Regional and community banks are often recommended as a solution to the low interest rates offered by large banks -- and for good reason. Unfortunately, the viability of this solution may depend on where you live.
The move to extend unemployment benefit comes at a time when job growth is improving. It targets special relief for high unemployment states, but given the disparity of unemployment rates among states, shouldn't people be encouraged to move to where the jobs are?
We are in the middle of another battle between brick and mortar and e-commerce. Best Buy is dying. But it is not alone. Welcome to the new world of retailing, the death of retail 2.0. So who will pick up the pieces?
If this new spirit of competitiveness among banks leads them to expand the loan market, it could stimulate the economy and eventually lead to higher interest rates on savings accounts, CDs, and money market accounts.
It did not begin with the subprime disaster in 2007, nor the crash and burn of Lehman in 2008, nor are we able to blame any bubbles, be they dot.com or other. This Economic War began with the Asian Financial Crisis back in 1997.