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Friday, December 21, 2007
Our credit score is one of the most important numbers in our lives, and it's in store for a huge makeover. Tess Vigeland talks FICO in the new year with whiz Liz Pulliam Weston.
Giving yourself a credit check (iStockPhoto.com)
More on Spending
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I am not buying the whole "there might not even be a recession, and if there is one, it will be brief." If oil prices continue to rise, driving inflation, the Federal Reserve will eventually be forced to raise interest rates in the middle of a slowdown. We are already seeing signs of a Japan style "liquidity trap" which is preventing the free flow of money from the banks to Main Street. I think the government's efforts to bail out the housing market will be about as effective as the response to Hurricane Katrina...
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What is "sustainability?" It boils down to this: Don't eat your seed corn.
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