Archive for October, 2008
Wednesday, October 15th, 2008
Fishing Through LendingStats To Learn About Prosper
Yesterday I inquired about the absence of Prosper bloggers lately and I received a few responses from Brandon, Mapgirl, Mike & Lazy Man but I decided to do my own little research and I found some startling information. As you can see from the table below, the top 10 lenders appear to have high default [...]
8 Comments » - Posted in MMO by RichSlick
Tuesday, October 14th, 2008
What Happened To All The Prosper.com Blogs?
There was so much enthusiasm about Prosper.com a few months ago that many PF Bloggers would periodically update their lending stats, profits/losses, experiences and more and those blogs all seem to have gone silent. What gives? Now is the time to understand how well (or poorly) Prosper acts as an investment vehicle during heavy market [...]
13 Comments » - Posted in MMO by RichSlick
Monday, October 13th, 2008
Went To The Mall This Weekend, It Was Empty!
This past couple of weeks I’ve noticed a trend at restaurants and at the mall, a general reduction of business at both. I have various companies take me to lunch at least once or twice per week and normally we’re forced to take lunch at 11:30 in order to get in early enough to get [...]
6 Comments » - Posted in Observations by RichSlick
Saturday, October 11th, 2008
Banks Too Generous With Credit Now Too Stingy, Oh Puleeze!
Americans seem to be getting angry that banks are now reducing credit card lines, HELOCs, and other credit instruments just months after they were complaining about banks being too generous and loose with lending. What gives? It seems banks are in a double bind; damn if they do, damn if they don’t and this helps [...]
6 Comments » - Posted in Watch Out by RichSlick
Saturday, October 11th, 2008
Do You Remember March 10, 2000?
March 10, 2000 was the day the Nasdaq hit its highest point of 5048.62 and eight years later, the Nasdaq still hasn’t returned to its peak and has hovered around 2200 for the past 8 years until the big drop these past few days down to 1645 yesterday. Although past performance is no indicator of [...]
2 Comments » - Posted in Observations by RichSlick
Friday, October 10th, 2008
US Treasury & Federal Reserve Planning New Credit Card?
The US Treasury will likely buy up some of the banks out there and this is a preview of the king of all credit cards rumored to be in the works. The card has many interesting features to say the least. Bookmark to: Hide Sites
No Comments » - Posted in The Fed by RichSlick
Friday, October 10th, 2008
The Huge Problem With FDIC $250,000 New Coverage Limit
While I’m glad FDIC coverage has been increased to 250k and while I’m disappointed it’s only temporary there are various problems with the increased coverage amounts. Kudos to Ashmuck for getting partial credit on the answer posted to my original question, asking what the one HUGE problem is with this new coverage limit. The first [...]
No Comments » - Posted in The Fed by RichSlick
Thursday, October 9th, 2008
After The Market Crashes, The Bank Run Stampedes Will Begin
When people realize that the money they thought they had in the stock market is gone, when they realize that their credit lines have been cut and when they have no cash on hand left to pay for fuel, groceries or medicine there will be a stampede at your local bank. The first ones to [...]
6 Comments » - Posted in Watch Out by RichSlick
Thursday, October 9th, 2008
To DoUntoOthers, Fathersez, and Broknowrchlatr, What Do You Think Now?
Back in February of this year, I wrote this post entitled, “2008 Will Be The Year We Should’ve All Gotten Out of the Market” and I received three comments from dountoothers, fatherez and broknowchlatr as follows: I’m sorry but I hear a chicken little. Since 1945, none of the 11 recorded recessions lasted longer than [...]
1 Comment » - Posted in Misc by RichSlick
Wednesday, October 8th, 2008
Red October Will Turn To Blue November
It should be perfectly obvious that this blood red October stock market is going to turn into a political blue November so you should begin planning now for that inevitability. Depending on your gross income and financial situation, your tax liabilities will probably change in some form or another. If your tax liabilities change for [...]