Points of Interest © The Relative Size of the Problem April 29th, 2008 10:32 AM Looking at the US National Debt Clock today there is a calculation that states that each citizen's share of the US debt is $30,734.97 with the population just under 304 million people. Another calculation seen today says that the derivatives market alone represents $116,666.66 per each person on the planet.  The total value of the existing global gargantuan globular glut of derivatives is estimated to be more than $700 trillion!  Compare this stupefying fact to the associated fact that global GDP is only about a lousy $50 trillion!  That's some leverage.   Posted by Stephen A Myers on April 29th, 2008 10:32 AMPost a Comment (0) Subscribe to this blog * Name: * Email Address: URL: Comment: Type the characters you see in this picture, click "Submit" when finished.   This helps us prevent automated programs from posting comments and sending spam. * Name: * Email Address: Address: City: State: Zip:   This helps us prevent automated programs from creating bogus contacts and adding them to your contacts database.

Recent Posts: Senate plan for Consumer Financial Protection Agency at the Fed is a joke Mortgage Brokers are Least Expensive Method of Loan Origination Are You Able to Make Less if You Work Less Housing Starts and New Permits There Isn't a Single Mortgage Rate in Northern Virginia or Anywhere Else Archive: February 2007 Don't lose sight of the fundamentals Posted by Stephen A Myers on February 28th, 2007 6:23 PM February 2010 US Government's Credit Score May Drop Posted by Stephen A Myers on February 3rd, 2010 12:34 PM January 2010 Join MetFund on Facebook Posted by Stephen A Myers on January 28th, 2010 5:36 PM Time for a Timely Quote Posted by Stephen A Myers on January 27th, 2010 3:12 PM Lock Events for Refinances Are Cyclical Posted by Stephen A Myers on January 27th, 2010 10:01 AM Bernanke in the Hot Seat + Bond Yields Drop Posted by Stephen A Myers on January 22nd, 2010 4:56 PM If You Have a Low FICO Expect to Put Down More Cash Posted by Stephen A Myers on January 20th, 2010 3:51 PM The Most Important Story Tomorrow Posted by Stephen A Myers on January 11th, 2010 1:39 PM Consumer Credit Repudiation Posted by Stephen A Myers on January 8th, 2010 11:55 AM December 2009 The End of a Year We Won't Miss Posted by Stephen A Myers on December 31st, 2009 8:54 AM Too Big to Fail via Robin Williams Posted by Stephen A Myers on December 11th, 2009 9:09 AM New RESPA Rule Changes Slated for Begining of New Year Posted by Stephen A Myers on December 10th, 2009 3:18 PM An Offer No Serious Buyer Can Refuse Posted by Stephen A Myers on December 4th, 2009 1:55 PM Rates Are LOW! 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The Golden Rule Posted by Stephen A Myers on July 10th, 2009 10:04 AM Have You Had Your Yogi Today? Posted by Stephen A Myers on July 1st, 2009 7:21 AM June 2009 Market Update for end of June 2009 Posted by Stephen A Myers on June 28th, 2009 8:00 PM May 2009 Mortgage Market Update May 29, 2009 Posted by Stephen A Myers on May 29th, 2009 1:11 PM Inflation from the Central Banks, Snake Oil for the Masses Posted by Stephen A Myers on May 19th, 2009 6:08 PM Mortgage Brokers Bring Competition o the Market Posted by Stephen A Myers on May 14th, 2009 12:53 PM USAA Customers Must Be Aware of Pop-Up Scams Posted by Stephen A Myers on May 7th, 2009 4:10 PM April 2009 High Loan-To-Values to 105% Are Here Posted by Stephen A Myers on April 17th, 2009 5:14 PM How Long Will This Situation Last? Posted by Stephen A Myers on April 6th, 2009 11:08 AM March 2009 Everyone Wants to Know Where the Four and One Half Percent Rates Went Posted by Stephen A Myers on March 26th, 2009 10:56 AM How Wall Street Insiders are using the Bailout to Stage a Revolution Posted by Stephen A Myers on March 23rd, 2009 5:05 PM The World of Appraisals is Due to Change Posted by Stephen A Myers on March 16th, 2009 8:57 PM Happiness is Spending Less Than You Earn Posted by Stephen A Myers on March 13th, 2009 2:51 PM Items of Interest 20090306 Posted by Stephen A Myers on March 6th, 2009 9:21 AM Credit Mistake Provides Insight into Both Credit and Lending Industries Posted by Stephen A Myers on March 3rd, 2009 4:38 PM February 2009 The Banks Are Stepping Up Their Public Bailout Echo with Bernanke Testimony Posted by Stephen A Myers on February 25th, 2009 2:44 PM How Long can the Economy Weaken and Rates Edge up? Posted by Stephen A Myers on February 6th, 2009 10:31 AM January 2009 Market Update for the Weekend of January 24-25, 2009 Posted by Stephen A Myers on January 25th, 2009 7:53 AM Market Update for January 21, 2009 Posted by Stephen A Myers on January 21st, 2009 2:21 PM Market Update for January 9, 2009 Posted by Stephen A Myers on January 9th, 2009 9:40 AM December 2008 30 Fixed Rates Ready to Drop Under 5% Posted by Stephen A Myers on December 16th, 2008 9:11 PM No Bailout Today and the Fed continues to Buy MBS Posted by Stephen A Myers on December 12th, 2008 5:30 PM Loan Modifications May be Source of Future Fraud. Posted by Stephen A Myers on December 8th, 2008 9:35 PM Refi Activity Surges as Rates Drop Posted by Stephen A Myers on December 4th, 2008 11:18 AM November 2008 Mortgage Elimination Pros and Cons Posted by Stephen A Myers on November 30th, 2008 3:15 PM Citigroup gets bailed out with loan from private Fed Posted by Stephen A Myers on November 24th, 2008 10:53 AM FHA sets New Permanent Loan Limit; Congress angry at Paulson et al Posted by Stephen A Myers on November 19th, 2008 6:46 AM Taxpayer Money Not Buying Troubled Assets Posted by Stephen A Myers on November 12th, 2008 3:58 PM Mortgage Market Update for November 3, 2008 Posted by Stephen A Myers on November 3rd, 2008 4:49 PM October 2008 Federal Reserve LOWERS INTEREST RATES BY HALF-POINT TO 1% Posted by Stephen A Myers on October 29th, 2008 2:35 PM Historical Perspective regarding current crisis Posted by Stephen A Myers on October 28th, 2008 11:46 AM "a flaw in the model ... that defines how the world works." Posted by Stephen A Myers on October 24th, 2008 5:16 PM The Things that are Going Right Posted by Stephen A Myers on October 20th, 2008 8:28 AM Mortgage Market Update for October 16, 2008 Posted by Stephen A Myers on October 16th, 2008 7:26 AM US Treasury to Invest Directly in Banks Posted by Stephen A Myers on October 13th, 2008 9:02 PM Fed Slashes Key Interest Rate Posted by Stephen A Myers on October 8th, 2008 8:16 AM Bank of America settlement could provide $22k to each Mortgage Holder Posted by Stephen A Myers on October 6th, 2008 10:37 AM House of Representatives Passes Historic "BailOut" Bill Posted by Stephen A Myers on October 3rd, 2008 2:02 PM September 2008 Bonds Yields Drop! Rates should be Lower Tomorrow Posted by Stephen A Myers on September 29th, 2008 4:57 PM What a week! Posted by Stephen A Myers on September 19th, 2008 2:56 PM September 11, 2001 - We remember Posted by Stephen A Myers on September 11th, 2008 7:24 AM Fannie and Freddie are taken under Posted by Stephen A Myers on September 8th, 2008 6:43 PM Is It just an Announcement Away? Posted by Stephen A Myers on September 5th, 2008 10:46 PM US House Price Decline Could Be Worse than Great Depression Posted by Stephen A Myers on September 5th, 2008 7:59 AM Another Bank Fails; Market rates improve again Posted by Stephen A Myers on September 2nd, 2008 3:00 PM August 2008 Is another day like January 23 coming soon? Posted by Stephen A Myers on August 19th, 2008 10:13 AM There's No Guarantee But Some Impressive Results Posted by Stephen A Myers on August 15th, 2008 2:20 PM The Sun Will Come Out Again... Posted by Stephen A Myers on August 5th, 2008 1:13 PM July 2008 Housing Bill is Signed into Action Posted by Stephen A Myers on July 31st, 2008 12:25 PM Another Housing Bill Fact Posted by Stephen A Myers on July 29th, 2008 9:56 AM New Housing Bill has Something for Everyone Posted by Stephen A Myers on July 25th, 2008 1:30 PM Money is still available, Loans are being made. Posted by Stephen A Myers on July 24th, 2008 2:31 PM Fannie and Freddie spends millions to influence lawmakers Posted by Stephen A Myers on July 18th, 2008 8:07 AM Bernanke unexpectedly comes up against the gentleman from Kentucky Posted by Stephen A Myers on July 16th, 2008 7:48 AM "Just when we thought it was over, it was really only beginning." Posted by Stephen A Myers on July 15th, 2008 7:40 AM With our backs to the wall... Posted by Stephen A Myers on July 14th, 2008 4:19 PM Credit Mistake #5: Applying for Too Many New Credit Accounts Posted by Stephen A Myers on July 14th, 2008 4:08 PM Credit Mistake #4 High Utilization of your Max Revolving Credit Posted by Stephen A Myers on July 12th, 2008 7:44 AM Credit Mistake # 3 Settling an Account for less than you owe Posted by Stephen A Myers on July 11th, 2008 12:21 PM Credit Mistake #2 Missing Payments Posted by Stephen A Myers on July 10th, 2008 8:28 AM 5 Big Credit Mistakes: Credit Mistake #1 Posted by Stephen A Myers on July 9th, 2008 2:38 PM June 2008 Is renting a better idea than owning? Posted by Stephen A Myers on June 27th, 2008 9:03 PM Changes for FHA insurance premiums; Your credit is always important Posted by Stephen A Myers on June 20th, 2008 12:19 PM April 2008 The Relative Size of the Problem Posted by Stephen A Myers on April 29th, 2008 10:32 AM March 2008 So who are the interest cuts helping? Posted by Stephen A Myers on March 19th, 2008 9:54 AM What's the real inflation story? Posted by Stephen A Myers on March 14th, 2008 8:52 AM February 2008 With all this Bad News Why are Mortgage Rates Higher? Posted by Stephen A Myers on February 26th, 2008 2:15 PM Credit Market Snafus Extend Beyond Mortgages Posted by Stephen A Myers on February 22nd, 2008 11:32 AM Momentary Drop in Rates Create Rush to Refi Posted by Stephen A Myers on February 14th, 2008 7:39 PM January 2008 Fed snaps the market with 75 basis point cut Posted by Stephen A Myers on January 22nd, 2008 11:56 AM Your Credit Record is Precious Posted by Stephen A Myers on January 16th, 2008 7:14 AM Dramatic Fed cut would cause mortgage rates to rise Posted by Stephen A Myers on January 12th, 2008 10:28 PM Buy when Blood is in the Street Posted by Stephen A Myers on January 11th, 2008 5:54 PM Inflation + Recession = Stagflation Posted by Stephen A Myers on January 3rd, 2008 3:21 PM December 2007 Debate about the economy rages on Posted by Stephen A Myers on December 18th, 2007 10:09 AM Even If You Don't Have an ARM - Listen Up! Posted by Stephen A Myers on December 3rd, 2007 10:08 AM November 2007 Smart buyers are taking advantage of the gifts provided by the market. Posted by Stephen A Myers on November 14th, 2007 12:28 PM October 2007 Mixed Emotions about what the Fed will do Posted by Stephen A Myers on October 30th, 2007 9:10 AM DOW Industrials hit new highs; Earning's season starts; brokers have higher earnings with smaller write-downs Posted by Stephen A Myers on October 9th, 2007 7:37 AM September 2007 REFINANCING: the trouble may be your Appraisal Posted by Stephen A Myers on September 25th, 2007 2:39 PM Will the Fed's Rate Cut Help You, the Homeowner? Posted by Stephen A Myers on September 19th, 2007 3:14 PM Creative Financing and the Perils of Fraud Posted by Stephen A Myers on September 18th, 2007 10:44 AM Review of market cartwheels... Posted by Stephen A Myers on September 13th, 2007 6:02 PM Living in the 21st Century... and laughing a little Posted by Stephen A Myers on September 12th, 2007 4:23 PM College Financing Follow-Up Posted by Stephen A Myers on September 10th, 2007 3:47 PM My Child is Going to College; What's the Best Way to Pay for It? Posted by Stephen A Myers on September 7th, 2007 5:18 PM Using a Conforming Loan to Buy Jumbo Posted by Stephen A Myers on September 5th, 2007 1:19 PM August 2007 Buy Your New Home with No Penalty Retirement Funds Posted by Stephen A Myers on August 24th, 2007 6:29 PM A Couple of mid-week Updates for the Virginia, Maryland and Florida mortgage markets Posted by Stephen A Myers on August 22nd, 2007 2:49 PM Flight to Quality generates lower yields on Treasuries Posted by Stephen A Myers on August 16th, 2007 9:43 AM Musical chairs played with houses and mortgages Posted by Stephen A Myers on August 12th, 2007 3:48 PM Lender fails to meet its commitments. Everyone scrambles! Posted by Stephen A Myers on August 3rd, 2007 12:04 PM July 2007 Credit Card practices come under congressional scrutiny Posted by Stephen A Myers on July 31st, 2007 8:18 AM I couldn't resist this... Posted by Stephen A Myers on July 27th, 2007 9:26 AM “Riddle me this, Batman” Posted by Stephen A Myers on July 16th, 2007 9:17 AM Busting the Mortgage Myths! Posted by Stephen A Myers on July 3rd, 2007 10:35 AM June 2007 Fannie Mae's MyCommunityMortgage tightens the guidelines Posted by Stephen A Myers on June 22nd, 2007 10:22 AM An Interview with Tony Bolding from Washington Mutual Posted by Stephen A Myers on June 18th, 2007 9:53 AM Tips on how to get the most from your loan counseler Posted by Stephen A Myers on June 14th, 2007 12:31 PM Government Report Questions Title Industry Practices Posted by Stephen A Myers on June 11th, 2007 2:18 PM Make sure your loan counselor is capable of closing your loan Posted by Stephen A Myers on June 7th, 2007 12:28 PM Personal saving rates and a thought on refinancing Posted by Stephen A Myers on June 1st, 2007 9:55 AM May 2007 Where's our leadership? GDP revision is even lower than expected Posted by Stephen A Myers on May 31st, 2007 1:11 PM U.S. home prices fall for the first time since 1991 Posted by Stephen A Myers on May 29th, 2007 1:24 PM Is this an "engineered" economy Posted by Stephen A Myers on May 21st, 2007 10:22 AM Save the Earth (Plus a Few Bucks) Posted by Stephen A Myers on May 18th, 2007 4:23 PM Is our Honey Bee in mortal danger? Posted by Stephen A Myers on May 7th, 2007 11:23 AM Where do morgage rates come from? Posted by Stephen A Myers on May 1st, 2007 2:23 PM April 2007 The pundits hail a low core inflation; but food and energy are through the roof! Posted by Stephen A Myers on April 18th, 2007 6:00 AM A senseless tragedy at our Virginia Tech Posted by Stephen A Myers on April 17th, 2007 7:42 AM March 2007 The Fed keeps rates high and unchanged. Why is liquidity growing? Posted by Stephen A Myers on March 26th, 2007 10:18 PM Headlines scream! Existing home sales up! But is that the whole story? Posted by Stephen A Myers on March 23rd, 2007 11:59 AM competing Dual offers are back! Posted by Stephen A Myers on March 19th, 2007 2:50 PM Financing an Addition and/or Renovation Posted by Stephen A Myers on March 16th, 2007 10:10 AM "Credit cards' worst tricks" posted on Yahoo! Posted by Stephen A Myers on March 14th, 2007 12:58 PM And they talk about the mortgage industry… Posted by Stephen A Myers on March 7th, 2007 2:13 PM and another one bites the dust... Posted by Stephen A Myers on March 6th, 2007 2:44 PM February 2010 (1) January 2010 (7) December 2009 (5) November 2009 (5) October 2009 (5) September 2009 (7) August 2009 (6) July 2009 (3) June 2009 (1) May 2009 (4) April 2009 (2) March 2009 (6) February 2009 (2) January 2009 (3) December 2008 (4) November 2008 (5) October 2008 (9) September 2008 (7) August 2008 (3) July 2008 (13) June 2008 (2) April 2008 (1) March 2008 (2) February 2008 (3) January 2008 (5) December 2007 (2) November 2007 (1) October 2007 (2) September 2007 (8) August 2007 (5) July 2007 (4) June 2007 (6) May 2007 (6) April 2007 (2) March 2007 (7) February 2007 (1) My Favorite Blogs: Metro Property Preservation Metro SOS Inc Northern Virginia Home Finder Sites That Link to This Blog: Greetings from Fairfax County Greetings from Arlington, VA Huntsville Alabama Real Estate / Philip Winburn / Rosenblum Realty Inc. 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