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Mortgage Refinance Trends: New Wave Spurs 6-Week High Demand.

It looks like there’s a “mini-wave” of mortgage refinancing that’s been pushing the rate of applications up to a six week high. But the home buyer tax credit doesn’t expire until the end of April, and that doesn’t apply to refinancing anyway, so why the rush?

The rush may be due to the anticipated end to [...]

Has the Recession Changed You?

I’m sure most of us have been affected by the recession, but how many have been fundamentally changed by it?

According to a Money Magazine survey (May, 2009), it has not only changed us but the changes will be permanent:

How we’re feeling.

54% say they’re worse off than a year ago and many worry about the next [...]

U. S. Repeats mistakes of The Great Depression.

One of the commonly agreed upon facets of the Great Depression of the 1930′s is that protectionist policies enacted by governments around the world – including the United States of America (Smoot – Hawley Tariff) – made a bad situation worse.

Don’t look now, but it’s happening again.

I wrote a while back about why I thought [...]

How To Survive the Next Great Depression.

Don't end up living in a Shantytown when the economy heads south.

There has been much speculation as to whether the recession of 2008-2009 will become another Great Depression. I’ve made my views on the subject in my post: Why the Recession of 2008 is More Like the Great Recession Than the Great Depression. I [...]