Showing posts with label credit. Show all posts
Showing posts with label credit. Show all posts

Friday, March 07, 2008

Have A Cup O' Depression This Morning



so when do bankers start jumping out of windows and throwing themselves in front of trains?

in other news, just when thought your tour of bizarro world was over, statistics come out indicating that job cuts for the month of february are the highest in five years, yet the unemployment rate dropped last month from 4.9 percent to 4.8 percent.

Thursday, March 06, 2008

Scream 'Yeehaw!!' and Pass The Foreclosure Notices



i think the financial industry will be forced to exit the denial stage of grief very shortly. our rapidly deteriorating credit market is also presenting some difficulties in securing educational loans. i listened to a program on NPR this morning that touched on this developing crisis. when the interviewer asked the loan expert whether students would be forced to go to cheaper public institutions, i began to laugh heartily. public universities are increasingly becoming not-cheap. many students' choices are between expensive public universities and more expensive private ones. the only cheap education these days is through self-teaching.