Tag Archives: Credit Cards

Could take 5 years to get 6 percent unemployment: Fed’s Pinalto

Posted on February 29, 2012 by The Great One

Personally, I don’t believe the unemployment rate is at 8%, I believe it is much higher. Also, there are millions of people on reduced hours and/or reduced salaries, and these people’s situation isn’t accounted for in the 8% figure the … Continue reading →

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Consumers still struggling with loans: source

Posted on January 11, 2011 by The Great One

Interesting how banks coined the phrase “loan delinquency rate,” when it is they, the banks, which are delinquent. They bombard consumers with enticing credit card and other loan offers in an attempt to get them to “bite,” and after several … Continue reading →

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Mortgages: Strategic Defaults Are On the Rise

Posted on May 11, 2010 by The Great One

Interesting article… There is no question that this is happening, and happening on a grand scale. I’ve made the following analogy: Who would walk into an auto dealership to purchase a vehicle, agree to terms for say a $35,000 automobile … Continue reading →

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