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Millions of people took advantage of the many adjustable-rate mortgage options offered a couple years ago. It seemed like a good idea at the time. Housing values were climbing, houses were being flipped at huge profits, and the low initial interest rates...
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Most of the news coming out of the housing market is bad. Home values continue to tumble. The first quarter reports show a fourteen percent value loss over the past year. The national median home value is now the same as in 2005. There’s no doubt about...
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Preparing a budget is tough enough; sticking to it is even harder. And then, to make things worse, the price of groceries has risen like a soufflé. Do you feel like someone just stuck their foot out into the aisle to deliberately trip you up? Here are...
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If you’ve been breathlessly awaiting your tax rebate, you can exhale sooner than expected. The first of the direct deposits will be hitting the bank April 28, and by Monday, May 9 the paper checks will be in the mail. All $100 billion of the stimulus...
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Remember the movie "Ferris Bueller's Day Off"? If you do, then you also remember Ferris' boring economcis teacher, whose monotone delivery of "Bueller . . . Bueller . . . anyone . . . Bueller?" while taking attendance was recently...
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I get a headache trying to figure out the financial media these days. Last week, the business pages were full of gloom-and-doom stories about the bad economy and how the housing mess is greasing the skids for a recession this year. I thought that the...
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