrill Lynch. I've seen it quoted in numerous places on the web, but apparently his report was pulled from its original location (presumably on ME's site), perhaps ...

Forum topic - WendyT - Jan 12 2009 - 3:54pm - 0 comments

Total Credit to GDP

The relationship between Total Credit and GDP puzzles me. I have seen this curve where Total Credit to GDP rises from about 150% of GDP (circa 1960) to 360% of GDP in 2007. I have no doubt that Credit has exploded. However, it is the mechanics of such a ...

Forum topic - montypelerin - Jan 12 2009 - 2:32pm - 0 comments