Why This Crisis is Still Far from Finished

Why this crisis is still far from finished
By Mohamed El-Erian
Published: April 24 2008

During the past few weeks we have seen a growing number of market participants predict an end to the dislocations that erupted last summer and claimed victims throughout the financial system and beyond. While their predictions are understandable, they are premature. The dynamics [...]

Buffett: “Economy is in a Recession”

NEW YORK (Reuters) — Warren Buffett, the world’s richest person, said Monday that the U.S. economy is in a recession that will be more severe than most people expect.
Buffett made his comments on CNBC television after his Berkshire Hathaway (BRKA, BRKB) agreed to invest $6.5 billion in the takeover of chewing gum maker Wm Wrigley [...]

Today’s Bankruptcy Law helps the Banks

  
The New Bankruptcy Law is protecting Banks and Lenders more than the Consumers.
CONGRESS REVISED THE nation’s bankruptcy laws under 2005’s Bankruptcy Abuse Prevention and Consumer Protection Act, effectively making it harder for individuals to claim insolvency. The reform was seen by critics as protecting banks and lenders more than the consumers the legislation’s title claimed to [...]

Investment Outlook

Investment Outlook

Bill Gross | September 2007

During times of market turmoil it helps to simplify and get basic – explain things to a public and even yourself in terms of what can be easily understood. Goodness knows it’s not a piece of cake for anyone over 40 these days to understand the maze of financial structures [...]

What a new Federal Minimum Wage means for the states

 
With the recent passage of a federal minimum wage bill, the first national minimum wage increase in over a decade is imminent. This bill will provide a wage boost for 12.5 million workers. Under the legislation, the first step of the minimum wage increase—from $5.15 to $5.85—will go into effect on July 24, 2007, 60 [...]

Meduim Home Price 1.5 percent below the price a year ago

  
Second quarter numbers are in from the National Association of Realtors
August 16 2007:
NEW YORK (CNNMoney.com) — The median price for a single-family home sold during the three months ended June 30 fell to $223,800, 1.5 percent below the price a year ago.
Some of the results of the survey, from the National Association of Realtors were [...]

More and More Unsold Homes

July foreclosures nearly double from last year; industry group raises forecast for more.
 By Les Christie, CNNMoney.com staff writer - August 21 2007
NEW YORK (CNNMoney.com) — The flood of foreclosure filings showed no sign of let-up in July, according to the latest data from RealtyTrac, the online marketer of foreclosure properties.
179,599 foreclosure filings, which include default [...]

Five Reasons Why The Fed Won’t Cut Rates

Why the Fed Won’t Cut Rates:
1. Official on-the-record Fed commentary: St. Louis Fed head William Poole and Richmond Fed head Jeffrey Lacker have loudly argued against it, with Poole saying a “calamity” is required first, and Lacker noting the impact on consumers is “relatively small.”
2. Off-the-record whisperings: Fed reporter Greg Ip wrote: while “officials acknowledge [...]

MoneyBob Launches Official Blog Site!

Hello and Goodbye World - My name is “MoneyBob” and I have finanlly launched my Official Money Blog, I mean MoneyBob Blog - to help, inform, educate, and teach consumers all about personal finance and how to prosper in today’s world of economic challenges.