Mortgage-only defaulters are less likely to then default later on new car loans or credit cards.
People who have defaulted only on their mortgages and no other debts are not as risky as expected, according to a new study from credit monitor TransUnion.
Continue reading… “People Who Default Only on Their Mortgages May be Safe Credit Risks: Study”
32.4% of American adults participated in recreational boating in 2010
They didn’t have enough cash for a cruise to the Caribbean. They didn’t have the available credit on their credit card to charge a flight to Disney World.
But 75 millions of Americans during tough economic times the perfect little getaway in 2010: a weekend of boating.
Continue reading… “Record Number of Americans Participated in Recreational Boating in 2010”
The rich are back to pre-recession-style splurging.
A wider wedge is being driven between the wealthy and everybody else due to high gas prices. The rich are back to pre-recession-style splurging: Saks Fifth Avenue and Nordstrom customers are treating themselves to luxury items like $5,000 Hermes handbags and $700 Jimmy Choo shoes, and they’re paying full price.
Continue reading… “Gas Prices Widening Gap Between Wealthy and Everyone Else”
The world’s largest retailer reported the eighth consecutive quarterly decline at its US stores.
Wal-Mart admits it has been struggling to persuade shoppers to buy much beyond the necessities, as rising food and gas bills hit the spending power of US consumers.
The Fed rule on debit card fees could have far-reaching effects on how consumers spend and save.
The debit card battle between retailers and banks has reached epic proportions. The plan by lawmakers is to slash the fees retailers pay banks every time a shopper uses a debit card. Both sides are spending millions of dollars to convince lawmakers that they’re looking out for average Americans.
Continue reading… “What Effect Will the Cut in Debit Card Fees Have on Consumers?”
Futurist Thomas Frey: Consider the following scenario. Over the next few years, several major cities in the U.S. will begin to impose a ban on all new residential and commercial construction. With populations declining in numerous metro areas, they will worry openly about becoming the next Detroit with abandoned neighborhoods signaling a rapid decline in property values.
Continue reading… “Turmoil Ahead for Housing”
2015 global manufacturers will view the U.S. as equal to if not better-than China.
In March, U.S. exports hit a record $173 billion, up 15% from a year-ago and 37% from 2009. According to a new study from The Boston Consulting Group (BCG), the good times for “Made in America” are just getting started. (video)
Continue reading… “‘Made in America’ Making a Comeback: Study”
College graduates face a double digit unemployment rate.
Today’s college grads are the new underclass. They have been beaten down by heavy debt and lack of work. Many are struggling to stave off financial ruin.
Continue reading… “85% of Young People Return Home After Graduating From College”
San Jose, California
When the landlord hikes your rent it’s usually not welcome news. But a surge in rents this year represents a counterintuitive bit of good news for the economy and perhaps even for the beleaguered housing market.
Continue reading… “Top 10 Cities Where Rents Are Spiking”
Postal Service reports more that $2 billion in losses.
The U.S. Postal Service is continuing to lose money, reporting a loss Tuesday of more than $2 billion over the first three months of the year and warning it could be forced to default on federal payments.
Continue reading… “Billions in Losses Reported By the Postal Service”
Highly paid skilled manufacturing workers scarce.
Long known for layoffs and shipping jobs overseas, U.S. manufacturing companies, now find themselves in a very different position: scrambling for scarce talent at home.
Continue reading… “U.S. Manufacturers Scramble to Find Enough Highly Paid Skilled Workers”
In case you missed it (and you certainly may have in the midst of other current world affairs) it’s Hemp History Week. The second annual one in fact. I imagine most readers don’t need much convincing that the US ought to legalizeindustrial hemp production–remember, though it’s perfectly legal to important hemp products into the US, it’s illegal under Federal law to grow hemp–so I won’t regale you with all the reasons I think hemp prohibition (alongside marijuana prohibition) is, to be blunt, moronic…
By delving into the futuring techniques of Futurist Thomas Frey, you’ll embark on an enlightening journey.
Learn More about this exciting program.