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Newsweek: Spending Spree Over April 21, 2008

Posted by pf in Expenses and Savings.
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I came across the following article from Newsweek

Essentially, the writer outlines how the spread of credit created a boom in spending that had both positive (increased accessibility to funds for housing, etc) and negative (overspending) effects.  Due to the current crisis and the generally indebtedness of our population, the author wonders if the era of free spending which generated significant growth not only in our own economy but for others around the world is over and what it may mean.

In my view – GOOD.  I have waxed on about similar topics in the past where I have expressed concern about our country ranging from the dire state of personal finances (too much debt, too little savings) to broader topics such as the crisis we are facing with Social Security and Healthcare.

I remain deeply distressed and concerned about the path we are on and the recent bailout proposals for both businesses and consumers who have made foolish mistakes and may be saved via a taxpayer rescue only strengthen this view.  WAKE UP.

Comments»

1. Success is - November 4, 2010

My sentiments exactly. I know that this is an old post, but it still has relevance. What concerns me in the present though, is the number of people cannot repay their debts, and for that matter, how many people refuse to pay debts although they have the means… What would be the intermediate and final outcome of the fiscally irresponsible deciding not to repay debt?

2. the pilatesbiz - February 8, 2012

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3. marcus anthony bynum - April 8, 2012

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marcus anthony bynum - April 8, 2012

so i will cast you out , and your mother who bore you, into another country where you were not born and there you shall die …….. but to the land to which they desire to return, there they shall not return…….. back to the products akg,s ivm 4500 iem in ear monitoring hardware raises the bar for audio quality tour sound akg high – resolution image ……..

marcus anthony bynum - April 29, 2012

if my final paycheck is insufficient to pay off the entire balance of such advance..

4. marcus anthony bynum - February 13, 2014

vote boycott means forfeit by bangladesh opposition.. by syed zain al- mahmood.. dhaka, bangladesh- ruling on political party and its backers have secured more than half of the seats in the countrys parliament- even though polls arent until janurary ……by the wall street journal…

5. marcus anthony bynum - February 13, 2014

al qaeda offers alliance to secular syeian rebels.. by maria abi-habib … beirut- the leader of al qaeda syria branch said in his first televised interview that he does not want to monopolize power and floated the idea of an alliancewith secular rebels………by the wall street journal…

6. marcus anthony bynum - March 14, 2015

revenue – browse financial obligation revenue permit account 102283700, and 102429896 business owner marcus Anthony Bynum revenue period from 2 quarter of 2014 gross sales 250.00 , purchase price 5.00 , tax measure 280.00 … the document name :untitled… from permit account 102429896… amount paid 25.00 for the 2 quarter of 2014… 3 rd quarter of 2014 gross sales 65.00 amount paid 34.00 $usd… revenue browse financial obligation …permit account 102283700 marcus Anthony Bynum 4th quarter 2013 gross sales 141.00 , and purchase price 54.00 tax measure… 195.00 and the amount paid 18.86$ usd 3rd quarter of 2013 revenue gross sales 65.00 tax measure 65.00 amount paid 6.63…. lets look at the permit account 102283700 , marcus Anthony Bynum business owner 3rd quarter of 2014 revenue gross sales 500.00 rptd total tax 45.00 … also 2 quarter of 2014 250.00 , tax measure 280.00 rptd total tax 26.00 $usd… might have another subject to discuss permit revenue…..

7. marcus anthony bynum - April 21, 2015

a bungling fox in the henhouse : the corporatization of higher education… posted by : timothy mcgettigan corporations will make your life better . corporations will solve your problems , repeat those phrases often enough , and eventually you might believe them. apparently, this is what happened to a surplus of gullible people over the past twenty years, lots of otherwise well – meaning folks became hypnotized by free market mania: the idea that deregulated corporate greed would somehow produce beneficial social outcomes…..

8. marcus anthony bynum - September 12, 2015

permits allow regional desal plant,, by Mitchell white.. permits eased for rooftop solar by Catherine shen… hi desert publishing legals public auction time opf sale in lawful money…

9. marcus anthony bynum - October 16, 2015

posted transactions 10/15/15 purchase authorized los angeles ca. $1.83 deposits in branch store not culver city, deposit in branch store $7.00 vine st Hollywood ca., deposit in branch store 10/02/15 $7.97 , deposit in branch store $40.00 10/01/15… deposit in branch store 9/26 $15.00 vine st Hollywood deposit in branch store vine st Hollywood ca $15.00. deposit in branch store $20.00 there are more deposits from wells fargo ….

10. marcus anthony bynum - October 26, 2015

Bynum oil lease 42-133-31072 issue date 1985-05-10… Bynum oil lease # 013842… There is another oil lease 42-133-31071 issue date 1985-05-10…. I guess that my father family rents oil and gets a lease , but I want to know where do you rent to own ……

11. marcus anthony bynum - October 30, 2015

I went to a couple of pay day loans and came across some loan to pay a loan in some sort of liquidation… now there are multiple loans to pay and in the end after every month the question is how much is left to stay up and financed? the answer is ml 21562101c, jl08565938 a, If 40622612 d, jf 69402916 c, je 14967793 d, jb 86080494 e, mg 32414563 a, ml 18490693 c, mf 10335556 a, jj 44564101 a, mf 53190332 b, jj 42762279 a, mb 54252805 b, mf 79151675 a, jg 27967512 b, mb 19847582 a, mb 20301305 a, jl 16697484 b, jg 48234288 b, mc 62561332 a, jl 91588277 b…..

12. marcus anthony bynum - November 6, 2015

I looked at two different coffee companies and I see that the coffee is very different from each other for example brewing coffee at groundwork coffee comes with instructions. Brewing coffee with de lish comes with sponsored results like having 1.wealth building course, 2. high yield investment, 3. finance investments, 4. mutual funds, 5. finance investments etc… de lish coffee have more financial results while groundwork have the brewing instructions to start with fresh roasted whole bean coffee..

13. marcus anthony bynum - May 23, 2016

I went to Ardmore Oklahoma and saw some articles that might give you a thought…It comes from dear abby .. What she’s doing is rude . The cause may be nervousness .. Thoughtlessness , or that She’s a compulsive talker. If she cares about you , she will want to know if she’s doing something that makes you a back away….I also went to another state which is California and looked at a few aticles, for example the rich approach from Jack Welch’s sagacity proved electric for GE.. Authenticity -brains , passion and people who have the generosity gene, he said.. I want people who have a passion for promoting people , who love to give raises..

14. marcus anthony bynum - May 23, 2016

I also saw other good articles from a printout and seeing an engineer making $80,000 cashing in bonus options for 400,000 . It was a turn -on . We already had our pile and we felt if people went the extra mile they should get theirs…

15. marcus anthony bynum - May 23, 2016

There’s are good sources that a person can get while traveling .. Own every effort . Your name means your best . Doesn’t matter what it’s on .

16. marcus anthony bynum - May 23, 2016

Diesels efficient engine supercharged industry with his own ammonia engine, the fuel was too unstable in test conditions , so he gave up on the idea..Over the years , Diesel rethought , revised and reworked his plans and working models. And he continued refrigeration work ….through numerous failures to practicle success . For that reason every inventor must be an optimist…

17. marcus anthony bynum - May 23, 2016

91833450, 056888691, 43903218, 24923232, b3 5151104, aa730173, xn5066302, 168747… Just foreign currency numbers that might have some sense of thinking about the whole thing of my personal finance odyssey, and marcus anthony Bynum foreign currency.

18. marcus anthony bynum - May 23, 2016

The University of Oklahoma taught courses in film history media ethics , law, humanities English composition at the University of Alaska Fairbanks.. East central University ,and University of Oklahoma on television for the heart of Alaska will be recovering A Journal by May Sarton… Chickasaw region… Ardmore is one of the most oil rich regions in the united states….

19. marcus anthony bynum - May 24, 2016

There is a another article I looked at it was the retirement plan in good shape for early kick -off? by paul katzeff talk about boom and bust : pittsburgh – registered investment advisor Chris Mcmahon tells of two friends with sweet jobs as managers of water pipeleine construction for energy drilling projects in the Marcellus Shale. Then the sword of Damocles fell upon his friends , one 35 years old and the other 46…They laid off 50 people….To the month of April in 2016…

20. marcus anthony bynum - May 24, 2016

Musilim link newspaper have project management professional training programs with Companies, organizations, around the world it is established by the project management institute…register online at http://www.adamscenter.org...

21. marcus anthony bynum - May 24, 2016

By muslim link paper This is a big multiplier . Allah says in surah Al – baqarah: 261 that your reward for charity could be multiplied by 700 fold.

22. marcus anthony bynum - May 24, 2016

The muslim group multiplied charity by 700, and now in Israel there are rough neighborhoods helping security firms … Mosheaviv tower in Ramatgan, israel..Checkpoint is based in tel aviv and fellow security firm cyberark in nearby Petah tikva…

23. marcus anthony bynum - May 27, 2016

2 br, 1 bath , furnished, 1 square foot… I looked at the weekendpass Elaborate dollhouse of bygone centuries were prized real estate.. Custom built in dorset , England , in 1760 , this dollhouse (baby house is a synonym) stayed in the same family for five generations, passed down from mother to eldest daughter for 170 years… It accured layers of history , like normal homes do , sage says .. The dinning room is original , the upstairs is from the 1830;s and the doll house is filled with tables and chairs made by a professional furniture maker and silverware cast by silversmiths…

24. marcus anthony bynum - May 27, 2016

Somewhere else there is a mutual interest when visiting the sea turtles at a zoo in london Together they form a plan to smuggle she turtles and release them into the sea…

25. marcus anthony bynum - May 27, 2016

There was a meltdown on wall st bankers… the former Housing and urban development department Secretary Andrew Cuomo , who forced both Fannie and Freddie Mac to meet dangerously high subprime mortgage quotas?

26. marcus anthony bynum - May 27, 2016

Letters your opinion is important and welcomed and must be signed . It must contain your address and phone number to be reached during the day The phone and address will not be published…

27. marcus anthony bynum - May 27, 2016

Now back to the wall st bankers bailouts only but a few wall st bankers get there deserts..were uninformed … that locking them up done nothing to solve the financial crisis …..

28. marcus anthony bynum - May 27, 2016

Going back to the rich approach printouts and seeing an engineer making $80,000 cashing in bonus options for $400,000 It was a turn on …We already had our pile and we felt if people went the extra mile they should get theirs…

29. marcus anthony bynum - May 27, 2016

African Muslims are usually sterotyped , and African Islam and scholars are not well known, he said… by Hena Zuberi.. You schould try the national council of nigeria Muslim organization was inaugurated in washington d.c in 1976….So now i figure that since the nigerian council was inaugurated in d.c in 1976 by now they should be able to help people get back to the financial industry and help out …..Now don;t forget big time celebrity’s spent there fair cash already such as Jackson 5

30. marcus anthony bynum - September 19, 2016

I looked at the big bang in the mid 1970,s David Mayhew was tramping the streets of london and looked at the market crashed .. The Bank of england is being supported by a bluechip company they say that the crash is from the prime minister Margaret Thatcher..about the U.K financial business…..look at the financial times…. paper

31. marcus anthony bynum - September 19, 2016

I looked at the investor business daily paper and looked at the 2-yr Treasury note Federal reserve and labor department a key financial and commodities futures trade … this publication have years of articles on future, business in New York trading foreign money …

32. marcus anthony bynum - October 14, 2016

Security software spending after Target, Home Depot spiked: new gains.The number of reported breaches actually fell March through July compared with the previous five months, yet breaches are up 16% in 2016 through july vs. the year -earlier period. Since then , the group has risen more than 40% and has climbed to No.34 out of 197 groups tracked from No.191 just 13 weeks ago .The group , though , is down 6% this year….Now there are different connections for the security… To suggest that this weekend’s heads of government summit of the group of 20 leading nations will not come up to expectations, if anything , giving it too much credit . Despite a great deal of rhetoric over the years , the G20 has proved too unwiedly ,and ats its agenda overloaded with too many items…Still the meeting brings focus on global economy, where China ,the summit host , has been performing better tan feared but not well enough to pull along the rest of the world…As among the rich economies , will rely -on those countries with fiscal and current account space using it to provide stimulus….Financials are acting well in anticipation of future rate hikes by the fomc….Wall street will be watching earnings from Alcoa , and railroad operator CSX in the coming week while also keeping an eye on some reports in the financial sector..A flurry of reports will be out later in the week from First Republic , PNC Financial bank, Citigroup and JP Morgan…After four quarters of earnings and sales declines , Quarterly profits is seen rising 71% to 12 cents a share , with shares sales went to 9% to $7.91 billion…Oil takes , can’t hold 50$. U.S crude on thursday closed over $50 per barrel for the first time since early June. Oil futures fell on Friday to $49.81 , still up 3.3% for the week.. OPEC agreed on a modest production cut to start in November…May taught a hard lesson by the financial markets … In the confines of the Conservative party conference , Theresa May’s call to change the direction of our nation was greeted with rapturous applause. In the outside world , the vision of post Brexit Britain that the prime minister went on to describe may have been a pleased target audience… This was not primarily about the substance of her proposals…Mrs. May has long made it clear she is going to make companies publish a tally of foreign employees in order to flush out any failing to recruit locally ….The last couple of weeks havn;t been the ideal environment for a swing – trading style. When the market is uncooperative and going sideways which brings up the engagement with the market Nothing keeps you engage as when you have actual dollars on the line….

33. marcus anthony bynum - October 19, 2016

Georgetown :anc says building may be too large .. by brady holt current staff reporter .The possibility of a large boathouse just upriver of the georgetown waterfront park has generated some concerns in the community about the impact on views though general support continues for boating facilities…You can also get the source from the foggy bottom current…Now lets get back to the finances How modern – day London was shaped by the great fire 350 years ago and the rebuilding that came after : by Edwin heathcote In a move typical of the era,s spirit of scientific inquiry , Robert Hooke, who was Sir christopher Wrens co-designer and a scientist , crafted the column as a telescope aimed at the sky with lenses at the top and the bottom . Each of its 311 steps was exactly 6in tall , allowing measurements of changes in atmospheric presure to be taken throughout its height….

34. marcus anthony bynum - October 19, 2016

The sensational reality of life as a kardashian by. Philip delves Broughton.. As heists go , the one in paris last week was stright forward enough . A gang dressed up as policemen barge into a poorly guarded luxury aprtment in the dead of the night .. They hold a gun to the head of an sensational woman alone in her bedroom ..This a woman who earned 51 millionlast year according to forbes magazine.. Chief executive of JP Morgan chase receives most of compensation from his company’s performance, Kim kardashian west presumably get paid cash….

35. marcus anthony bynum - October 21, 2016

There are still some energy to save , and money too..Let GE show you what light can do.. From light that lets you see every detail to light that helps you connect with family and friends , from vibrant to gentle – GE’s new home lighting solutions make it easy to find the right for your home…The GE product is with part 18 fcc rules …But may cause interference to radios , television , wireless telephones, and remote controls…Now what caught me was look at the Lighting facts per bulb the brightness 1600 lumens the estimated yearly energy cost $2.77 based on 3 hrs/day 11cents wh cost depends on rates and use… Life based on 3hrs / day 9.1 years …Light Appearance warm 2700k Energy used 23 watts…..Not intended for Enclosed fixtures…..Subtle reassuring light, Comfortable inviting light, fresh energizing light, strong vibrant light …. There opinion is that 280 to 520 lumens is cozy relaxing light …for 40 watts 1.4 year life even for type Candelabra bulbs #1090836….


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