CHESSNOID

Random Noid Musings

Subscription Options

You are viewing the Archives

Is growing our multi-trillion dollar deficit responsible?

I think it is ironic that on most Americans on a personal level have increased savings and decreased spending, while on a national level the federal government is not saving at all but deficit spending into levels never seen before.  Simply put, the federal government is being fiscally irresponsible and doing the opposite of what [...]

Another contradiction: Delinquencies and foreclosures set record in 2nd quarter

I know the recession is officially over and that there are green shoots shooting and the stock market is up over 40% from its May low numbers, yet why is the economy still not improving.  I am not referring to elected government officials or bailed out banks and  wall street companies, but to the overall [...]

Ron Paul on the Free Market

Sometimes you just have to appreciate how Ron Paul expresses himself in regards to politics and economics.  His simplicity always makes sense of situations most people don’t want to discuss.  On top of that his message is always on point and consistent.
Here is his latest dialogue:
The Free Market as Regulator
by Ron Paul
Since the bailouts last [...]

Class action lawsuit against bank for credit limit reductions

This is the first article where I have seen a class action lawsuit against a major bank for reducing credit limits on home equity lines.  I think this is a bit different in the credit card limit reductions in that most of these home equity loans have application fees and annual maintenance fees.  On top [...]