Financial Resource: Beginner Investing to Financial Independence!

No credit check car loan is a loan in which the lender does not check or verify the credit score of the loan applicant. The lenders have to become flexible and the situations have compelled them to offer different types of loans to the people. This does not mean that the lenders cannot safeguard their right to claim back the money that has been lent. The lenders have come out with various ways to lower risk, especially in case of no credit car loans. In case of good credit car loan applicants it is very easy to get no credit check auto loan.

The lenders like carloansrighthere have started offering no credit auto loans. Only some of the applications for no credit auto loans are approved. There are various strategies to increase the probability of the approval of the no credit check car loan.

The most common strategy to increase the probability of the approval of the no credit auto finance is through pawning the home equity as collateral. On doing this the lender gets an assurance of the retuning of the money and lowers the risk considerably. The other way is to convert the car loan into a secured loan. The loan applicant can assure the lender of return of the money by giving the right to foreclose the vehicle in case of nonpayment of the monthly payments.

Getting a cosigner with a good credit can help you to approve the low interest car loan rates.  This means that if the loan applicant is not able to pay the cosigner will pay the pending sum. You can increase the chances of the approval of the no credit check auto loan by proving your capacity to pay the monthly installments regularly by submitting proof of a stable job and regular income.

We can say that under proper guidance, availing business car loans becomes very easy.

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Getting the lowest car loan can save you thousands of dollars in the long run, let alone the immediate savings you will experience.

Whether you have good credit or bad credit you can be approved for the lowest car loan as long as you take some simple steps. Everyday online thousands of loans are given that provide 100% financing to purchase a car truck or motorcycle. Anyone can take advantage of the high competition, but there are ways to lower your payments and get low interest rates.

Most of the time in order to get the lowest car loan rate certain requirements are needed to get it under 7%. For example it helps if you have a good job with enough monthly income to make the payments on your car. When you apply for one of the low rate car loans you will be asked what your income is.

3 Steps to Getting the Lowest Car Loan

1. Determine the Amount of Money You Need

If you know how much money you need or at least roughly what you want this will make it easy to apply. You will want to make sure you have enough to pay for the vehicle.
Keep in mind that there are ways to get the lowest car loan just by having a good knowledge of what you need for money, and whether you have any money to put against it. If you have collateral, or a co-signer, or a down payment you can significantly reduce your monthly payments and interest. If you know the amount you have for a down payment you can provide this during the application process and it will influence your interest rate.

2. Search Online For The Lowest Car Loan Rate

There are many sites that offer low rate car loans. By applying online you can instantly get approval and compare all the rates you are approved for. Once you think you found the lowest car loan then you can go to your dealer or bank and see if they can beat it. There is a place online that can find all the loans for you so you do not have to fill out several applications.

3. Fill out an online application at a place that compares several loans for you

The lowest car loan is often found by using free services online that will search for your best loan rate. These places can help find the loan for you and then you simply pick and choose what the best deal is. Once you provide a few details of yourself these services will do a search from many providers and give you the quote that is best for you. It is simple and fast, and usually you get approval instantly. Sometimes your approval for the lowest car loan can take up to 24 hours if you have very bad credit.

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As I woke Monday morning I saw that the Asian markets, particularly the Shanghai Composite, were selling off sharply. And I thought to myself, “oh no, here we go”.   My general feeling is that the US equity market is overbought as the valuations haven’t quite caught up to price. Yet the US equity markets finished the day positive. What gives?  It is no secret by now that China is funding US debt through its purchase of US Treasuries with surplus money supply gained from US trade imbalances and China’s peg to the US dollar. As the US dollar declines in value, so does the value of the Chinese Yuan. This in turn makes China’s goods cheaper to the rest of the world, which continues to perpetuate the cycle of Chinese economic surplus.  Now I have nothing against China making money as I am a capitalist at heart, but now it’s time to level the playing field. China is no longer an emerging economy, but rather the richest nation in the world! Well actually, they are the third largest by GDP, but considering the massive debt that the US is accruing at an alarming rate, I wouldn’t be surprised to see them move up the list by year end. Which brings me to the point: why do they need to peg their currency to the US dollar, or even a basket of other currencies for that matter? They want to be a major player on the world stage, yet are acting like impetuous children. Well I say it’s time for China to grow up! China should be forced to allow their currency to float in the free market. While the initial pain may be great, they could mitigate the impact by showing their willingness to work with the other countries around the world and could do it in stages. By some accounts the Yuan could strengthen by 20% to 30% just by removing the peg, not to mention how it would respond to currency markets. Obviously the feeble attempts at political pressure from the US have failed miserably and now it’s time to get tough. People have become afraid of what will happen if we make them mad at us; will they dump our bonds?? I say who cares, we should threaten to default outright on any bonds they own and not allow them to trade them in the free market if they don’t float. So now they have a choice, either take a 20 or 30% haircut by letting their currency float, or take a 100% loss because we won’t pay them back or  accept their currency. While this is an extreme measure and I’m really being a bit facetious here, they really have been allowed to operate in an unfair economic environment. Should something as radical as I propose happen, I would be long (CNY) or (CYB), two Chinese Yuan ETFs. At the end of the day, their policies have contributed to global financial catastrophe and it’s time that they admit their role in it and make the changes necessary to fix it. And as was apparent on Monday, the US markets no longer consider China a child, but rather an adult economy with its own problems.  It’s time for China to grow up! Otherwise, other countries around the world won’t want to play in the sandbox anymore.  

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As the health care debate continues to its next phase, the far left decides as to whether or not President Obama is still their champion. Stocks like Aetna (AET) and United Health (UNH) have reacted. When Secretary Sebelius commented on Sunday that the public option in the health care reform bill was not an absolute must, traders interpreted this as it was dead.   They are probably right! On Monday, Aetna and UNH were both up over 5% on a day when the stock market was down about 2%.  These stocks have really been in play during this debate. They tanked when President Obama made it clear that he wanted the public option and rallied as the argument became weaker and weaker.  But is it over?   There is no doubt about it the proponents of the public option are eating some humble pie right now, and some liberals are gearing up for a fight against the moderates in their own party.     Even if you can’t stand President Obama’s polices, you can’t deny the fact that he is a one of the smoothest political operators there is. It is obvious that he redirecting the party’s focus to the health care co-ops , since there are just not enough votes for the public option.     The administration is simply letting his liberal base of his party down gently as he gears up and refocuses for the co-op debate.   The devil will be in the details as to whether or not these health care co-ops  will be able to compete against the huge Insurance companies.   The game may have shifted, but these co-op debates should be heating up as soon as the Democrats become one big happy family again.     

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 Economies move through a series of expansions and contractions known as the business cycle. This should not be news to anyone with even a modicum of financial acumen, yet it amazes me that those who are tasked with understanding this basic concept get it so wrong time after time.   What I am referring to is the need to “call a bottom”.   When I started out in my trading career, the trading aphorism I heard most was to not try to “catch a falling knife”. Yet day after day, I see some politician, financial pundit, or media type who will tell you with all certainty that the “bottom may be in” and the recession may be over. What they’re NOT telling you is that just like everyone else, they really have no idea where the bottom may be and that all of their guessing is nothing more than a way to pat themselves on the back at cocktail parties 6 months from now in the random chance event that they were right! Let’s debunk some of the myths about economic “bottoms” and tell you what you need to know. Less contraction does not equal expansion! When economists say a recession is over, all they are saying is that economic output has stopped contracting.   And while that may be true, the “logical” conclusion that they draw is that if the economy stops contracting, then it must be expanding, which means growth. This couldn’t be further from the truth. Economies can experience long periods of non-growth or stagnation, after having been stabilized. Don’t believe me? Ask the Japanese. Stock market returns do not equal overall economic conditions! While it’s great that the market has had a good run since the March lows, people are still losing jobs (though less rapidly), banks are still not lending, housing prices have not stabilized, and we have a ginormous mountain of debt to show for it. Now I’m not trying to pee in anyone’s cheerios, but at this moment in time the “logical” conclusion that the economy can’t move back into contraction-mode is WAY too premature. We may not have a letter of the alphabet to describe this economic condition! While it is convenient for financial pundits and media types to throw around the classic ‘V’ or ‘W’ or ‘U’ shaped bottom comments, I’m not so certain that what ends up happening will resemble anything close to what can be written in the English language. Now while I realize that doesn’t make for engaging cocktail-party fodder, perhaps the back-slappers will just have to sit this one out. Government intervention may have created false conditions! Now I’m not going to argue whether the stimulus packages were necessary or too much or too little or whatever as only time will tell how effective they were. Of course then I can write an article about the fallacy of assigning specific credit or blame to the stimulus, although that’s another topic entirely.   The point is that we can’t necessarily determine what the outcome is until after it occurs.   All of the projections and estimates are just educated guesses and should be treated as such going forward. As you can hopefully see, trying to pick bottoms will leave you with little more than stinky fingers. Rather than trying to guess cause and effect, investors and traders alike should proceed cautiously and really stay focused on what they see and not what they hear. Because if history has taught me anything, it’s that when everyone is saying the bottom is in probably means closer to the opposite.   But rest assured, if they keep calling bottoms, eventually someone will be right. And I’ll be the first one to throw that guy a pizza and ice cream party. But for now, I’ll keep my ears closed and my eyes open.   

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I wrote an article a couple of weeks ago, in which I laid out some reasons as to why I thought that Warren Buffet is very misinterpreted and misunderstood. Buffet is indeed one of the greatest investors to ever walk the face of the earth, and his strategies and ideas carry tremendous weight.   He influences the influencers and very often his beliefs are taken out of context and therefore misunderstood and lead to stock bubbles.  When you listen to Buffett and talk about bonds, you would think they are the worst investments ever, and that everyone should be investing in 100% stock all the time. The truth of that matter is that Buffet does not like bonds, but he is never 100% invested in stocks.   Buffet prefers cash over bonds, and when you step back for a second there is not a huge difference between bonds and cash when you are stock investor.    Both have an inverse correlation to stocks and are relatively safe, but cash is even safer.  When it comes to market timing if you listen to Buffet you would think that he is dead set against it.  Nevertheless, his fortune has been built on being patient and waiting for the market to take a big drop, and then going in and buying everything cheap. Is this not market timing? You better believe it is!  Market timing is really one of those things where most people are either on one end or the other. They either feel that is impossible or that is the only way to invest. Nobody can predict what is going to happen in markets consistently time after time, but when you close your mind to market timing you lose the flexibility necessary to be a good investor.  Buffet is much more of a mystery than he would lead people to believe, and although he called derivatives weapons of mass destruction he himself has owned them.   If you are looking for black and white investing tips, Buffet is not the place to start, like he has said “Investing is not complicated, but it is far from easy’.

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Lately, I’ve been talking about the dollar’s decline…and so far, I’ve been right. However, the last few days in the market has gotten some traders to question their positions and its even scared others out of their positions. Not me! Here’s why…Nothing has changed in the fundamental picture to warrant a true “dollar rally” that would change the dollar’s downtrend back into an uptrend. Trends in currencies don’t change often, and that’s because the fundamentals behind those economies don’t change directions often. So if a “true” technical trend-change were to take place on the charts, it would be because there is an actual “fundamental stimulus” that is taking place. Yet, I don’t see anything like that on the horizon…therefore, I know that any rally upward, is simply what I call a “sucker’s rally”. That’s a rally that traders jump into because they think a trend change is coming. Yet the trend is still downward and will remain downward due to the fundamentals. Let’s take a look at the fundamentals for a moment and I’ll show you what I mean.Why Money Flows to a Currency!Money generally flows into a currency because it’s “chasing yield”, meaning that they want to place their money where it can get the most interest. However, interest rates are only high or headed higher when high inflation exists. When that happens, central banks have to raise interest rates to combat the rising inflation. So we should look to see how the inflation numbers look in order to get a sense of where investors will be putting their money. U.S. & Japan are “deep in deflation” right now!You will notice that the “high inflation” places of the world are places like New Zealand, the U.K. and Australia. Now the U.K. has been printing money way too much, and so that has delayed the effects of the currency gains in the pound so far. Here’s why the Fed won’t be raising interest rates anytime soon!However, New Zealand and Australia have both responded fairly well lately and its due to these inflation numbers. Now look at who is at the bottom of the list: Japan and the U.S. In fact, their inflation numbers are actually negative which means that its “negative inflation” or also known as deflation. Now, if an economy is in deflation, is there a need to raise interest rates? NO! Why? Because there’s no inflation to fight. In fact, a bigger enemy than inflation exists…and that’s deflation. Therefore, you can count on it being quite some time before the U.S. or Japan raise interest rates. Therefore, you can also count on money flowing away from the U.S. and Japan, generally speaking. Where will it go? To the inflationary areas of the world that will have to hike interest rates earlier and keep those rates high for a prolonged period of time in order to tame inflation so that it doesn’t get out of hand. Since the U.K.’s interest rate is small and they are still in “printing money mode”, much of the money has found its way to Australia which has the highest interest rate of all of the industrialized countries, only to be followed by New Zealand. This is why I believe that the dollar’s recent rally is simply a bear market rally…a sucker’s rally. You see, even bear markets have upward corrections just as any uptrend has pull backs. Everyone expects pull backs within any uptrend…but they’re shocked when a bear market rallies. I’m not!And this is just one more bear market rally for the dollar. Therefore use these times to buy the pull backs of the inflationary currencies while shorting the deflationary currencies. This would mean buying currency pairs like AUD/USD, AUD/JPY, NZD/USD and NZD/JPY. These are the ultimate inflation vs. deflation plays right now. It doesn’t mean they will go up every day, because they won’t. But it does mean that they are the ones most likely to hold their uptrends. The only thing that would likely reverse this scenario would be a “double dip” recession. I don’t see those cards in the deck just yet. So I’ll stick to my inflation vs. deflation play. Now, looking to the technical side of things…the dollar remains in a downtrend as noted by the downtrend line and its declining 50 Day Simple Moving Average. The Slow Stochastics are just about overbought in the downtrend and the MACD still has its lines below the “zero line”. These are all bearish implications which happen to also match the fundamental outlook. That comes as no shock because it’s the fundamentals that produce technical trends. The U.S. Dollar Index Downtrend Likely to Continue on Weak Fundamentals!Note: This is my opinion and you should do your own analysis to see if it confirms my findings.

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I have to admit last week, I was little skeptical about this stock market. I was thinking that when the un-employment numbers came out (next week) tomorrow we could see a big sell off in stocks. The stock market has been off the charts lately, and everyone is trying to figure out whether or not they are under invested in it. Regardless of whether or not the unemployment numbers are off a little or come in better than expected the effect on this rally will be minimal. There maybe a little sell off, but the rally should continue. A lot of people have tried to call this market and economy a “W”, a “V” and an “M”. I think for now it is an “IV” (pun intended) an “Inflationary V” This bull market started when “Big Ben” Bernanke made it clear that we are going to print our way out of it. We went from the “Greenspan Put”, to the” Bernanke Printing Press Put” Whatever works right? The bottom line is we are going to see growth in the third and fourth quarter of this year, and much of the fiscal stimulus has not kicked in yet, the monetary has kicked in. What does this mean for stocks? Stock will continue to go higher probably through the 3rd quarter on asset allocation money and inflationary trades, and perhaps the end of the year. How about the Dollar? The dollar will continue to weaken and only when we see rates rise perhaps we will see the dollar start to strengthen. Take our currency course and start trading in a demo today! Ready to trade live? How about oil? Oil appears to have calmed down, but is still going up. Historically it has been said that copper has a PhD. In economics, but what about oil? Oil really has become a temperature gauge for the global economy and when it spikes up radically, the prices cool down because it knows it is not sustainable. And the yield curve? This is pretty much all the banks have got going for them right now, and it is big. The banks have rallied this week and it should continue.

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Cash for Clunkers. Universal Healthcare. Social Security. Medicare. Medicaid. The list goes on and on. For every minor success, there is a complete disaster lurking in the wings. Meanwhile, the economy in the US is shrinking almost twice as fast as had been previously estimated, according to Bloomberg. And the stock market loves it.  The S&P 500 Index (SPY) is up some 12% since the beginning of July as we head into the Unemployment figures due out later this week. I wonder how “less bad” it will be this time around?? Which brings me back to the point: who is going to pay for all these “stimuli”?   As is no surprise to anyone with a modicum of common sense, tax revenues are plummeting as corporate revenues are down and unemployment continues to rise.  What’s going to happen when the government runs out of stimulus money if the economy doesn’t return to pre-recession levels?  Who’s gonna pay for this mess?  The US consumer’s spending represents some two-thirds of economic activity, yet has to be bribed into making purchases through programs like “cash for clunkers” or the “first-time homebuyer tax credit”. These are all temporary solutions creating artificial conditions that are giving consumers a false sense of confidence in the health of the economy.  Isn’t this what got us into this mess in the first place? How many first-time home buyers are going to be foreclosed on because they are unemployed? How many of these new cars are going to be repossessed because people are being laid off? Now the “beneficiaries” don’t have ANY transportation as they traded in their fully-paid-off hunk of junk for a nice shiny new vehicle which now has lost a third of its value because it will be marketed as a used car after it becomes repossessed! In the meantime, the government continues to rack up debt at a ridiculous pace and thinks that they will be able to pay for it all by taxing “the rich”. And corporations. What they don’t realize is that in doing so, they will make “the rich” less productive as the rich can afford to sit on the sidelines and not participate in productive activities while waiting for the next election cycle!!! Corporations are now global and because of technology can move operations overseas very quickly. They already pay the second highest corporate tax rate in the world here in the US. For what? This could even further reduce the tax base.  And that’s what this administration doesn’t seem to understand: that they should be trying to expand the tax base and not decrease it. It is unfortunate that politicians need to incite class-warfare in order to keep themselves employed. So what’s the solution?  Take our medicine. Do what’s unpopular.   Stop spending like drunken sailors, reduce taxes on the productive class (“the rich”) and corporations who employ people, and not raise them. Allow the free markets to determine prices, and not the government. Give people tax incentives to afford healthcare, go green, and make responsible purchases.  Because if the government continues to go down this path, they may find that there is no one left to tax as all of the jobs formerly held by “the rich” are now overseas or eliminated, and no one else makes enough money, if they are employed, to make a real difference to the deficit. Not to mention the unemployed. This could lead to a “tax revolt” whereby people refuse to pay because of all the frivolous spending that responsible (employed, hard-working Americans) do not take advantage of.  It’s time to reduce government, and not expand it. Now that’s change I could believe in!  

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A couple of months ago I wrote an article asking is the “Government doing too much?” There is no doubt about it, as historic action was needed in the past year, but when does it become too much? The “cash for clunkers” program has been a success, but never the less somebody is going to have to pay for it. Real GDP fell at annual rate of 1% for the second quarter, which is a real strong rebound from the last quarter with a 6.4% decline. Do these new GDP numbers really call for handing out $4500.00 for new cars!?! Keep in mind that this is money that comes off the back of the taxpayers, and not to mention, higher oil prices in the form of a weaker dollar. I have trouble going along here! These policies are really no different than going out for a couple of beers and not feeling a thing after a couple of them. So you keep kicking them back until, before you know it, you have drank too much and you’re an irrational fool, with nothing to look forward to but a hangover. Over-stimulating the economy can be the same thing; you have to be a little patient. If you over-stimulate before you know it, the economy is out of control with hyper-inflation, bubbles and then there is another severe recession. The “cash for clunkers” program would not have been nearly as successful just a couple of months ago, so what is the rationale for doubling down on a program that really serves no purpose anymore? You can’t say that the economy needs this kind of stimulus, because the economy is improving. In regards to the environment, who isn’t in favor of a cleaner, greener environment? A cleaner environment is not going to be achieved by bribing people with $4500.00 rebates. It may however lead to a national bankruptcy! There is no doubt about the reaction in the stock market though. Ford (F) was up nearly 15% on the news that the “cash for clunkers” program should be extended.

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