Economy | Personal Finance Questions and Answers for Young Professionals

Obama signs new Credit Card Bill. What does this really mean?

27. May 2009

Over the past 6th months I’ve seen my credit card interest rates drop to as low as 9.24%, just to be raised again in anticipation of the new credit card bill passed by President Obama, the “Credit Card Accountability, Responsibility and Disclosure Act.” The bill is intended to help consumers against credit card interest rate [...]

The Crisis of Credit Visualized by Jonathan Jarvis

21. February 2009

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The Crisis of Credit Visualized by Jonathan Jarvis

The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo. CrisisofCredit.com This was awesome. Very good and easy to follow visual example of how we got into this big mess. Leads to so many questions. Who holds the money? What next? How do we come out of this?

GMAC is pushing to become a bank

29. December 2008

1 Comment

GMAC future hinges on vote Auto finance company says future rides on bondholders’ acceptance of debt-for-equity exchange. By David Goldman, CNNMoney.com staff writer NEW YORK (CNNMoney.com) — GMAC LLC is still counting a crucial vote Monday that could determine if the auto finance company turned bank can stay afloat. GMAC bondholders had until midnight last Friday to accept a [...]

What is the Federal Reserve?

12. December 2008

2 Comments

The Fed has been under pressure a lot, and in the news quite a bit. The title had been thrown into conversations about the economy, but what does it really mean, what do they do? Don’t be shy if you don’t know exactly what it means. Here is an article that explains it “like you were [...]

Peter Schiff Was Right 2006 – 2007 (2nd Edition)

26. November 2008

2 Comments

Mark, you must love this guy. I thought this was really interesting how everyone laughed at this guy and he was dead on. Here is another article about it: Does being right matter?

Buffett Says Now Is the Time to Buy U.S. Equities

17. October 2008

3 Comments

http://www.bloomberg.com/apps/news?pid=20601213&sid=apDKZD4TIAKQ&refer=home Oct. 17 (Bloomberg) — Warren Buffett said he’s buying U.S. stocks and, if prices stay attractive, his personal investments, as distinct from his stake in Berkshire Hathaway Inc., will soon be wholly in American equities.

In the Long Run, the Dow’s 40% Nosedive May Actually Turn Into a Safe Landing

10. October 2008

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With the near-record 678-point plunge yesterday (Thursday), the Dow Jones Industrial Average has plunged from its all-time-record high of 14,280 to below 8,600 in just one year’s time. To those accustomed to a five-figure Dow, this 40% freefall represents the unexpected descent of the stock market into a gigantic pit that signifies the dawn of the second Great Depression and an end to the free market system. However, for those of us who believe in fundamental stock-market valuation, the outlook isn’t dire at all – indeed, the stock market’s long-term outlook is as upbeat as it’s been for some time. This painful stretch actually represents a very necessary descent from a turbulent balloon journey through multiple thunderstorms to a relatively safe landing – with only a moderate amount of damage to the actual balloon, itself.

Fed to Purchase U.S. Commercial Paper to Ease Crunch

7. October 2008

1 Comment

Full Story Going a little to far? or not far enough? Oct. 7 (Bloomberg) — The Federal Reserve will create a special fund to purchase U.S. commercial paper after the credit crunch threatened to cut off a key source of funding for corporations. The Treasury will make a deposit with the Fed’s New York [...]

Wells Fargo Trumps Citigroup’s Offer to Buy Wachovia

3. October 2008

5 Comments

Wells Fargo Agrees to Buy all of Wachovia for about $15.1 billion in stock, keeping Wachovia intact and needing no U.S. assistance. Citigroup offered to buy Wachovia’s Banking operation for $2.16 billion, which would relied on financial backing from the FDIC and leave behind the A.G. Edwards Inc. brokerage and the Evergreen mutual-fund family. . . What does [...]

JPMorgan Chase buys troubled Washington Mutual(WaMu)

26. September 2008

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JPMorgan Chase buys troubled Washington Mutual(WaMu)

As we reported yesterday, WaMu posted an increase in their savings account APY to 4.00%. We called this a sign of desperation. It was announced late Thursday night, JPMorgan Chase will buy Washington Mutual for $1.9 Billion, marking this the biggest bank failure in the nation’s history! WaMu is the 13th bank to fail so far [...]

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Personal Finance Questions and Answers for Young Professionals

Archive | Economy RSS feed for this section

Obama signs new Credit Card Bill. What does this really mean?

The Crisis of Credit Visualized by Jonathan Jarvis

GMAC is pushing to become a bank

What is the Federal Reserve?

Peter Schiff Was Right 2006 – 2007 (2nd Edition)

Buffett Says Now Is the Time to Buy U.S. Equities

In the Long Run, the Dow’s 40% Nosedive May Actually Turn Into a Safe Landing

Fed to Purchase U.S. Commercial Paper to Ease Crunch

Wells Fargo Trumps Citigroup’s Offer to Buy Wachovia

JPMorgan Chase buys troubled Washington Mutual(WaMu)

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