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09.16.09
The Only Thing Constant Is Change: Tomorrow’s “Good Old Days” are happening now

Change isn’t always good, in fact at least half of the time it’s bad. The changes we have been seeing since early in 2008 have been very bad for the USA and for all over the world. The economy has tanked in much of the world, largely due to greed on the part of financial institutions who were encouraged to make loans to unqualified borrowers, who offered credit cards with limits higher than common sense and charged usurious rates of interest on the unpaid balances. They also made “negative equity” car loans in which dealers took trade-ins on which there was more owed than their worth, then rolled the “negative” equity into the new car pricing and the bank bought the paper. Most car buyers started out in the hole and it only got worse from there.

09.16.09
The Only Thing Constant Is Change: Tomorrow’s “Good Old Days” are happening now

Change isn’t always good, in fact at least half of the time it’s bad. The changes we have been seeing since early in 2008 have been very bad for the USA and for all over the world. The economy has tanked in much of the world, largely due to greed on the part of financial institutions who were encouraged to make loans to unqualified borrowers, who offered credit cards with limits higher than common sense and charged usurious rates of interest on the unpaid balances. They also made “negative equity” car loans in which dealers took trade-ins on which there was more owed than their worth, then rolled the “negative” equity into the new car pricing and the bank bought the paper. Most car buyers started out in the hole and it only got worse from there.

08.31.09
Did You Get Your Stimulus Check Yet? How About Cash For Your Clunker?

You may not know it, but we aren’t the only fools thinking that we can borrow our way back to prosperity. Heck, the whole world is doing it, too! Both Germany and France have government bailouts and “cash for clunkers programs.” Their economies, much like that of the USA, are very reliant on the manufacture of automobiles . . . and the sale of them. Both countries have reported some growth in the past couple of months, a whopping .03 percent, but it is growth, but is it attributable to auto sales?

08.31.09
Did You Get Your Stimulus Check Yet? How About Cash For Your Clunker?

You may not know it, but we aren’t the only fools thinking that we can borrow our way back to prosperity. Heck, the whole world is doing it, too! Both Germany and France have government bailouts and “cash for clunkers programs.” Their economies, much like that of the USA, are very reliant on the manufacture of automobiles . . . and the sale of them. Both countries have reported some growth in the past couple of months, a whopping .03 percent, but it is growth, but is it attributable to auto sales?