Involvency is a Serious Issue The situation in which liabilities exceed assets is typically referred to as insolvency and can have serious negative financial effects for consumers. In some cases, liabilities exceed assets only temporarily or in a way that is not financially risky; for instance, in the early years of a mortgage, the amount [...]
Give your Debts a Slip – Go for Debt Consolidation
July 29, 2011 By 1 Comment
Fiscal Prudence – How much is it important to lead a safe financial life?
July 25, 2011 By Leave a Comment
As the United States of America is drowning with a burden of debt, the consumers are desperately taking solid steps to get back a grip on their finances that are in a state of haywire. Everyone thinks if they could go back in time, they would do things differently. Most of us have regrets about [...]
Federal Reserves’ Exit Strategy
February 15, 2010 By Leave a Comment
Feds Exit Strategy – Too Late, Hopefully Not Too Little Federal chairman Ben Bernanke outlined an exit strategy for the trillions ($2.2 trillion to be precise) the Feds has poured into the U.S. economy. The strategy is to raise interest rates once the financial recovery is close to completion. I see at least two things [...]
Euro Problems Just The Beginning?
February 9, 2010 By Leave a Comment
Financial Markets Taking A Beating Thus far in 2010, the financial markets have been taking quite a beating. The recent concerns in Europe over the likes of Greece, Spain, Portugal, and even Italy is creating some real problems and concerns in that particular part of the world. Greece has a very high debt load, Spain [...]
FreedomClub USA Updates
January 27, 2010 By 6 Comments
I thought it would be interesting to note and comment on FreedomClubUSA (Debt Discharge Program) updates as provided in their official newsletter. I’ve been casually following FreedomClub USA since 2006. Please see my orginal post about FreedomClub USA. In order to reduce the length of this post and make it useful for you, I’m only [...]