Economic Crisis

It is wrong to walk away from your mortgage?

03.18.2009 by Bob 55 comments

Are there circumstances that justify walking away from your mortgage? As mentioned in the Credit Crisis video we are now in the middle of a cycle where home prices are falling, banks have an abundance of foreclosed properties, and supply is high and demand is low. Some homeowners are facing situations where they owe the bank $300,000 for their house, but the house is now only worth $200,000. So they are packing up their things and giving it back to the bank to let them deal with it. Now the bank has to deal with the $100,000 gap.

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Credit Crisis explained | Video

03.04.2009 by Bob 4 comments

What is the credit crisis? … Why we are all affected by it. How it happened. How leverage works and why banks use it. What role greed has had in the crisis.

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God’s stimulus plan

03.02.2009 by Bob 8 comments

Want to prosper in this economy? Prosperity isn’t such a bad word; in fact, it’s especially needed in the Body of Christ these days! …Perhaps the reason the Lord has had so many preachers talking about the laws of prosperity over the past decade (and yes, some went to extremes) is because He knew that this day of recession, bailouts and failed banks would come. Perhaps the Lord has been trying to get His people to operate in His economy and by His “stimulus plan” rather than being dependent on the world’s system. He has certainly given us plenty of time to hear, believe and follow His system! Thankfully, many Christians have had ears to hear. Hopefully, you’ve had ears to hear and you’ve been enjoying the blessings of God’s economic laws for some time.

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Is the Fed running the U.S. economy into the ground?

02.07.2009 by Bob 10 comments

I found this short video from Glenn Beck using a graph that makes it easier to see how much money the Fed has been printing lately. Common sense says that inflation is inevitable when bills are being printed like they have been lately… … Carnival of Personal Finance , Carnival of Debt Reduction , Carnival of financial goals , Money Hacks , Funny Money .

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God’s economy

02.02.2009 by Bob 13 comments

God’s economy is strong… I wrote a couple days ago that we should be paying down our debts in response to the economy’s challenges. As far as our stewardship goes, I think this is a good practical step for us to take. But even great stewards still need to trust God to meet their needs.

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Why you need to pay down your debts ASAP

01.27.2009 by Bob 8 comments

Paying down debts helps us weather the storm… I have been seeing a lot of major companies going out of business lately and it concerns me. I don’t enjoy seeing businesses fail and especially when you think about all the families who are greatly impacted by it. I don’t have a solution to solving the economy’s problems, but I will say that one of the best things we can do to be better positioned to weather the storm is to minimize our debts.

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Is the Obama tax cut really going to help?

01.21.2009 by Bob 13 comments

I was recently reading this article about the Obama tax cut and it really got me wondering if it is going to help at all. Personally, I am a bit more on the side of letting the economy resolve it’s problems rather than having government intervene, but I do understand that we are currently at a critical point and Obama sees no other way to fix it than a tax cut.

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