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Friday, February 15, 2008
In this edition of Getting Personal, Chris and Tess talk about changing insurance beneficiaries, not filing a tax return, deducting business expenses, life insurance and quitclaim deeds.
Getting Personal (Marketplace)
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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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