Jul 23 2009
Credit Card Companies Placing Financial Landmines for American Consumers: How I lost my 4.99 Percent Fixed Rate and got it Back.
Americans have a love affair with credit cards. Many Americans have more credit cards in their wallets than they do dollar bills. When 8,000,000 credit cards were yanked from circulation many consumers realized that this was a new era of austerity. Credit card debt otherwise known as revolving debt, peaked in September of 2008 at [...]
Jul 2 2009
Employment Situation: Job Anti-Growth – A Decade with Zero Net Added Jobs. 131 Million Nonfarm Payroll Employment in June of 2000. 131 Million Nonfarm Payroll Employment in June of 2009. 6,460,000 job losses since start of Recession.
The so-called second half recovery got off to a rocky start. The market was expecting 367,000 job losses for the month of June but instead got 100,000 more than expected. The market quickly turned sour as 26,000,000 Americans are now unemployed or underemployed in the job market. Yet what is even more troubling is the [...]
