Archive for the ‘Economy’ Category

Refinance when your house is under water?

Friday, July 30th, 2010

Free Money Finance regularly posts questions that are e-mailed to him by his readers, with the intent of having other readers offer advice.  Recently a reader asked about refinancing a mortgage that is currently under water (meaning that more is owed than the house is currently worth).  Here's the skinny: $225,000 ...

Review of Complicit by Mark Gilbert

Wednesday, April 28th, 2010

The author's marketing firm was kind enough to send me a complimentary copy of Mark Gilbert's new book called Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable. I enjoyed the book.  It was well-written.  (Mr. Gilbert has written a regular column for Bloomberg News for over a decade.)  What ...

Inflation is to cart as COLA is to horse

Wednesday, December 23rd, 2009

I suppose in some ways it might look like zero inflation is bad for you.  After all: Social Security checks don't go up. Marginal tax bracket cutoffs don't go up. The standard federal income tax deduction doesn't go up. Interest rates on savings accounts are in the basement. Etc., etc., etc. These bad things are all ...

Where is that extra French hen?

Wednesday, November 11th, 2009

(If you have a true love, then you have thirty of them from last Christmas! Most people really only need twenty-nine French hens.) Regifting this year is up.  Way up. A Consumer Reports survey found that a little over a third (36%) of American adults said they'd recycle a gift this ...