Year: 2023

Credit and Debt

Once You Hit This Credit Score, ‘There’s No benefit To Scoring Higher,’ Says Expert: ‘It’s Just Bragging Rights’

August 14, 2023 RickMad Comments Off on Once You Hit This Credit Score, ‘There’s No benefit To Scoring Higher,’ Says Expert: ‘It’s Just Bragging Rights’

CNBC.com: While having a perfect 850 credit score is impressive, you don’t necessarily need it to unlock the best benefits. “Typically, once you hit the mid-700s, you’re considered to have excellent credit and there’s no practical benefit to […]

Housing Market

Real Estate Experts Say ‘Challenges’ To Buyers and Sellers Are The ‘Greatest Ever’

August 11, 2023 RickMad Comments Off on Real Estate Experts Say ‘Challenges’ To Buyers and Sellers Are The ‘Greatest Ever’

FoxBusiness.com: For homebuyers and sellers alike across America, there’s a massive “struggle” being felt to close deals or make any money. “The challenges to real estate buyers and sellers right now are probably the greatest ever,” real […]

Economy

The Greater Financial Crisis of 2024

August 10, 2023 RickMad Comments Off on The Greater Financial Crisis of 2024

DailyReckoning.com: You’re probably aware that Fitch has downgraded the credit rating of the United States from AAA to AA+. It was big news last week. That’s nothing to cheer about, though it’s not likely to […]

Personal Finance

Credit Card Debt Hits Eye Popping $1T For The First Time Ever

August 8, 2023 RickMad Comments Off on Credit Card Debt Hits Eye Popping $1T For The First Time Ever

FoxBusiness.com: Americans are increasingly turning to their credit cards to cover everyday expenses, with debt surpassing $1 trillion for the first time at the end of June, according to a New York Federal Reserve report […]

Economy

Foreclosure Rates Are Surging: These 10 U.S. Cities Are Where They’re Up the Most

July 28, 2023 RickMad Comments Off on Foreclosure Rates Are Surging: These 10 U.S. Cities Are Where They’re Up the Most

Realtor.com: Foreclosures in America are on the rise for the second year in a row. This puts a firm bookend on an 11-year decline in the forced repossession or sale of a home when a […]

Economy

Here’s What The Fed’s Likely Going To Do The Rest Of The Year, According To Investors

July 28, 2023 RickMad Comments Off on Here’s What The Fed’s Likely Going To Do The Rest Of The Year, According To Investors

BusinessInsider.com: Odds are, the Federal Reserve won’t make any more interest rate changes the rest of the year.  At least according to investor bets across the market, as illustrated by CME’s FedWatch Tool. On Wednesday, policymakers […]

Investing

Down More Than 40%: Analysts Say Buy These 2 Beaten-Down Stocks Before They Rebound

July 28, 2023 RickMad Comments Off on Down More Than 40%: Analysts Say Buy These 2 Beaten-Down Stocks Before They Rebound

Finance.Yahoo.com: Reverse psychology can be considered a desired quality in the stock market. It is only natural to gravitate toward the leaders in any field, and an investor’s urge to hop on the latest surging […]

Stock Market

The Stock Market Has Soared This Year, But Will It Last? Experts Weigh In

July 26, 2023 RickMad Comments Off on The Stock Market Has Soared This Year, But Will It Last? Experts Weigh In

ABCNews.com: The Nasdaq has climbed roughly 36% this year, while the S&P 500 has jumped 18%. As long-standing recession alarms continue to blare from some forecasters, investors don’t appear to hear them. The S&P 500 — the […]

Economy

As Inflation Soars, The Federal Reserve Is Set To Announce Another Interest Rate Hike

July 25, 2023 RickMad Comments Off on As Inflation Soars, The Federal Reserve Is Set To Announce Another Interest Rate Hike

PBS.org: Conflicting signs about the health of the U.S. economy have thrust the Federal Reserve into a difficult spot. With inflation raging at a four-decade high, the job market strong and consumer spending still solid, the Fed is under pressure […]

Housing Market

Home Prices Continue To Climb With ‘Striking’ Regional Differences

July 25, 2023 RickMad Comments Off on Home Prices Continue To Climb With ‘Striking’ Regional Differences

CNBC.com: Home prices in May rose for the fourth straight month on the S&P CoreLogic Case-Shiller home price index, but regional differences are widening. The gains come despite a sharp jump in mortgage interest rates during […]