CHICAGO (MarketWatch) — Credit-card debt has been falling for 16 straight months but consumers aren't paying off their financial obligations as much you might think. Instead, they're walking away from the debt, forcing credit-card issuers to write off as much as 90% of that reported drop, according to a new report by CardHub.com. U.S. banks charged off a record $83.3 billion in credit-card losses last year. That makes up the bulk of the $93.2 billion drop in outstanding credit-card debt that was reported by the Federal Reserve for 2009. Original Article: Forum: News/Activism

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What credit-card payoff? Consumers are dumping debt

CHICAGO (MarketWatch) — Credit-card debt has been falling for 16 straight months but consumers aren't paying off their financial obligations as much you might think. Instead, they're walking away from the debt, forcing credit-card issuers to write off as much as 90% of that reported drop, according to a new report by CardHub.com. U.S. banks charged off a record $83.3 billion in credit-card losses last year. That makes up the bulk of the $93.2 billion drop in outstanding credit-card debt that was reported by the Federal Reserve for 2009. Original Article: Forum: News/Activism

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What credit-card payoff? Consumers are dumping debt

Debt Concerns And Downbeat Data Are Clouding Economic Recovery In Europe Still the economic conditions in Europe are shaky amid the turbulences resulting from the global downturn that affected small as well as major economies.After th Debt Concerns And Downbeat Data Are Clouding Economic Recovery In Europe 9-3-2010

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Debt Concerns And Downbeat Data Are Clouding Economic Recovery In Europe 9-3-2010

Many of the same risky financial practices that now imperil the Greeks were at the center of the all-too-recent U.S.meltdown.As with Greece, America’s national debt has been growing by leaps and bounds over the past decade, to the point where it thr Analysis Greece’s crisis could presage America’s

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Analysis Greece’s crisis could presage America’s

Filed under: International Markets , Forecasts , China , Economic Data , Commodities , Currency Statements from China concerning its foreign reserves would indicate that China and the U.S. are joined at the hip. Yi Gang, head of State Administration of Foreign Exchange (SAFE) said: “The U.S. Treasury market is the world’s largest government bond market. Our foreign exchange reserves are huge, so you can imagine that the U.S. Treasury market is an important one to us.” Continue reading China Committed to U.S. Debt, But Wary of Gold China Committed to U.S. Debt, But Wary of Gold originally appeared on BloggingStocks on Tue, 09 Mar 2010 17:00:00 EST. Please see our terms for use of feeds . Read  |  Permalink  |  Email this  |  Comments

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China Committed to U.S. Debt, But Wary of Gold

Investors should avoid government securities, including U.S Treasuries and the debt of other nations, because of the risks associated with excessive borrowing, a leading U.S fund manager said on Tuesday. The most dangerous market there is national Treasuries, sovereign debt “dangerous”: Fuss

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Treasuries, sovereign debt "dangerous": Fuss

The idea of a European Monetary Fund is unhelpful but could be welcomed if it cuts deficits, Germany’s central bank chief said Tuesday, stressing that Europe should focus on existing debt rules. New institutions won’t help if the existing ones are EMF plan ‘unhelpful’ German central bank chief

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EMF plan ‘unhelpful’ German central bank chief

The essence of most of them was one and the same; China can, and might buy some gold in the future, but China will not take a headlong splash into the bullion market. China has no interest in damaging its US debt and dollar holdings, … Directory Features Gold Stocks , Silver Stocks , Uranium Stocks , Copper Stocks , Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges -Public companies please contact us with …

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Investorideas.com – Kitcommentary from Kitco Metals Inc. – "Which …

SHANGHAI/HONGKONG, March 9 – Shareholders cheered China Southern Airlines’ $1.58 billion fundraising plan, lifting the airline’s shares to a 21-month high in Hong Kong on expectations the move could speed up the airline’s debt repayments, cutting i China Southern jumps on $1.58 bln fundraising plan

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China Southern jumps on $1.58 bln fundraising plan

I concentrated on stocks (many of my own choosing) that had decent dividends and wrote front month calls against (OTM) which has worked well in this market run. 25% of my gain is in dividends and premium selling, with the balance in …. In short, if the existence of CDS on the default or downgrade of US sovereign debt payable in gold bullion be true, who would be in a position to stand behind these Credit Default Swaps with any reliability, and what buyer would be in a …

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Are Traders Demanding US Credit Default Swaps Payable in Gold …

Filed under: International Markets , Other Issues , Management , Market Matters , Money and Finance Today , Politics , Headline News , Financial Crisis , Currency We’ve read a good deal about the Greek financial crisis. Prime Minister, Papandreou, has imposed tax increases and spending cuts aimed at cutting the Greek deficit. Greece is most indebted nation in the EU. Last week the Greek government floated a 10 year bond offering with rates rising to 6.3% , twice as much as the German government pays to borrow money. Continue reading Greek Prime Minister, Papandreou, Seeks Currency Probe Greek Prime Minister, Papandreou, Seeks Currency Probe originally appeared on BloggingStocks on Mon, 08 Mar 2010 17:00:00 EST. Please see our terms for use of feeds . Read  |  Permalink  |  Email this  |  Comments

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Greek Prime Minister, Papandreou, Seeks Currency Probe

March 8, 2010 What if the U.S. Became Insolvent…and Disappeared? Gregory D. Lee With socialists and liberals in the White House and Congress hell-bent on bankrupting the United States with runaway spending, the nation stands a good chance of going the way of the old Soviet Union, and becoming insolvent. On Friday, analysts in the Congressional Budget Office projected that the proposed budget will add $9.7 trillion to the national debt over the next decade. The Office of Management & Budget estimates the national debt would increase a mere $8.7 trillion. This does not include the proposed $2.5 trillion dollars… Original Article: Forum: News/Activism

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What if the U.S. Became InsolventÂ…and Disappeared?