Diane Gerdes's (dianegerdes) Blog

“Old acquaintances be forgotten and never brought to mind” 2008 would be the year most of us would like to forget. Of all the gifts we could return to Sears, or in this case Uncle Sam, it would be the Economy of 2008. Keep it, we do not want it. 2009, on the other hand, is filled with promise an...

The decorations are up and the colored lights are sparkling.  The frosted champagne glasses are ready for a toast.   Finally, a party!    Bah Humbug, no one is coming.   The Fed, channeling Chevy Chase in Christmas Vacation tried to jump start the economy this week dropping the Fed rate to somewh...

The American public is an unwilling participant in a reality-sitcom , starring The Fed, The Treasury and now the FDIC. These awful performers cannot make a decision on the distribution of earmarked funds to save our economy. The big three automakers are calling their bankruptcy attorneys this mor...

The media played a cruel joke on the housing industry last week with an unsubstantiated rumor that the 30 year fixed rates would drop and stay at 4.5%. This piece of juicy gossip with no details has evaporated into never, never happened land. Think about it! How would the government regulate the ...

Loan Modifications: Don't Get Bitten! If you need to modify your current mortgage, please be careful! There are no regulations in most states, including Arizona, for loan modification companies.  These snake oil providers are slithering all over the country.  They take your money, (usually betwee...

The town lit up yesterday with the “news” that the government was lowering the 30 year fixed rates to 4.5%. But later in the day it was discovered that it was a rumor from Hank Paulson’s Treasury department. The 4.5% rate was discussed as a possibility for future home buyers only. The government ...

Dear Uncle Sam, We are very concerned about your ill health and know you are suffering from more than one ailment. Your Primary Care Physician, Secretary of Treasury Henry Paulson, who you trusted to give the correct diagnosis and cure (and please do not take offense, Uncle, but wasn’t he one of ...

All of Wall Street should check into “Greed” Rehab and we, as a country, should not take no for an answer. The second portion of the much ballyhooed $700 billion dollar economic bail-out has been put on hold until the suits in Washington can make a decision on future distribution. The first half ...

The day after tomorrow, birds will be singing, jobs will be plentiful; we all will have plenty of money....except for those that don't.   One of the first duties of President-Elect  Obama, will be to anoint a new Secretary of Treasury.  In past years, the Secretary of Treasury was a peacock posit...

The 700 billion dollar bail out has the world markets on an unexpected terrifying roller coaster ride. Fear and innuendo are guiding the global stock markets that are in serious need of Prozac. Although each of us would appreciate a few million dollars and promise not to spend it on spa’s and exp...