Best Moves in a Bad Economy Blog

Earlier this month, Federal Reserve Chairman Ben Bernanke said the recession should weaken by the end of 2009. The recession began in December 2007, making this the longest recession  since ... Read More

If you are considering bankruptcy, the American Bankrutpcy Institute can help you make that decision. Bankruptcy may help you if your total debt, (not including car or house loan) is ... Read More

Mortgage refinancing in 2009 will be almost 1 1/2 times greater than in 2008, showing the first increase in four years.  Refinance activity has driven a 62% increase in total ... Read More

Foreclosures were filed on 342,028 homes in April, the highest since RealtyTrac began keeping records in 2005. However, this figure was only 1% higher than March.  Filings jumped because Fannie ... Read More

A new bill will require credit card companies to provide additional benefits to their customers. Companies must post their agreements on the Internet and let customers pay their bills online ... Read More

On  March 5,  2009, the Dow reached this bear market's bottom, closing at 6,594.44. Since April, it has remained above 8,000. However, it is much too soon to say that ... Read More

In April, prices were down .7% from the prior year, according to the Consumer Price Index report. This was slightly more than the .4% drop in March, which was the ... Read More

Home sales for the first quarter were down 6.8% from a year ago.  Half of the sales were first-time buyers attracted to the low prices of these foreclosed properties. The ... Read More

In April, the economy lost 611,000 jobs, and unemployment rose to 8.9%, a rate not seen since 1983. Since the recession started in December 2007, the economy has ... Read More

In March, Americans slashed their credit card debt by 6.8%. This is the second largest drop since the Federal Reserve began keeping such records. An increase in unemployment means that ... Read More

The Federal government is planning to take over the student loan program from Sallie Mae, saving $94 billion over 10 years. This will make more loans available at a cheaper ... Read More

Over half of 518 companies surveyed done last month believe the recession will end by the end of this year or early next year at the latest. This doesn't stop ... Read More

Chrysler Financial will no longer offer auto loans starting today. These loans will be picked up by General Motors financing arm, GMAC. Some Chrysler dealers may not be able to ... Read More