CHESSNOID

Random Noid Musings

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Is California debt on its way to become junk bond status?

California is still in a world of hurt and the budget is still not done.  The Obama administration is playing poker with the state of California and told them to pound sand.  They said they will not bail out California.  I believe this is a bluff.  The federal government both under the Bush and Obama [...]

Why the recession is still not over.

I keep hearing the experts state the recession has ended.  They continue to repeat the same information month after month.  Eventually, they will be right. For now they are simply wrong.
All you have to do to determine if the recession is over is to observe the economy in action.  Do we see growth in any [...]

Small business credit cards and credit lines disappear

This was a great article in the NY Times about small business financing and how credit card companies like American Express, Visa, and Mastercard have cut small business owners at the knees. Just like consumers, credit limits are not being evaluated by payment history, credit profiles, or credit scores. The credit card companies [...]