Posts Tagged ‘consumer spending’

Credit Scoooooooooore! By Tom Lewis of DailyImpact.net

Written on 19 Apr, 2015 at 21:04

Fair Isaac, the FICO score company, announced that they're introducing a new higher score to get people borrowing again. But will we fall for it this time?... (Continue reading)

We’re Not Stopping the Foreclosure Crisis because it Affects Mostly Brown People

Written on 5 Dec, 2013 at 8:59

This is not a tragedy that discriminates. The race diminished as a result of what is being allowed to transpire will be "human". ... (Continue reading)

Tagged with: Afghanistan bank accounting rules bank of america bankruptcy bond market Center for Responsible Lending citibank consumer spending deficit spending eminent domain extend and pretend FDIC Chair Sheila Bair Federal Reserve Chairman Ben Bernanke foreclosure and race foreclosure crisis General Motors get out of debt greece economy Gulf of Mexico HAMP housing market housing prices Indymac bank japan economy jpmorgan chase loan modifications mandelman mandelman matters martin andelman medicare mortgage refinancing NACA national debt obama administration richmond social security spain economy stimulus sub-prime borrowers sub-prime loans TARP Treasury Secretary Tim Geithner triple A U.S. Census Department wall street bankers wells fargo bank

Debt Forgiveness – The IMF, Iceland, and the U.S. of the 1930s all say it works

Written on 7 May, 2012 at 6:25

Iceland's mortgage write-down program happened as a result of thousands of its citizens taking to the streets demanding that something be done about the debts the people had incurred buying homes during the bubble at what turned out to be... (Continue reading)

Tagged with: bailouts CNBC CNN consumer spending debt forgiveness deleveraging diana olick economic recovery economy Ed DeMarco falling house prices Fannie Mae Federal Reserve Chairman Ben Bernanke FHFA foreclosure crisis foreclosures Freddie Mac Goldman Sachs greece economy HAMP HOLC Home Owners Loan Corporation iceland IMF International Monetary fund Ireland debt jpmorgan chase loan modification loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman martin andelman ml-implode max gardner ml-implode moral hazard mortgage crisis mortgage refinancing mortgage servicers NACA obama administration recession rick santelli TARP Treasury Secretary Tim Geithner trial modifications unemployment wall street bankers World Economic Outlook

Consumer Spending Up? Come on get happy…

Written on 9 Nov, 2011 at 8:31

The bottom-line... much of what the government is reporting is nothing more than a mirage, with the rest either easily explained or not indicative of a growing economy, but rather a shrinking one. ... (Continue reading)

Tagged with: bank of america borrowing car loans car sales citibank consumer spending core rate of inflation CPI credit diana olick double dip economic recovery economic statistics economic stimulus economy elizabeth warren Fannie Mae FDIC FDIC Chair Sheila Bair Federal Reserve Chairman Ben Bernanke foreclosure crisis foreclosures GDP GNP Goldman Sachs HAMP inflation jpmorgan chase loan modification loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman martin andelman ml-implode max gardner ml-implode mortgage crisis mortgage servicers personal consumption president obama recession student loans Treasury Secretary Tim Geithner trial modifications unemployment unemployment benefits unemployment rate wells fargo bank

Mandelman Comments on Jr. Deputy Accountant.com – Holiday Sales Numbers

Written on 29 Dec, 2010 at 20:37

I'm not sure if this means anything or not, but about holiday retail activity in stores like Nordstrom... well, I live in Southern California... Orange County... the O.C. if that helps, and I took some photos of the Nordstom in... (Continue reading)

Tagged with: consumer spending economic recovery economy Goldman Sachs holiday sales holiday shopping forecasts jr. deputy accountant mandelman matters martin andelman ml-implode