Translation from English

Monday, June 8, 2015

IT HAD TO HAPPEN: The End of this Blog as We Know it...

I have written on this topic before, but this time my resolve is definite: I am radically downsizing the Midtown Blogger/Manhattan Valley Follies

As I said, I have threatened to this before

It is something like Mark Twain said about quitting smoking,
 it was easy because he had done it hundreds of times.

I may not have posted a notice like this a hundred times, BUT I HAVE THOUGHT OF DOING SO...

What it gets down to is three things  1) SELECTIVITY 2) MY INTEREST and  finally 3) ARTICLES OR WRITINGS, EITHER BY MYSELF OR OTHERS, that I think may not be exactly my cup of tea but which I think are important to run.

I am going to continue to run some features, like the birthdays and This Day in History ( which one of my oldest friends thinks is a total loss! He said to me " Let people look that up for themselves"...well, I disagree).

LET ME TAKE AN EXAMPLE HERE: This comes up especially with a great paper such as Le Monde, where it is SO tempting just to run a raft of articles--their whole front page.

I will no longer do so. If I feel there is an article or two (or three) of interest from Le Monde, I will run that, but no more.

ONE OF THE MAIN REASONS I HAVE NOT FOLLOWED THROUGH ON THIS RESOLVE IN THE PAST IS THAT I  HAVE BEEN SEDUCED BY THE STATS BLOGSPOT.COM AND GOOGLE MAKE AVAILABLE SHOWING HOW MANY PAGE VIEWS POSTINGS GET.

THIS LIKE BEING A PAGE VIEW JUNKIE. IT HAS BEEN SUGGESTED TO ME BY MY THERAPIST THAT I FEEL I AM "VALIDATED" WHEN I GET MORE PAGE VIEWS, BUT THIS HAS TO STOP, I CANNOT GO ON THIS WAY.

IT IS ALL SO WEIRD SOMETIMES ANYWAY-- FOR INSTANCE

THE OTHER DAY I HAD OUT OF NOWHERE

3,000 PAGE VIEWS ATTRIBUTED TO SWEDEN

I have never had any or hardly any readers in Sweden before so I wondered what the hell was going on.

It was a one shot deal...no more Swedish page views since that day.

I am going back to something closer to what my blog was originally like when I was doing it a couple of years ago, and page view numbers were not available to me.

For those of you who do not know what I am talking about, here are the stories from June 2013--Hardly all of them, but a goodly number




And here, for instance is the article I ran about Personal Debt



Sunday, June 30, 2013


Just What Americans Need, More Personal Debt

GE Capital dangles lure of financing in front of would be furniture buyers...

We all know how much trouble we have with public debt in the United States...but what has happened with private consumer debt?  

As with most topics, different people see it differently...this woman writer is not that bothered about private debt right now at all...

Consumer Debt Statistics

The Role Debt Plays in the U.S. Economy

By , About.com Guide
Consumer Debt Statistics
Many consumers cut credit cards during the recession. (Photo:Scott Barbour/Getty Images)
Updated June 13, 2013
Consumer debt drives the American way of life. The statistics on average consumer debt show how debt increased greatly between 2002-2008. However, during the Great Recession, banks cut back on consumer lending. Then the Dodd-Frank Wall Street Reform Act increased regulations over credit cards, so they tightened credit standards.

How does consumer debt drive economic growth? Debt allows you to buy your home, education, and car without having to save for it. As long as the economy grows, you can pay off this debt more easily in the future. That's because your house grows in value, your education allows you a better-paying job and your car...sorry, your car is just an expense. But at least auto loans create jobs for autoworkers!

There are two main types of consumer debt: revolving debt, like credit cards, and non-revolving debt, like auto loans and mortgages. Both stimulate economic growth.

Credit Card Debt

Consumer debt that's meant to be paid off every month is credit card debt, also known as revolving debt. Credit card debt reached a peak of $1.028 billion in July 2008, an average of $8,640 per household. (Source: Federal Reserve Revised Credit Card Debt Chart)

The recession curtailed credit card debt. It fell more than 10% in each of the first three months of 2009. By April 2011, credit card debt had dropped to a low of $839.6 billion. That's an average of $7,055 of credit card debt per household. (Note: The per household estimate is based on 119 million households, or 308.7 million/2.59 persons per household. Source: U.S. Census, 2010 Data; Average Household Size)

Loans

Loans, such as auto loans, mortgages, or school loans, are a form of consumer debt called non-revolving debt. These loans are usually held for the life of the underlying asset. For a car, it's three to five years, and a home mortgage is usually 15-30 years. These loans can be paid back with fixed interest rates, or variable rates. If the borrower fails to make payments, the bank will usually reclaim the underlying asset.

Of course, the bank can't claim any asset on school loans. For that reason, most school loans are guaranteed by the Federal government. These loans have very low interest rates, to encourage higher education.That's because a more educated workforce leads to a healthier economy, in the long run.

Average Consumer Debt Statistics

Here's the month-by-month blog roll of average consumer debt statistics back to 2006. (Note: These are the figures as released. The Federal Reserve continually revises these figures. See Revisions.)

2013

  • April - Households Shun Credit Cards in Favor of Loans
  • March - Consumer Credit Up 3.4%
  • February - Consumer Credit Jumps 7.9%
  • January - Consumer Debt Now $22,720 Per Household

2012

  • December - Holiday Shoppers Relied Less on Credit Cards
  • November - Americans Took Advantage of Low-Interest Loans
  • October - Shoppers Resume Love Affair With Credit Cards
  • September - Credit Card Debt Down 4.1%
  • August - Consumer Debt Hits New All-time High
  • July - Consumers Said "Back Away from the Credit Card"
  • June - Credit Card Debt Shrank as Gas Prices Dropped 
  • May - Why Credit Card Debt Rose 11.2%
  • April - Credit Card Debt Dropped
  • March - Credit Card, School Debt Up, Signaling Consumer Confidence
  • February - School Loans Up, Credit Card Debt Down
  • January - Americans Set New Record in School Loans

My Note: I have stopped here because I think you can see what is happening recently...

For the rest of this article, go to

 http://useconomy.about.com/od/demand/a/Average-Consumer-Debt-Statistics.htmhttp://useconomy.about.com/od/demand/a/Average-Consumer-Debt-Statistics.htm

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