These were too big to post in Twitter, so I’ll put them up here. These are questions I hope Dave Ramsey answers in the upcoming Town Hall for Hope event on April 23rd. In Financial Peace University, you state a good target interest rate for mutual funds is 12% to 18%. What is a rate [...]
Category Archive for 'economy'
I’m probably not going to have very much time in the next two weeks for political analysis, with school and work and everything (somebody has to contribute to GDP and pay taxes to pay for the bailout). The way I see it now, I think Obama will when the election. I hope I’m wrong, but [...]
I’ll try to post some interesting things around the web I’ve found that do a good job of explaining what’s been going on recently. This American Life, The Giant Pool of Money. Very interesting, a few months old. Describes why the banks started to make so many loans to people that probably wouldn’t pay them [...]
Article from 1999 in the NY Times (emphasis mine). Fannie Mae, the nation’s biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits. It sucks because Fannie Mae [...]
Poking around at Economist.com and I found some interesting charts, like this one that shows how many weeks of pay a company has to give an employee for letting them go. Talk about crazy…in Zimbabwe a company has to give out over EIGHT YEARS worth of compensation to an employee. Why would you even remotely care [...]
Dave has a plan for the bailout. It’s almost an 8 minute audio clip, but very interesting. He’s saying we can change a law that lets these mortgages become marketable again…the “mark to market” law in Sorbanes Oxley, I believe. The government can insure these mortgages and that lets them become saleable again. It’d be [...]
The best comment I’ve read today about the oil/bailout stuff today is from badbanana on twitter: The price of oil has jumped a one-day record amount due to anxieties caused by the financial bailout designed to alleviate anxieties.
Hmm, I see according to Michael Hyatt on twitter, that Tennessee (well, Nashville, more specifically) is out of gas. I wonder if this is because of anti-price gouging laws? If you can’t raise the price high enough to deter demand, then you end up with shortages. I couldn’t believe this is happening when I saw [...]
While Oklahoma State University has received donation after donation after donation after donation after donation this summer, tuition is going up by 9.9%, which translates into about $300 per semester per student.
I saw this story about a man torching his BMW to protest high gas prices. The Bavarian man, whose name was being withheld because he has not been charged with a crime, told police that gas prices were so high he could no longer afford to drive the vehicle. As in many countries, gasoline prices [...]