for those of you who still hold credit cards, trouble is down the tracks. Be Warned!!! Get rid of them quickly as you'll be paying for your banks mistakes!

Credit Card debt is ready to blow!

"The next bomb from this chain reaction of bailouts and blowups will be credit-card debt. Hardly anybody is talking about it yet, but banks and consumers are ( Read more... )

More dangers in Wall Street and the Dow Jones...

Mortgage loss threatens US banks
"Two hedge funds operated by Bear Stearns have lost billions of dollars from collateralized debt obligations (CDOs) - complex financial products made up of bonds, loans and derivatives which are, in turn, funded by home loan debts ( Read more... )

This is only the beginning...

"Consumers boosted their borrowing in March at the fastest pace in four months, suggesting they are remaining resilient in the face of rising energy prices and a painful housing slump."
Reality check: Consumers aren't borrowing for the fun of it. They are starting to live on their credit cards. They seem to know that ( Read more... )

I just read a great blog by Russ Winter. This is why I'm not believing the Dow Jones or anything this government is telling me about this economy.

Rebuttal of GaveKal's Bully "Wealth & Platform Theory"

A quote:
"The values of "financial assets" are a bit easier to ascertain but are also exaggerated and transitory. Even normal financial markets ( Read more... )

Yes, I'm glad that the market stabilized somewhat. No, it's not over yet. When you have that many "big wigs" with their fingers on the sell button something is up. It reminds me of a game of "hands down ( Read more... )

OMG!

Have you read this? Dow drops 416 on global market plunge

It got all the way down to past 500 points earlier this afternoon.

This isn't just America that this is happening too, it's world wideEvery major stock market plunged ( Read more... )

You decide!

I found an interesting op-ed today called Watch your flanks, America! by Peter Navarro ( Read more... )