Can Bankruptcy Help You Avoid Foreclosure?
So you're in default on your mortgage. You've several months behind on your payments. You've tried and failed to get a loan modification and work out a repayment schedule, and foreclosure is looming. Should you consider declaring... Read More» |
Bottomless Pit: Consumers Falling Deeper into Debt
Consumer debt may be moderating, but debt delinquencies are ticking up. Those rising delinquencies foreshadow more economic turmoil for U.S. households and domestic credit card issuers. Read More» |
Debt Concepts Confuse too many Americans
A new survey from Opinion Research Corporation for the Center for Economic and Entrepreneurial Literacy makes some discouraging conclusions about the financial management skills of American households. Read More» |
Positive Mortgage Crisis Side Effect: U.S. Household Debt Declines
In the midst of a financial crisis, the likes of which the U.S hasn't seen in more than 50 years, an interesting side effect has taken place: Consumer debt has declined. This trend, startling for a country that has long relied... Read More» |
Treasury Gets Free Money: A Good or Bad Thing?
At a Treasury auction in early December, investors accepted Treasury rates of zero percent on four-week T-bills. While this is a positive development with respect to the cost of government debt, it might foreshadow the bursting... Read More» |
Can a $1 Trillion Budget Deficit be a Positive Event?
The federal debt has already surpassed $10 trillion, and current estimates indicate that this fiscal year's budget deficit could exceed $1 trillion. Strangely enough, even conservative-minded economists aren't balking at the... Read More» |