Last June, I wrote a post asking if we really needed credit cards, and came to the conclusion that yes, we did. At least one credit card, since there are many entities that will require proof that it’s you via a credit card, or won’t hold something for you unless [...]
This was expected. Citigroup announced that they had lost around $1.6 billion in the 4th quarter of 2009, mainly from trying to pay off the federal government, and that ends up giving them a loss of $7.6 billion for the year.
That’s certainly not the best news for a banking system [...]
An article on the Wall Street Journal website titled Debt-Cutting Will Slow Global Growth prophesized that debt cutting efforts by the United States and other countries, and by all the consumers, will slow economic growth for many years, which wouldn’t be a good thing for most economies.
It’s an interesting premise, and [...]
I tell you, it’s so strange trying to figure out finances and the stock market sometimes. The story about JP Morgan Chase gives us a dichotomy of fortunes that are somewhat incomprehensible when you’re trying to understand how some of these people who play the stock market think.
Chase stated that [...]
There was a story on MSNBC.com today regarding what’s coming as it pertains to credit cards, and none of it is good news. Some of what the story talks about I’ve addressed here in different stories, while some things are new. In essence, he has six points, which I’m [...]
I know that some people believed I was sounding a very negative death knell against the credit card industry last year. I went fairly easy on American Express because, after all, it’s not associated with any banks and their practices, for the most part, have been pretty fair.
But for everyone [...]
The final financial post of 2009 for Top Finance Blog, and I thought it would be interesting to see what the best and the worst financial news of the year was. There was way more bad news than good news, and to answer the question of which one we want [...]