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Dollar, credit ratings, China, short-term debt

admin — Fri, 23 Jul 2010 01:04:32 +0000

Schiff Report Video Blog July 12th 2010

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The Meaning of a Credit Score I do not suppose you know what your credit score means do you? Do you really? I think you might want to take another moment to think good and hard on that, because in September of 2004, the Consumer Federation of America reported that of one thousand Americans they surveyed,......

Stop Debt Repayment To Rebuild Emergency Fund Regardless of which side of the fence you sit on when it comes to how to implement a debt snowball, there is one thing we can all agree on--it is highly motivating to see debt balances falling. So much so that when you have to put the snowball on ice......

Save a Load on Metamucil (and Personal Finance Links) In keeping with the trend I started around a month ago, here are seven things I think this week: I think that I found a new product that's worth buying coupons on Ebay. I saw that the local military commissary has Metamucil's Clear and Natural Fiber Substitute available for $6.99......

Tax Rebate Money Could Be Better Spent A couple days ago I wrote about the possibility of an upcoming tax rebate as part of a broader [tag]economic stimulus package[/tag]. After learning more about the stimulus package, and the state of the U.S. economy I am more convinced than ever that the [tag]tax rebate checks[/tag] will be monumental......

Japan ‘s Debt Rating – Bloomberg

admin — Sat, 17 Jul 2010 02:26:40 +0000

Fitch keeps Japan’s AA-Sovereign Debt Rating even as fiscal goal abandonment. (Asia Confidential)

GGN- Greece Hires Former Goldman Banker as Debt Chief

admin — Fri, 16 Jul 2010 01:43:51 +0000

PLEASE SUBSCRIBE!!!!! nwotruth.com www.spiegel.de www.ft.com Greece replaced its debt management chief with a former Goldman Sachs Group Inc. investment banker, as declines in the countrys bonds roil European markets. Petros Christodoulou took over from Spyros Papanicolaou as head of the Athens-based Public Debt Management Agency, the Finance Ministry said yesterday in an e-mail. Christodoulou held positions in global markets at Credit Suisse Group AG, Goldman Sachs and JPMorgan Chase & Co. before joining National Bank of Greece in 1998, according to a company filing. The incoming guy is walking into a tough mandate, said Charles Diebel, senior interest-rate strategist at Nomura International Plc in London. Such is the sentiment towards Greece at the moment, a new broom could be a positive. Goldman Sachs helped the Greek government to mask the true extent of its deficit with the help of a derivatives deal that legally circumvented the EU Maastricht deficit rules. At some point the so-called cross currency swaps will mature, and swell the country’s already bloated deficit. Thank you everyone for subscribing!

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What Happens When Demand for US Debt Dries Up? Over a year ago, I wrote about China threatening to stop buying US Treasuries. According to an article in the New York Times, it now looks like China is losing it's appetite for US debt : In the last five years, China has spent as much as one-seventh of its......

Getting Out Of Credit Card Debt Over the years I've spent a lot of time in and around credit card debt. My first professional job was in a customer service call center answering inquiries from credit card customers. From there I bounced around to different areas within the company including fraud, new credit, and then on......

Morning Update/ Market Thread 5/7 Good Morning Crash Survivors,Equity futures are flat to lower this morning as the dust settles from yesterday. The Employment situation report just released the headline numbers of supposedly 290,000 new jobs, but the unemployment rate jumped to 9.9%. Riiiight. Guess the BLS must have had a “fat finger” when they......

The FX Bootcamp Guide to Strategic and Tactical Forex Trading (Kindle Edition) A straightforward guide to trading today's dynamic Forex market Written by Wayne McDonell, the Chief Currency Coach at FX Bootcamp, this book shows readers how to successfully trade the Forex market on their own. FX Bootcamp's Guide to Strategic and Tactical Forex Trading skillfully explains how to combine popular......

Cash Shock: EU forks out $1 TRILLION to curb Greek debt crisis

admin — Thu, 15 Jul 2010 01:34:08 +0000

The European Union has stunned the markets with a massive rescue package for the euro. It’s making available more than 750 billion euros in a mix of loans and guarantees – about seven times the sum it had discussed lending to Greece last week.

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Payday Loans and Fees Payday loans can come in handy at times, especially if you have late bills, including shut-off notices. Payday loans are quite expensive and are illegal in some states; therefore, the loans are not available in all states. Depends on where you get the loan, but most places charge around $60......

How to Go Into Debt to Get Out of Debt This really sounds like the ultimate oxymoron, but one of the best ways to get out of debt is to go a little bit further in. What’s that? First, to help this make more sense, let’s clarify – if you need to get out of bad debt, going into good......

Fools Born to Buy Debt Allow Wall Street Exports to Boom With the fall of the stock market, the collapse of the economy became clear. The real driving force behind it, however, was the failure and dropping confidence in the largest bond market of the world. Known as structured finance, it has led to a crisis which rivals the Great Depression,......

Personal Finance Advice For Your 30's. picture by PerfesserThis post was written as part of the M-Network's Money Matters for All Ages project. You can see the rest of the articles at the bottom of this post. Your 30's - the first time you start feeling mortal and like a grown-up at the same time...at least......

Americans Drowning in Debt

admin — Wed, 14 Jul 2010 00:42:16 +0000

Almost half of American homeowners will be underwater in 2011

America’s Ticking Debt Bomb: Like Greece, Only Worse – Michael Pento

admin — Wed, 30 Jun 2010 01:38:07 +0000

America’s Ticking Debt Bomb: Like Greece, “Only Worse,” Pento Says Posted Jun 24, 2010 08:58am EDT America’s debt bomb is ticking and is likely to detonate in five years or less, says Michael Pento, senior market strategist at Delta Global Advisors. “It could be much sooner when we hit the debt wall,” Pento says. “My opinion doesn’t matter: Math tells me we’re in a serious problem.” The math Pento refers to is the Treasury Department’s recent estimate that total US debt will top .6 trillion this year and rise to 102% of GDP by 2015. Moreover, the publicly traded debt (debt excluding intra-governmental obligations) will rise to trillion by 2015, up from “just” .5 trillion in 2009. At trillion, the interest payments on the public debt will total about trillion in 2015, he continues; even assuming solid growth and low inflation, that would equal about 30% of total government revenue. “What do you think that does to our bond market?,” Pento wonders. “It leads to a dollar crisis and a bond market crisis. That’s why gold refuses to go down. ” Demand for US Treasuries and the dollar currently remain high, especially in the wake of the euro’s slow-motion implosion. Pento admits timing this debt crisis is difficult but predicts we’ll be “like Greece, but worse,” in four years or less, unless we make a sudden turn toward austerity. “When we hit the debt wall it’s going to be extremely pernicious, and quickly.”

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20 Funny ETF Ticker Symbols That Will Never Exist Now that the investing world is moving towards a world of total ETFification, I think it's time we begin giving these fee generating, cash cows catchy ticker symbols that we can actually remember. The easiest way, in my opinion, is to associate each sector or macro investing goal with commonly......

Let's Play "Invest Lazy Man's Money" The deposit for my Tax Year 2006 Roth IRA just went through. So now I have $4000 sitting an account waiting to be invested. I'm looking for an ETF to invest in. I have $8000 in Vanguard Small Cap ETF (VB). I have another $8000 in Vanguard Total Market Index......

What is Debt Leverage? Leverage is a term that is often used synonymously with debt, and for this reason, it is important that people come to understand what debt leveraging actually means, and how it works in an ordinary financial transaction, such as buying a home for example. Let us suppose that you are......

Weakon 236: Stock Indexes (Indices) Indices is a plural of index, unfortunately for the English language, so is indexes. I'll use both so you can be familiar with both terms. I like indexes though because it's easier to say. We've talked about index funds in the mutual fund courses. Index funds seek to mirror the......

Interest Rates, Tax Credits, Schiff For Senate Money Bomb

admin — Sun, 20 Jun 2010 01:20:46 +0000

Interest Rates, Tax Credits, Schiff For Senate Money Bomb

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Saving Money with Your Credit Cards pt 2 Continued from part 1... Another type of credit card that you can use to save money is one that offers frequent flyer miles or air fare rewards. Airfare is expensive, and if you fly relatively frequently then you are probably well aware of how expensive it can be to fly.......

Using Credit Cards to Make More Money When it comes to credit cards, most of us think of them as a way to get things we really want right now. We may not actually "need" these things, but we sure do want them. Whether it's a new couch, a new stereo or even a new wardrobe, we......

Credit Cards Just Loans Wrapped In Pretty Plastic Last weekend my daughter and I had a talk about credit cards after she saw me use my debit card at the store. Here's a sample of our exchange: Her: "Dad, I thought you weren't supposed to buy stuff with credit cards." Me: "That's true, but that was a debit......