Friday, July 29, 2005
Thursday, July 28, 2005
Wednesday, July 27, 2005
Tuesday, July 26, 2005
Monday, July 25, 2005
Monday, July 18, 2005
Friday, July 15, 2005
Wednesday, July 13, 2005
Tuesday, July 12, 2005
INFLATION - WHO SAYS IT'S DEAD?
- a dollar in 1950 will buy only 13 cents worth of goods today, 87% less than before -
example 1: a postage stamp in the 1950s cost 3 cents; today's cost is 37 cents - 1,233% inflation;
example 2: a gallon of full-service gasoline cost 18 cents before; today it is $2.28 for self-service - 1,267 % inflation;
example 3: a new house in 1959 averaged $14,900; today it's $282,300 - 1,795% inflation (+1,510% if quality-adjusted);
example 4: a dental crown used to cost $40; today it's $740 - 1,750% inflation;
example 5: an ice cream cone used to cost 5 cents; today its $2.50 - 4,900% inflation;
example 6: monthly Medicare insurance premiums paid by seniors was $5.30 in 1970; its now $78.20 - 1,475% inflation;
example: several generations ago a person worked 1.4 months per year to pay for government; he now works 5 months.And in the past, one wage-earner families lived well and built savings with minimal debt, many paying off their home and college-educating children without loans. How about today?
Feds no longer dismiss talk of housing bubble
Federal Reserve Chairman Alan Greenspan, who as recently as last year dismissed talk of a speculative housing bubble, now acknowledges that there are “a lot of local bubbles” in the housing market.
http://msnbc.msn.com/id/8514801/
Monday, July 11, 2005
Credit card companies increase fees, payments
Greedy for-profit bankers...
http://www.billingsgazette.com/index.php?id=1&display=rednews/2005/07/09/build/business/30-credit-cards.inc
Thursday, July 07, 2005
Wednesday, July 06, 2005
Tuesday, July 05, 2005
Monday, July 04, 2005
Saturday, July 02, 2005
Friday, July 01, 2005
VISA Foreign Fees marked up at consumers expense.
Our CU passes through the 1% VISA charges and that's all...Be careful with MBNA overseas as they are charging 3% for a 2% profit on everything you purchase...
http://www.bergen.com/page.php?qstr=eXJpcnk3ZjczN2Y3dnFlZUVFeXkyOCZmZ2JlbDdmN3ZxZWVFRXl5NjcxNDI2NCZ5cmlyeTdmNzE3Zjd2cWVlRUV5eTI=