Many Consumers Feel Poor; Economy in 'Danger Period'
The actions on Wall Street over the past week could take a toll on confidence as Americans are bombarded with headlines of an economy under duress, people worrying about their money and investors yanking cash out of what were previously considered safe investments. In addition, credit is expected to become even tighter, making it harder for companies and individuals to access the cash needed to make investments and everyday purchases. Wall Street's problems could hit Main Street in several ways. Here's how.
http://www.usatoday.com/money/economy/2008-09-21-recession-fears_N.htm
Mr. & Ms. Taxpayer to Bear the Brunt of the Bailouts for Decades
U.S. rescue plan to carry far-reaching implications for investors, consumers alike. The historic proposal to have the government take the toxic waste off of the balance sheets of U.S. financial institution will balloon the federal deficit and alter the economic landscape, analysts said. Where will the money come to buy the mortgage-paper? The funds are going to be borrowed by Treasury and it will be repaid over decades by taxpayers. "I am convinced that this bold approach will cost American families far less than the alternative, which would be a continuing series of financial institution failures and frozen credit markets unable to fund economic expansion," according to one expert.
http://www.marketwatch.com/news/story/analysts-taxpayers-learn-play-blues/story.aspx?guid=%7B537030A8%2DD417%2D426F%2DAB10%2DFAC7FBF9E892%7D
Also: Mad as Hell - Taxpayers Lash Out
The Big Bailout: Measuring the Aftershocks
While the government's plan lets Wall Street relax for the time being, huge questions about potential side effects of the strategy remain.
http://www.businessweek.com//investor/content/sep2008/pi20080920_797468.htm?campaign_id=twxa
Your Shrinking Credit Limit
It's not just your portfolio that may be shrinking during these turbulent times. The spending limit on your credit card may be heading south as well. Credit-card issuers, including American Express have been decreasing credit limits in the wake of the subprime meltdown. The banks' concern is that consumers have access to credit limits that they can no longer repay. Here is how to protect yourself if your credit limit is reduced.
http://www.smartmoney.com/deal-of-the-day/index.cfm?story=Banks-Lowering-Consumer-Credit-Card-Limits
Twist Helps Homes Sell Faster in Sour Market
Sellers who can't sell are turning to live-in home stagers that give homes a glamorous feel, drawing in buyers.
http://www.bankrate.com/brm/news/mortgages/20080825_home_staging_manager_a1.asp
Closing Bell: When you are just glad the closing bell came (AIG, DELL, GMGMQ, CSCO, POT)
Biotech ETFs: Best bets on health care reform
Cramer on BloggingStocks: The world's been waiting for the new GM 
Reader Comments (Page 1 of 1)
9-25-2008 @ 10:06AM
w tim said...
Just pass the bill, tax payers are already in pain. Every business that goes down a tax payers lose a job and there goes another home with new issue. The fight about who's wrong is in the way. The fight to be rite is in the way. Come together pass the bill cut putting America on hold. 700000000000 is a number a repairing number, a number to say we can fix this or get close to fixing it. The money can be allocated once it's out there , however the time is now. Tomorrow is another day and as an Americans, we learn how to fight for life; but the fight for life can come to a end then we are lost of the time we had. No one specific person will gain but the world will be one step forward in where we are going.
The key is looking ahead and not forgetting yesterday.