02
Jul
2008
Do You Feel It
Posted by Steve Rhode as Economy
If you're new here, you may want to subscribe to my RSS feed right now, before you forget, to get the latest posts. Thanks for visiting! I’m not sure if it is just me, the press or a cosmic vibe but it feels as if times are certainly getting maybe not more desperate, but more economically ...[Read More]
16
Jun
2008
U.S. Not In a Recision. Does It Feel That Way To You?
Posted by Steve Rhode as Economy
I was just reading a very interesting article from England, “Two sliding sectors do not a recession make“. The author makes some good observations about the current status of the American economy but ultimately it does not really matter what the statistics show, but how the majority ...[Read More]
07
May
2008
UK Economy Teetering on Brink of Ruin. Where the Hell Are the Bankrupts?
Posted by Steve Rhode as Bankruptcy, Consumer Debt, Economy, General News, Mortgage Related
Frankly I’m stunned where all the bankrupts are in the UK. With fuel prices rapidly increasing, the cost of daily life getting more expensive and credit choked, how in the world are people in the UK managing to make ends meet? And you thought things were only tight in the US hum? Well the ...[Read More]
14
Apr
2008
Fiscal Irresponsibility Is Not Your Sin Alone
Posted by Steve Rhode as Economy, Just Me Talking
As much as government and big business cast blame on consumers for not keeping their financial houses in good order, I’m afraid a bit of a smoke screen has been blown in front of your eyes. The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 was passed to benefit big ...[Read More]
02
Apr
2008
Bad News - 95% of People Have Jobs
Posted by Steve Rhode as Business Advice, Business Failures, Economy, Employees Not Watching, Work Related
For those of us financial, debt and credit experts it is just so easy to drift to one side and see things with alarm. Every bit of new news seems like yet another bit of bad news that spells doom and gloom for consumers. The press, media, and yes, maybe even this blog, have run negative economy ...[Read More]
07
Mar
2008
Federal Reserve to Give All American Adults $50 Gift Cards to Best Buy, Circuit City and Hooters
Posted by Steve Rhode as Economy
Ben Bernanke, chairman of the U.S. Federal Reserve appeared at a congressional hearing today to answer questions about the apparent economic downturn. Bernanke told those attending the hearing, “Guys, I don’t have a fucking clue how to turn this shit around. I’m as freaked out ...[Read More]
25
Feb
2008
Four Reasons Why Your Bank WILL Make a Profit Off of You
Posted by Steve Rhode as Banking, Credit Cards, Economy
I’m writing this article at 40,000 feet above Canada as I fly back to the UK from the US. It is no longer surprising that consumers in these countries and all other market economies that enjoy the benefits of consumer credit are at a significant disadvantage of achieving a healthy ...[Read More]
15
Feb
2008
Observations On The Road - Signs of Real Consumer Weakness in the U.S.
Posted by Steve Rhode as Economy, Mortgage Related, Travel Related
We hear a lot about the state of the economy in various places, but it isn’t till you get out on the road where you can see how it might really be impacting people. This morning I’m waking up in Arlington, Texas. This means that I’m now more than halfway across America, if you ...[Read More]
11
Jan
2008
Debt is Your Duty Consumer. It’s Patriotic to Spend, Spend, Spend.
Posted by Steve Rhode as Banking, Beware, Economy, Money Management
With it looking more and more likely each day that the the U.S. economy is tipping into a recession and the Fed talking about yet another interest rate cut to jump-start the economy, let’s be perfectly clear with what is really going on. The messages from government and Wall Street will be ...[Read More]
11
Jan
2008
High-End Luxury Spenders Are Leaving Home Without Credit Cards
Posted by Steve Rhode as Economy
Apparently our high-flying, high-spending luxury shopper friends are feeling the credit crunch as well. High-end retailers in a deluded desire to fuel their businesses on the backs of people that don’t know when to stop, have found that even high-spending impulse buyers see the economic ...[Read More]
06
Jan
2008
Ray Dalio, the billionaire fund manager who was among the experts to advise the US Federal Reserve in recent months, has said interest rate cuts are not the solution to the turmoil in the credit markets. “The basic problem is that, at current exchange rates, Americans will not earn enough ...[Read More]
06
Jan
2008
U.S. Economy Causing Hair Loss and Irregular Bowel Movements
Posted by Steve Rhode as Economy
Well it appears the crystal ball is clear but it is the economy that is murky. Economic conditions in the U.S. right now certainly feel like a car teetering on the edge of a cliff, like in an old CHIPS episode and Officer Francis (Frank) Llewelyn “Ponch” Poncherello is holding on ...[Read More]
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