Record number of Americans are 90 days behind on their car loans

 

PUBLISHED TUE, FEB 12 2019 • 4:15 PM EST | UPDATED WED, FEB 13 2019 • 6:05 PM EST www.cnbc.com
Jeff Cox

Provided by Paul K Doak, CFP®

KEY POINTS

  • More than 7 million Americans are at least 90 days behind on their auto loans, according to the New York Fed.
  • That’s higher than the peak in 2010 as the country was still reeling from the devastating financial crisis.
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4th Quarter 2018 update

4th qtr update 2018

Madoff victims Recover?

Madoff victims close to getting their $19 Billion Back

By Erik Larson and Christopher Cannon December 8, 2018 www.Bloomberg.com

Provided by Paul K Doak. CFP®

A decade after Bernard Madoff was arrested for running the world’s biggest Ponzi scheme, the bitter fight to recoup investors’ lost billions has astounded experts and victims alike.

While no one will ever collect the phantom profits Madoff pretended he was earning, the cash deposits by his clients have been the primary objective for Irving Picard, a New York lawyer overseeing liquidation of Madoff’s firm in bankruptcy court. So far he’s recovered $13.3 billion— about 70 percent of approved claims—by suing those who profited from the scheme, knowingly or not. And Picard has billions more in his sights.

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Retiring Near Market Highs

If you’re worried about retiring at a stock-market top, this might help

By Shawn Langlois
MarketWatch Published: Dec 1, 2018 7:05 a.m. ET

Don’t get caught up in market timing

Provided By Paul K Doak, CFP®

Stressed? You’re not alone.

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Plane without moving parts?

Plane without moving Parts?

By Helen Regan, 22 Nov 2016

Provided by Paul K Doak, CFP®

CNN) — Engineers at the Massachusetts Institute of Technology (MIT) said they have successfully flown the first “solid state” airplane that has no moving parts and does not rely on fossil fuels to fly.

The flight is a milestone in “ionic wind” technology and could pave the way for quieter and environmentally cleaner aircraft in the future, engineers said when they published their findings in the
journal Nature on Wednesday.

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Concerned about the stock market?

Panicked about a stock-market crash? What you need to remember fits on one note card

By Ryan Vlastelica
Market Watch Published: Dec 21, 2018 2:15 p.m. ET

Provided by Paul K Doak, CFP®

‘Never make important decisions based on emotions’

Turbulence in the U.S. stock market no doubt has a lot of investors searching for a strategy to navigate the volatility and protect their capital. The good news: The best tactic most investors can take is easier than they may expect.

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Market Correction Causes?

Pre-Recession Steps

Recession on the Horizon?

Tariffs- an Explanation