Welcome Univ. of Michigan-Flint MBA Students
To the students in the NetPlus! MBA program at the University of Michigan, Flint campus, who are enrolled in MGT 551 (Business Economics) for the fall term 2010 which started on Saturday:WELCOME TO CARPE DIEM!
Professor Perry
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Infrastructure Spending Is Not A Boondoggle
One of the biggest problems in talking about the importance of and the need for infrastructure spending is that people who argue against it almost never look at maps. Let's paint a hypothetical picture. There are two cities, A and B. Both cities have complementary economies -- that is, the economy of A provides goods and services that would increase the productivity of economy B and/or vice versa. Or, suppose we have the far more likely case where both economies complement various parts of the other. How are goods and services going too move between these two cities? The standard Libertarian answer to this question is to let private industry do it. However, in a country as large as the US that would require trillions of dollars -- an amount of money far out of reach of even the largest companies.
To draw this example into the real world, here is a map of Texas' (my home state) rail lines:
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Christina Sommers: Where the Boys Are(n’t)
"If boys are in trouble, it's a women's issue - we're all in trouble."
Christina Sommers talks about the effects of a philosophy that can be somewhat hostile to young men: Women's Rights. Advocating for recognition of gender differences while maintaining equality, Sommers discusses the implications, risks, and consequences of consistently supporting and encouraging females only.
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Bad Credit Mortgage Refinance Loan - Full Guidance
Mortgage Refinance With Bad credit is when you apply for a secured loan so that you can pay off different loans that you have taken against some property for a fixed interest rate. Normally you apply for a different loan again when interest rates are most favorable. While refinancing mortgage think twice whether it’s in your favor, and you’re going to be benefited from the interest as well as from the cash point of view, as compared to your first secured loan that has been taken against some property. Another advantage of refinance mortgage is that you can reduce the term of your mortgage loan. For example if you have taken the first secured loan for 25 years and paid the loan installments amount for 4 years, the second mortgage loan would be for a shorter term of 15 or 10 years. This will help you in saving many thousand of dollars in your interest amount.
The advantages of mortgage refinancing are as follows.
- The 1st advantage of mortgage refinancing should shorten the duration of the payment for the loan you have taken. You have a loan that is 20 years old; you can transfer the duration to 15 years which will be of advantage to you in the long run.
- The 2nd advantage of mortgage Refinance or mortgage refinancing is that you can switch over to a new mortgage refinance loan with less mortgage refinance rates that will be of benefit to you in such a way that the amount to be paid on the mortgage loan should be less the 1st loan. This will help in minimizing your monthly burdens on house expenses.
- The 3rd advantage of mortgage refinancing is that there are two types of interest rates when you choose to go for mortgage loans. Fixed Rate Mortgages and Adjustable Rate Mortgages. If you choose the FRM normally the interest are high or can go high, and it is not appropriate to choose that when you are not sure about your future income that will keep fluctuating depending on your job. It is always better to go for Adjustable Rate Mortgages as you may not be sure about your future monthly income in the time of recession that is going on now. If your 1st mortgage loan is in Fixed Rate Mortgages then it is wise to switch over to Adjustable Rate Mortgages when you go for mortgage refinance loan.
- The 4th and last advantage of mortgage refinance loan would be you end up getting some extra cash in hand which you can use for paying some of your other outstanding loans.
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Yesterday’s Market
This was the big news last week. The IEFs finally broke their 5 month uptrend. If this holds, it will be bullish for the stock market.
Notice that prices fell below the 10 and 20 day EMA, and now have the 50 day EMA or a retest of the trend line as targets.
Last week's move came in three waves. There was an opening gap on Wednesday, followed by a second leg down. Thursday morning there was a slight gap down with prices moving sideways for the rest of the day, and Friday saw an incredibly large gap lower with a quick rebound (but still a big loss) on the day.
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