The concept of easy credit and Americans carrying too much debt was what first got me into financial blogging a couple of years ago.
Now, you can read news about Americans being overburdened by debt everywhere since the uncovering of sub-prime loans debacle and economic slowdown.
But, even after all of these debt problems surfaced, attempting to […]
debt crisis
Debt and Credit
Subprime Primer
Now that the Fed has taken historic steps to bailout the investment bank Bear Stearns, they’ll be renewed interest in how this whole subprime debacle got started and how it reached today’s proportions.
There’s a good article posted on Wikipedia describing the history of the subprime mortgage crisis, the roles of those involved, and it’s impact […]
Does History Repeat Itself?
As so poignantly written yesterday by Andrew Leonard on Salon.com:
The word of the day on Wall Street is “deleveraging.” The simplest way to explain the concept is with an old bromide: What goes up, must come down. If you borrow a lot of money to make big bets in the market when times are […]
Something’s out of whack here.
Jim Jubak makes a couple of good points:
Is debt crisis worsening?
So what should you do? Raise cash if you can. Keep new cash on the sidelines. Be patient and wait for some solid evidence that the pessimists are wrong and that we really will see a bottom for the debt markets and the […]
