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May 4, 2015
Is your credit card debt bumming you out?
Now researchers have found a statistically significant link between short-term household debt, such as credit card debt and overdue bills, and increases in symptoms of depression.
Thursday: Unemployment Claims, PPI, Fed Chair Powell
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[image: Mortgage Rates] Note: Mortgage rates are from MortgageNewsDaily.com
and are for top tier scenarios.
Thursday:
• At 8:30 AM ET, The *initial weekly ...
6 hours ago
6 comments:
This is crazy talk, man! Why you repeating misinformation like this.
Everybody knows that more debt results in more bling. And everybody is happier with more bling.
Bling, baby. That's what I'm talkin' about!
(AND, I'm totally lovein' the "I'm not a robot" pasta challenge. When AI can pick a pasta, that's surely the end of the human race!)
Anonymous,
Don't you worry about the human race! Nothing will get humans to run faster than a million fully mechanized robots chasing every last human down!
"Human! Stop! Under executive order #1547852457, I hereby repossess the 71 gram gold necklace worn around your neck!"
Somebody should have probably programmed the robots to confiscate the chains over the heads and not through the necks. But what you gonna do? Nobody's perfect.
"I predict that the 30-year treasury yield will be below 3% for all of 2015."--12/10/14
Worried?? (LOL)
John,
My 80% confidence level is currently taking some damage on that one! I am watching it closely, yes. Hahaha!! :)
This is one prediction I would love to see fail miserably. I have a rather sizable bond maturing in January 2016 and I'll be looking to reinvest the proceeds.
In other prediction news, the other 4 are doing okay so far. Exports to China have cratered in the first three months (relative to last year). I just need a dollar less in 2015 so I'm off to a good start there.
Department store sales have been weak so that prediction looks okay so far. Once again, just need a dollar less in 2015.
Shadowstats raised their subscription price? Nope. That prediction seems spot on.
I'd feel pretty good if I got 3 to 5 right out of 5 since they were 80% confidence level predictions, with 4 being optimal of course.
None have failed yet. The key word being yet, lol.
The timing of the first fed hike has been pushed back it seems, although not as much as I expected so far. 2016 at the earliest? I stand by it with a bit less confidence.
Of course, still plenty of time for all my 80% confidence predictions for 2015 to fail. That would bum me out. I'd probably feel the need to wear an "Arrogant Idiot" sign around my neck and shut the blog down. :)
I've been watching the rate rise with interest (pun intended). A little less than 2 years ago, I converted my IRA into a bond ladder and I've been very pleased. I've already hit my investment goal for the year. Bond price fluctuations don't mean much either way.
Mr Slippery,
I sleep a lot better with my money parked in long-term inflation protected bonds held to maturity than I would being parked in cash.
One wonders how many parked in cash in 2009 and are still there. That's 6 years of nothing burger.
Why would we expect the next decade to be filled with something burger? It might happen but I'm certainly not counting on it. Seems much more likely to me that savers will get more of the same, and that's if we're lucky.
That said, not sure risk takers can expect much more of the same. I'd put the odds of the Fed permanently putting a stop to all future recessions about a quarter of a percent below the current Fed Funds rate, lol. Sigh.
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