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Mike

Joined: Feb 22, 2010Comments: 34
Forum Threads: 190Forum Posts: 322
Rep Points: 866
Mike

Recent Community Posts


Personal Story Of Identity Theft And Fraudulent Credit Card
Updated: Sep 30, 2014 by keithsanfran  |  27 comments  |  Miscellaneous

For the first time in my life, I was victimized by this heinous deed. Yesterday, I received an alert from my AAA Experian monitoring service that I got a read more

Consumers Can Switch Banks In Under A Minute With Smartphone Cameras
Updated: Sep 19, 2013 by Mike  |  3 comments  |  Financial News

Using only the camera that comes standard on today’s mobile devices, people can now open new bank or credit union accounts in less than 60 seconds. read more

Fiscal Crisis In Chicago: Pensions 31% Funded, Moody's Downgrades Debt 3 Notches, Pension Liability Is $61,000 Per Household; Mish's Proposed Solutions
Updated: Sep 19, 2013 by Mike  |  5 comments  |  Financial News

  Bankruptcy Here We Come Unfortunately, unions are highly unlikely to accept my common sense proposal. Ultimately, Chicago will play around with read more

So, It's No Tapering After All; Reaction Is Telling
Updated: Sep 18, 2013 by Shorebreak  |  5 comments  |  Financial News

Party on Dudes. The Fed says "No Tapering". Here is a snip from the FOMC Statement.  Read more at Mish's Global Economic Trend read more

If The NSA Can Hack Your Bank Account, Who Else Can?
Updated: Sep 12, 2013 by Mike  |  3 comments  |  Financial News

From CNNMoney Revelations that the National Security Agency can break through web site encryptions and access huge amounts of personal data has raised read more

Initial Jobless Claims Plunge Due To "Computer Upgrades" And "Faulty Reporting By States"
Posted: Sep 12, 2013 by Mike  |  0 comments  |  Financial News

    Initial Jobless Claims Plunge Due To "Computer Upgrades" And "Faulty Reporting By States" | Zero Hedge   Specifically, a larger read more

Poland Confiscates Half Of Private Pension Funds To Cut Sovereign Debt Load
Updated: Sep 7, 2013 by Ally6770  |  1 comment  |  Financial News

    While the world was glued to the developments in the Mediterranean in the past week, Poland took a page straight out of Rahm Emanuel's read more

Putin "Brings It": Says Will Assist Syria In Case Of Attack
Updated: Sep 6, 2013 by Mike  |  6 comments  |  Financial News

  Chart in post.   Equity markets are not amused...   Putin "Brings It": Says Will Assist Syria In Case Of Attack read more

GOOD HUMOR: Fact Or Fiction: Poll Says Majority Of Americans Approve Of Sending Congress To Syria
Updated: Sep 6, 2013 by Mike  |  2 comments  |  Financial News

    WASHINGTON - As President Obama continues to push for a plan of limited military intervention in Syria, a new poll of Americans read more

Establishment Survey: +169K Jobs, June And July Revised Lower; Household Survey: Employment -115,000, Not In Labor Force +516,000; BLS In Wonderland
Posted: Sep 6, 2013 by Mike  |  0 comments  |  Financial News

Labor Force Factors Discouraged workers stop looking for jobs People retire because they cannot find jobs People go back to school hoping it read more

Record 90.5 Million Out Of Labor Force As Half A Million Drop Out In One Month; Labor Force Participation Rate Plunges To 1978 Levels
Updated: Sep 6, 2013 by lou  |  2 comments  |  Financial News

  http://www.zerohedge.com/news/2013-09-06/record-905-million-out-labor-force-half-million-drop-out-one-month-labor-force-parti

Gallup Says Seasonally-Adjusted Unemployment Climbs To 8.6%; Who To Believe (Gallup Or The BLS)?
Updated: Sep 6, 2013 by Ally6770  |  1 comment  |  Financial News

  Who To Believe? Gallup notes seven consecutive months of declining full-time employment. Because of Obamacare effects , the Gallup report is read more

Ten Ways To Wipe Out Retirement Savings
Updated: Sep 5, 2013 by pearlbrown  |  9 comments  |  Financial News

From MarketWtach.com: 10 ways to wipe out your retirement savings - MarketWatch Worth repeated readings and reminders.  Bottom Line: Treat your read more

Did Obama Just Appoint Himself Fed Chair?
Updated: Sep 5, 2013 by Ally6770  |  3 comments  |  Financial News

  Amid the G-20 headlines ("nobody mention the war"), leaders are proudly commenting on the global co-ordination on growth and tackling joblessness read more

Is The Selloff In Treasuries Overdone?
Updated: Sep 5, 2013 by Shorebreak  |  1 comment  |  Financial News

  Is the Fed going to raise rates? Nope. There is a zero percent chance of that. Should Fed tapering purchases from $85 billion to $75 billion or read more

How To Prepare For Rising Interest Rates
Updated: Sep 1, 2013 by Ally6770  |  5 comments  |  Financial News

"We do anticipate rates going up, but how far and how fast that's going to happen is an open question," says Bradley Roth, managing partner at Kattan read more

Are You Eligible For A Black Card (And Can You Afford One)? Find Out With This Infographic
Updated: Aug 31, 2013 by Shorebreak  |  6 comments  |  Miscellaneous

  http://www.zerohedge.com/news/2013-08-30/are-you-eligible-black-card-and-can-you-afford-one-find-out-infographic When we think of the read more

San Bernardino, California Eligible For Bankruptcy
Posted: Aug 30, 2013 by Mike  |  0 comments  |  Financial News

  The judge said the one creditor who wanted her to dismiss the bankruptcy was Calpers. But she said: "If Calpers gets all the money they want, under read more

The Long View On Interest Rates
Updated: Aug 29, 2013 by ChrisCD  |  5 comments  |  Financial News

This is the long term view on interest rates.  The chart shows both the "Fed Funds" equivalent short term rate versus long term interest read more

When Banks Mistakenly Withdraw Money From Your Accounts
Updated: Aug 26, 2013 by FAR  |  6 comments  |  Financial News

I had one credit union which made two unauthorized debits of around $100 to my account. For those cases, the credit union immediately resolved the mistake read more

A Controversial Jackson Hole Paper Has Current And Former Fed Governors On The Defensive
Updated: Aug 25, 2013 by Mike  |  1 comment  |  Financial News

Fed Chairman Ben Bernanke and others have argued that asset purchases work by taking safe assets out of the market and therefore forcing cautious read more

Ally "Loyalty Rewards" CD Renewal Info
Updated: Aug 25, 2013 by Mike  |  14 comments  |  Bank Deals

  Earlier today I searched Ally's website for info on their CD renewal bonus.  Such info does not exist!  So I phoned to talk to a CSR read more

Do Savers Need To Be Saved?
Updated: Aug 25, 2013 by Mike  |  7 comments  |  Financial News

Many economists take Bernanke's side on the issue of savers and interest rates. In summary, their view is that the health of the economy takes precedence read more

1987 Crash Remake??
Updated: Aug 24, 2013 by Ally6770  |  7 comments  |  Financial News

From MarketWatch.com: How the Fed could cause another crash - Brett Arends's ROI - MarketWatch I noitced that MarketWatch.com writers are contributing read more

A Bullish Case For The Market - A Contrasting View Of A 1987 Crash Style Bearish Forecast
Posted: Aug 23, 2013 by Mike  |  0 comments  |  Financial News

It takes two to tango, right?  You need Bulls and Bears to make the market move.  Here's a Bull:   Addressing Marc Faber’s Call read more

Sears Can't Survive As A Retailer, Davidowitz Says - Video
Updated: Aug 23, 2013 by Mike  |  4 comments  |  Financial News

He comments on the economy as a whole, revealing concerns with other companies, and part time employment stats.   Is he right or missing the big read more

Interest Rates And Inflation
Updated: Aug 23, 2013 by Mike  |  2 comments  |  Financial News

 Who will benefit from higher rates?  See link for full discussion.   Read more at Mish's Global Economic Trend Analysis read more

Bond Market Misconceptions, Facts, And Fallacies; Bond Market About To Collapse?
Posted: Aug 22, 2013 by Mike  |  0 comments  |  Financial News

  The number of truths, half-truths, and blatantly false perceptions regarding US treasuries all strewn together is quite typical in mainstream media read more

UPS Drops 15,000 Spouses From Health Plan, Blames Obamacare
Updated: Aug 21, 2013 by Ally6770  |  3 comments  |  Financial News

Interesting things are happening in the economy: UPS Drops 15,000 Spouses From Health Plan, Blames Obamacare | Zero Hedge

Hackers Cracking New Online Bank Security Measures
Updated: Aug 21, 2013 by Mike  |  1 comment  |  Financial News

From Yahoo! Finance: Banks have started to send one-time codes via SMS text messages to customers to use in addition to passwords for logging in to their read more