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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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The Wall Street Journal has an interesting article out this morning touting a new defensiveness among investors -- and what they plan on doing to protect their portfolios against a possible recession. "With the housing downturn, credit crunch, gloomy...
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Allow me one last word on the credit crisis of last week. I hope by now I've demonstrated that credit and debt aren't the sole domain of green eye-shaded numbers crunchers on Wall Street. As the green-eye shaded numbers cruncher in your own company's...
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