The Online Investing AI Blog

Pic by Alan Cleaver at Flickr Creative Commons

Mint.com, Wesabe, Bundle.com and other personal finance technology hubs were the first to recognize the democratizing power of technology in the money management sphere.

Online personal finance tools can unleash a team virtual accountants and analysts in your laptop.

You can now run reports and check graphs on everything from creating a budget to monitoring your spending habits to pinpointing your best investment returns.

Now, banks and credit card companies are growing wise to this tech trend and bolstering their own sites and online banking portals with personal finance technology.

Most customers are wondering, “what took you so long.”

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Accelerating Technology, Internet, Investing, Money, Online Investing AI, Success, US Economy banks, credit union, finance, Money, money management, personal finance, technology

The current administration has made it very clear that it is committed to helping the economy as much as possible. The trillion dollar bailouts have had a measurable effect, and most people think that the recession is over. Although the short term effects of the stimulus have been realized, many people are wondering about what happens after the effects have worn off.

More Failed Banks

This article from Reuters describes nine bank failures that occurred in just one day. The government has successfully increased spending and prevented a depression in the short term, but what about the real health of the economy? As bank failures reach record highs, do we need to be concerned about whether the entire system will collapse?

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Investing, Money, Success, US Economy bankruptcy, banks, economy, government, inflation, Obama, US

Now that the recession appears to have abated and everyone is saying that we can relax, I think it’s time to reevaluate the situation. If you consider that the country’s financial situation has worsened significantly, it’s pretty clear that we are not out of the proverbial woods. The government spending of trillions of dollars may have stopped the recession, but it may also have set us up for a worldwide depression.

Think I am full of doom and gloom? Absolutely not. Both Matt and I are extreme optimists. But consider these facts: depressions happen on average once per lifetime, or every 80 years or so. It’s been 80 years since the last depression. The government is running budget deficits on a scale that has never been seen before, and has no way of paying back the money. The housing market has leveled off, but there is nothing to help it recover after the current first time house buyer’s stimulus wears off. The unemployment rate is getting higher, and there is nothing to slow that down. The US automakers have recovered for this month, but only because of $3 billion dollars of free money for (mostly American) clunkers. As soon as that stimulus effect wears off, the American car manufacturers will be in even worse shape than they were last month.

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Investing, Money, Success, US Economy bankruptcy, banks, depression, economy, financial crisis, happiness, Money, opportunity, recession, stimulus