Archive for August, 2008

30
Aug

Weakonomics Weekend Edition: VP of America Edition

Posted by The Weakonomist in Saturday, August 30th 2008   Comments Off   

Last Friday, Barack Obama announced Joe Biden will be his backup VP via text message.  A great little scheme to get the phone numbers and email addresses of millions of Americans.  It didn’t work as fluidly as the committee of people hoping to get a job if Obama is elected Obama Campaign had hoped.  But [...]

under: government, media, weakend    
29
Aug

The Kitty: Social Saving Taken to a New Level

Posted by The Weakonomist in Friday, August 29th 2008   Comments Off   

First of all does social saving really exist on any level?  Not really, that’s why we need The Kitty.  If there is anything such as social saving or social banking, credit (no pun) will go to SmartyPig for their ingenuity.  SmartyPig is a way to publicize what you’re saving for.  Talking about your goals has [...]

under: banking, loans, personal, personal finance    
28
Aug

Why Do Accounts Have Minimums?

Posted by The Weakonomist in Thursday, August 28th 2008   Comments Off   

This is actually a question I’m posing to the readers.  I honestly do not know the answer.  There are a few in my office that used to work in the environment where questions like this were asked, but they didn’t have an answer either.  I’m going to tell you what I think, and I ask [...]

under: banking, college of weakonomics, loans, personal finance    
27
Aug

Supplement to Weakon 231: What Went Wrong

Posted by The Weakonomist in Wednesday, August 27th 2008   2 comments already   

You’ll probably want to read Weakon 231: How the Mortgage Industry Works (or Worked!) first.
We stand here over a year after the sub-prime crises began.  The sub-prime crises lead to the credit crunch, the credit crunch lead to slowed growth, slowed growth killed the stock market, the down market sent people into commodities, which drove [...]

under: banking, college of weakonomics, economics, loans    
26
Aug

Weakon 231: How the Mortgage Industry Works (or Worked!)

Posted by The Weakonomist in Tuesday, August 26th 2008   2 comments already   

You’re on the lawn of a 2,200 square foot house.  You’re sipping cold water from those tiny 8 oz bottles your Realtor gave you at the beginning of your venture.  You look at your spouse and smile, this is home.  ”I’ll take it!” you say with pride.  Your spouse shoves their elbow in your side [...]

under: banking, business, college of weakonomics, economics, government, loans    
25
Aug

Should We Bail Out Freddie and Fannie or Let them Fry?

Posted by The Weakonomist in Monday, August 25th 2008   Comments Off   

There’s a great debate going on in the various offices in Washington lately.  If Fannie Mae and Freddie Mac go down, should we bail them out?  You know me, I’m not one for opinions but I might include my two and a half cents.  Read on and see that advantages and disadvantages of bailing them [...]

under: banking, economics, government, investing, loans    
23
Aug

Weakonomics Weekend Edition: Mygazines and Broken Computers

Posted by The Weakonomist in Saturday, August 23rd 2008   Comments Off   

I pride myself on being able to handle just about any situation thrown at me at work. There just isn’t anything worth getting upset about there. If I fail at something in my job, you will not notice, so therefore its just not that important.
This philosophy at work keeps me from ever getting [...]

under: personal, weakend    
22
Aug

How does the Market Lose Value?

Posted by The Weakonomist in Friday, August 22nd 2008   1 comment so far   

A better question might be: How does anything lose value?
No one has ever posed this question to me, but I do find myself explaining it every time I talk about the stock market.  If the Dow is down 300 points, then the market has lost value?  But what difference does it make really?  There is [...]

under: economics, investing, personal finance    
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