This is a list of the top 10 cash rebates on current new cars. I am making no recommendations at this stage as I suspect that if you have cash, you will be able to get bigger bargains on land, houses and cars and everything else in 12 months from now. But, if [...]

And now the derivative time bomb is going off.
Quote:
“When historians write about the current crisis, much of the blame will go to the slump in the housing and mortgage markets, which triggered the losses, layoffs and liquidations sweeping the financial industry.
But credit default swaps — complex derivatives originally designed to protect banks from deadbeat borrowers [...]

Although it is difficult to ascertain exactly what caused this prompt action, it appears that the lack of floorplanning loans caused this mega dealer group to shut its doors.
“High fuel prices, cancelled floorplanning from GMAC Financial Services, a reliance on trucks and SUVs, a soft national economy and struggles in local markets had troubled the [...]

Buried in at least one of the proposed legislation to fix our economy is a provision which states that all acts by the Treasury Secretary are somehow not reviewable by any Court of law. This is troubling as it sounds like the passage of some other recent bills which had to be done ASAP [...]

This quote is from an article Robert Prechter wrote on Sept. 19:
The overall process of credit manipulation has robbed bears of their rightful income for nine years. The latest announcement was timed perfectly to bail out investment banks and brokers who bet on the upside or against the downside in derivatives. Didn’t you [...]

As has been previously stated, much of what I read (e.g., Elliot Wave Theory) holds that social mood drives the financial markets and also, perhaps less directly, large governmental actions, like wars. War fever, for example, tends to rise when markets bottom, so that is something to watch for (fervent nationalism in combination with [...]

“Even though the government has now formally agreed to guarantee the debt of Fannie and Freddie, the White House says it doesn’t see the necessity—shock me!—to include the cost of doing so in the budget.… Consider the spree of actions that have the potential—directly and indirectly—to cost taxpayers money: the government accepting $30 billion of [...]

“Children and teenagers are five times more likely to get brain cancer if they use mobile phones, startling new research indicates.
The study, experts say, raises fears that today’s young people may suffer an “epidemic” of the disease in later life. At least nine out of 10 British 16-year-olds have their own handset, as do more [...]

Given the exit money paid to the executives who ran Fannie Mae and Freddie Mac into the ground, literally threatening the US economy to the extent that the federal government “had” to buy these private companies, this story should come as no surprise. Evidently, the higher up’s at Lehman are getting to share in [...]

In order to avoid what has been said to be a “complete meltdown” of our financial system, the federal government has announced its largest new financial program ever whereby it will “take bad mortgages off the books” of large banks. “Paulson announced plans Friday morning for a “bold approach” that will cost hundreds [...]