Wednesday, November 30, 2011

Credit Talk USA Live - Stocks close highest since 5-2009


Here is my question the media is screaming how bad everything is but black Friday was a record high with spending and now today. What is really going on we a discuss this and more tomm at 1pm on Credit talk USA worldwide LIVE.  www.credittalkusa.com   
Around the world raced to scoop up stocks on Wednesday, after the Federal Reserve said it will work with other central banks to support the global economy.
All three major stock indexes closed the day up more than 4%. The Dow's 489-point gain is the largest of 2011 and the best percentage gain since March 2009. Still, despite today's run-up, the Nasdaq and S&P 500 are down for the year.
The central banks' coordinated market intervention gave investors hope that world leaders could take necessary steps to avoid a credit crunch or market paralysis stemming from Europe's sovereign debt crisis.

http://money.cnn.com/2011/11/30/markets/markets_newyork/index.htm?hpt=hp_t1

Credit Talk USA Live - IRS holding Millions in dollors in refunds!!!!



There are millions of people that will need their money but they maybe out of luck as they seem to have wrong addresses on file.  The Internal Revenue Service is holding onto tens of millions of dollars in tax refunds that it hasn't been able to deliver to consumers.
A total of 99,123 taxpayers are still owed refunds this year but haven't received them due to mailing address errors, the IRS said. That amounts to a total of $153.3 million in unclaimed refunds.

If you you think you're owed money contact them at 1-800-829-1040 (individuals) or 1-800-829-4933 (businesses). ...
http://money.cnn.com/2011/11/30/pf/taxes/undeliverable_tax_refunds/index.htm?iid=HP_LN

Credit Talk USA Live - Occupy protestors getting arrested. now in LA over 200


http://www.reuters.com/article/2011/11/30/us-usa-protests-idUSTRE7AT0FO20111130

I am very disappointed in the mayor of LA.  Police in riot gear and biohazard suits removed anti-Wall Street activists from an encampment outside the Los Angeles City Hall on Wednesday, arresting an estimated 200 people.
 The Los Angeles encampment, which officials had tolerated for weeks even as other cities moved in to clear out similar compounds, was among the largest on the West Coast aligned with a 2-month-old Occupy Wall Street movement against economic inequality and alleged excesses of the U.S. financial system.
Mayor Antonio Villaraigosa had originally welcomed the protesters, even supplying them with ponchos for inclement weather. But as city officials complained of crime, sanitation problems and property damage they blamed on the camp, the mayor decided the group had to go.

Credit Talk USA Live - 15 banks now downgraded and ond bank up!

These people play god and you pay the price..Standard and Poor's downgraded the credit ratings of 15 banks Tuesday, after applying new criteria to the world's 37 largest banks.
Among those to suffer a ratings cut: Bank of America, Citigroup, Goldman Sachs (GS, Fortune 500), Morgan Stanley (MS, Fortune 500), Wells Fargo and JPMorgan Chase (JPM, Fortune 500).
Ratings of Bank of America (BAC, Fortune 500), Citigroup, Goldman Sachs and Morgan Stanley dropped one notch to A- from A. S&P maintained a "negative" outlook on those companies. JPMorgan Chase's rating was revised a step lower to A from A+, but the bank still boasts a "stable" outlook.

http://money.cnn.com/2011/11/29/news/companies/bank_ratings_downgrades_sandp/index.htm?iid=HP_River

Monday, November 28, 2011

Credit Talk USA Live - Consumers getting rid of debt



Consumer borrowing fell slightly in the third quarter as Americans continued to shed their debt burdens in the face of a struggling economy.
Household debt totaled $11.66 trillion in the three months ending in September, down $60 billion from the previous quarter, according to a report released Monday by the Federal Reserve Bank of New York.

overall debt is declining, the number of people who are failing to keep up with their payments rose in the third quarter. The delinquency rate stood at 10% in the end of September, up from 9.8% in June. About $1.2 trillion of consumer debt is currently delinquent, according to the report.
Credit cards: Credit card debt fell slightly to $693 billion, a marginal change from last quarter. And the number of open credit accounts fell by 6 million, 23% down from its peak in 2008.

http://money.cnn.com/2011/11/28/news/economy/Fed_credit/index.htm?iid=HP_LN

Credit Talk USA Live - DOJ looking at banks about debit card fees

 
The recent attempt by some of the nation's largest banks to impose new fees on debit card use has caught the attention of the Justice Department. The department, in a letter to Rep. Peter Welch, a Vermont Democrat, says the efforts by banks to impose the fees is under review for possible antitrust violations.
Please be assured that if it finds that individuals, banks, or other parties may have violated the antitrust laws, the Department will take appropriate action," Assistant Attorney General Ronald Weich wrote in the letter released by Welch's office Tuesday.
According to the letter, Welch contacted Attorney General Eric Holder in October, expressing concern that several banking trade associations and banks -- including Wells Fargo (WFC, Fortune 500) and Bank of America (BAC, Fortune 500) -- might be violating antitrust laws in response to new regulatory legislation.

Sunday, November 27, 2011

Credit Talk USA Live - Black Friday weekend: Record $52.4 billion spent by consumers

Earlier than ever store openings and steep discounts helped retailers notch record sales this Black Friday weekend, according to early reports.
Total spending over the four-day weekend following Thanksgiving reached a record $52.4 billion, up 16% from $45 billion last year, according to a survey by the National Retail Federation released Sunday.
A record 226 million consumers shopped in stores and online between Thursday and Sunday, up from 212 million last year. Individual shoppers spent more too, the NRF said. The average holiday shopper shelled out $398.62, up from $365.34 in 2010. 

http://www.ibtimes.com/articles/256483/20111126/black-friday-sales-2011-ads-deals-walmart.htm

Credit Talk USA Live - The New Penny

When the United States Mint was created in 1792, one of the first coins it made the following year was the one-cent coin, and it looked very different from the modern version. The image on the first cent was of a lady with flowing hair, who symbolized liberty. The coin was larger and made of pure copper, while today's smaller cent is made of copper and zinc.
In 1857, Congress authorized the United States Mint to strike the cent with 88 percent copper and 12 percent nickel. The "shape and size" would be determined by the United States Mint Director, with the approval of the Treasury Secretary. The new cents showed a flying eagle on the front and a wreath on the back. The act of February 21, 1857, also mandated that people could no longer use coins from other countries, a practice that had been necessary because of a lack of domestic coinage.

Credit Talk USA Live - Black Friday hits record..




Preliminary reports for Black Friday indicate that retailers may have seen their strongest sales ever during the all-important kick-off to the holiday shopping season.
Retail sales on Black Friday climbed 6.6% this year to an estimated $11.4 billion, according to ShopperTrak, which tracks foot traffic at malls and stores. Last year, sales climbed just 0.3% to $10.7 billion, which was a record one-day sales amount at the time, according to the company.

Did you do your shopping? Are you spending the as last year...

Friday, November 18, 2011

Credit Talk USA Live - Occupy protestors getting arrested..

  • Over 30,000 People Rally in New York City (NYPD estimated 32,500), including organized contingents of workers, students, and other members of “the 99%”
  • Actions in at least 30 cities across the country and around the world
  • Commemoration of 2-Months Since Birth of the 99% Movement, Festival of Lights on Brooklyn Bridge.
What does all this mean or is it all getting out of hand??

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Entertainment News: Breaking Dawn.. BREAKING RECORDS

, Breaking Dawn Scores $30.2 Million At The Box-Office In One Night!




In The Light Of Day, Breaking Dawn Scores $30.2 Million At The Box-Office In One Night!

The numbers are in, and it looks like Breaking Dawn isn’t going to be breaking the record of the boy who lived, but it’s on it’s way to besting it’s own franchise record.
The Twi-hards were out in force last night, flocking out to 3,521 theaters across the country to see the midnight showings

Thursday, November 3, 2011