Why all this angst about too much debt? All you have to do is borrow some money and pay it off. Get a consolidation loan, for Heaven’s sakes. My house is under water, for sure My car is upside down, you bet But I’m getting a consolidation loan And finally getting out of debt
I’m afraid I’m about to state the obvious again. Most of you already know what I’m about to say, but as I listen to pundits talk about Greece on daytime TV it’s becoming obvious that not everyone does. The issue is sovereign debt: when is it a problem and when does it become a crisis? [...]
In my opinion, the average watcher of financial cable TV and reader of the financial press can be forgiven some confusion. Experts are found at opposite extremes of many issues. For example, *We need more spending, but budget deficits are bad. *Debt is bad, but we are adding debt at a record pace. *Consumers and [...]
Not Necessarily the Same Thing Once again I'm going to be brave and state the obvious and run the risk of a "Duh" response. While my point is embarrassingly obvious, I haven't heard anyone make it during the debate on the recently passed stimulus package.
"There ain't no money in poetry. That's what sets the poet free. I've had all the freedom I can stand." Guy Clark, Cold Dog Soup In the beginning, there was the stretch for yield that led to subprime, best described in a Japanese Haiku: If regular loans Don't earn enough to suit us Maybe bad [...]