Tuesday News Round Up

Posted on April 1, 2008 3 Comments

I really have no good personal finance news to share on this drab, rainy spring day. It’s kind of a cranky, “crap, I didn’t know it was that bad,” sort of a day. Did you see any positive stories today? If so, let me know. ‘Cause all I saw today was this:

A British paper is claiming the U.S. is in “the Great Depression of 2008″ and cites some alarming statistics about the use of food stamps as support. Read it here. OK, it’s just one article, but these types of stories are becoming very prevalent.

The Wall Street Journal points out that the credit crunch is now affecting our savings accounts! What! That’s a blow to this savvy saver! It makes me feel like there are no good decisions to be made. I think my Emigrant Direct account is no longer keeping up with inflation. Grrr…

The New York Times says the average consumer is carrying $9,000 in credit card debt from month to month. (That can’t be right, can it?)

And Fortune is freaking out about the proposed new finance regulations and the mess on Wall Street. (Don’t worry if it’s over your head, nothing’s likely to happen very soon.)

We’re so grumpy-pants we’re even hating on SATC today.

Will Summer please get here soon so we can return to sunshine and happiness?

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3 Responses to “Tuesday News Round Up”

  1. apple
    April 2nd, 2008 @ 10:26 pm

    Ahhh, SATC. How I miss thee. There is much to be learned from this show. (at least on what NOT to do) I remember seeing the episode where Carrie and Aiden broke up and she either had to buy her apartment back from Aiden or move. Turns out she couldn’t get a loan. The only thing she owned that was worth anything was her show collection. :( Yeah for fabulous shoes. Boo for being homeless.

  2. Jerry
    April 4th, 2008 @ 4:39 pm

    Let me add to the misery, but from a New England perspective. In our state (Maine) health insurance costs are now second-highest in the country (after New Jersey), and the tax burden is also among the highest in the country. It is an amazingly beautiful place, sure, but information like this will lead us to relocate in 2008. Sigh.
    Jerry
    http://www.leads4insurance.com

  3. HS @ Our Debt Blog
    April 6th, 2008 @ 7:20 pm

    I am living proof of the average consumer carrying a 9,000 dollar balance! my stament came in this month for $9177.78… ouch!

    HS

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