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Latest blog posts from Curious Cat Investing and Economics Blog

Paying Back Direct Cash from Taxpayers Does not Excuse Bank Misdeeds
Many people are ignoring huge costs (to the economy) and benefits (to those financial companies that ruined so many people’s lives and severely damaged the economy. Paying back money the government paid you is not that same as being innocent. While several of the too big to fail banks have...
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Published a day ago

Curious Cat Investing and Economics Carnival #7
Welcome to the Curious Cat Investing and Economics Carnival: we highlight interesting recent personal finance, investing and economics blog posts. The 4% rule and other fallacies of retirement planning �" “I might try a 5% withdrawal rate, which according to the Trinity study, would give me...
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Published 3 days ago

Government Debt as Percentage of GDP 1990-2008 �" USA, Japan, Germany…
Recently Greece and the huge USA federal deficits have highlighted the problem of excessive government debt. The above chart shows gross government debt by country from the IMF. Korea has essentially no gross government debt (under 2% of GDP for the entire period). At the other end of the...
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Published 4 days ago

In the USA 43% Have Less Than $10,000 in Retirement Savings
There are several personal finance basics that everyone must account for. Retirement requires the most planning and accumulating the largest amount of money. Luckily if you plan ahead you have a long time for compounding to work in your favor. Unfortunately most people continue to fail to make...
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Published a week ago

“What the Financial Sector Did to Us”
Nobel Prize winning economist Joseph Stiglitz explores the current financial system and the damage done to the economy due to that system. As he states in the video the credit crisis is not something that happened to the financial institutions. The credit crisis caused recession is something...
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Published a week ago

Where to Invest for Yield Today
Yields are staying amazingly low today. Due to the credit crisis the federal reserve is shifting hundreds of billions of dollars from savers to bankers to allow banks to make up for losses they experienced (both in losses on bad loans and huge cash payments made to hundreds of executives over...
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Published 2 weeks ago

USA Unemployment Rate Remains at 9.7%
The slow recovery from the massive credit crisis caused recession remains underway. Nonfarm payroll employment declined 36,000 in February, and the unemployment rate held at 9.7%, the U.S. Bureau of Labor Statistics reported today. Employment fell in construction and information, while temporary...
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Published 2 weeks ago

Buffett Calls on Bank CEOs and Boards to be Held Responsible
In his most recent letter to shareholders Warren Buffett suggests that bank CEOs and board members be held accountable when the risks they take (and reward themselves obscenely for when they payoff) backfire: In my view a board of directors of a huge financial institution is derelict if it does...
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Published 3 weeks ago

Credit Card Issuers Still Seeking to Take Your Money
The government has stopped some of the worst abuses by credit card issuers however, those financial institutions are not without ways of continuing to take advantage of customers, Credit-Card Fees: the New Traps Customers can only exceed their credit limit if they agree ahead of time to pay a...
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Published 3 weeks ago

Manufacturing Driving USA Recovery
Durables Orders, Home Sales Probably Rose: U.S. Economy Preview “Manufacturing is coming back pretty solidly and there is some strength in capital spending,” said Mark Vitner, a senior economist at Wells Fargo Securities LLC in Charlotte, North Carolina. “Housing is definitely a laggard....
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Published 3 weeks ago