Joy Gone?

I was asked the other day why I have not been posting to my blog. I used to enjoy finding and sharing a financial thought. A savings I saw here or there. A secure investment or a secret to saving.

Then I found myself bad at the government and the financial status of the U.S. and the world. I'm still quite angry at the mortgage mess which has no end. Fannie and Freddie are in big doo-doo still and will be getting more $ from you and me soon.

I have a friend who is a realtor in a middle-sized city in Indiana. He tells of houses starting to move again. Some of his market has hit the bottom and people (either investors or possibly first time owners) are ready to purchase but the banks are holding up things. He told me of one couple who waited out the process, waited for 5 months to get financing.

Of course I have no idea if the problems are credit ratings or income questions. It's almost as if the banks have swung the other way. Where before you could get a $100,000 mortgage on your signature alone, now the banks are extremely cautious.

So my head has been full of government spending, the fear of tax increases, the fear of increased health care insurance costs, and the depression of $ not earning interest. As we hunker down and control our spending as much as possible, our savings sits safely not earning.

'til later