3 Ways To Relieve Financial Pressure

Financial pressure builds in most people at one time or another. If you aren’t feeling it, you know someone who is. In a ‘do better,’ ‘accumulate more,’ ‘keep up or catch up,’ and ‘whatever you do don’t let them see you sweat’ culture, pressure is accepted as a given. But when a major crisis happens, […]

How To Use Debt Wisely

Most everyone has some debt, some more than others. However, the type of debt you have has a significant impact on your financial situation. There is good debt and bad debt. You use good debt to enhance your situation and increase your net worth. You should avoid bad debt altogether. Here’s how to tell the […]

How You Can be Mislead by the Way Numbers are Written

A billion dollars doesn’t sound like much these days now that we are throwing around trillion dollar deficits for as far as the eye can see. One of the main reasons it doesn’t sound so bad is because of the way we present the information. A billion dollars sounds like a trillion dollars, which isn’t […]

Shocker! Study shows couples disagree about money

A  study surveyed over 500 couples and found that almost 40% of them disagree on the lifestyle they expect in retirement, more than a third disagree on their planned retirement age, and two out of five don’t agree on whether one or both will work during retirement. I know what you’re thinking, “Couples don’t agree? […]

The Sure Double Dip in Housing

It’s not often we clearly see an iceberg through the windshield filled with our foggy future, but Meredith Whitney says she has seen one when she said, “The housing market surely will double dip.” When we hear such comments there are two things that we need to think about before we accept or reject what […]

Pension Canaries in the Coal Mine

Today the Financial Times reported that “California has acted as the canary in a financial coal mine lately for the rest of the US.” They have recognized the problem of promising much without the ability to deliver. But they haven’t got a real solution. “Northwestern University calculated before the latest bear market that, using risk-adjusted […]

Eye of the Housing Hurricane

After the first wall of the hurricane passes, there’s a lull. You’re in the eye of the hurricane. It may feel like it’s over, but it’s not. It just feels better because the wind stopped blowing for a minute. But when the second wall comes through, it could be just as bad as the first. […]

Greenspan’s Right

On Meet the Press yesterday, former Federal Reserve Chairman Alan Greenspan said a U.S. economic recovery is “going to be a slow, trudging thing,” and that he “would get very concerned” if stock prices continue to fall. He went on to say that a drop in stock prices is “…more than a warning sign. It’s […]

A Look Into Our Fiscal Future

Looking out the windshield into the foggy future is always somewhat uncertain. So we look for a clear break in the fog to see where we are going. Here’s a BIG, pretty darn clear, clue about the road ahead. It’s from the Congressional Budget Office report on the Long Term Budget Outlook that can be […]

Dubai Boom Goes Bust

Last week we heard that Dubai World—the investment and holding portion of the emirate of Dubai—is on the edge of defaulting on billions worth of debt. Because Dubai doesn’t have much oil or gas of its own, its plan was to turn it’s small land mass into a tourist and business destination: the Las Vegas […]

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