It's hard to say whether the economy has been naughty or nice this year. Employment growth has been up and down all year, raising hopes and then dashing them in a continuous cycle. Even so, suppose you indulged the economy by letting it make a holiday wish list.
As rates begin to rise in anticipation of Fed "tapering," we would expect an eventual reversal as economic indicators begin to deteriorate. In other words, there is a ceiling on the pace of this economic recovery until deleveraging runs its course (which could be a long while).
It's all over right? The most recent glory days of real estate investments, when we could buy foreclosed homes for pennies on the dollar are disappear...
Our credit is so important and it requires an attention to detail. Although you should ignore some of the wrinkles in life, you should sweat the details in your credit.
We know Republicans believe that they can simply "create their own reality." And we know from Stephen Colbert that reality has a well-known liberal bias.
America's financial and economical decisions will have an effect on emerging economies in the times to come. The reversal of flows will destabilise emerging economies, and an effort to attract investment will have to be made in order to keep the increasing growth rates in the GDP.
Since we've never defaulted, we don't know how much it will cost. But sources suggest that even flirting with default back in 2011 cost between $1-2 billion due to higher interest rates.
The long and short is that the Fed did a really nice job in preemptively bursting a housing bubble before it grew large enough to do much damage. This may not have been its intention, but they deserve praise nonetheless.
Many of the same workers who are bravely standing up for their rights on the job are being denied bank accounts.
Between Big Brother running around loose and the Big Banks having their way with us, more and more I feel like I'm living in The Twilight Zone. In the...
Just the thought of reduced Fed purchases has caused investors to shiver, interest rates to rise and bond prices to fall. So, to an extent, the marketplace has already anticipated some reduction in Fed purchases.
Excessive mortgage debt, student loan debt, medical debt and more have placed untenable burdens upon millions. As we learn from our Torah portion, a cursed society is one in which factions are trapped in merciless power dynamics as debtors.
When it succeeds, microfinance lifts people from extreme poverty and leaves them into poverty. Other interventions are still needed, especially a focus on small and medium enterprises - the backbone for creating a middle class.
Boy, it's a whole different thing to talk about the housing market when it's looking up. President Obama went to Phoenix to talk housing yesterday, a locale no doubt motivated by the double-digit increases in home prices there in recent months. Of course, those gains are off an awfully low base as the state was slammed by the housing bust, but it is well established that the housing market is now reliably rising from the dead, which is pretty much where it was the last time he talked housing out there shortly after he was elected. However, there were a couple of interesting things that came out of the speech.
The next few weeks are critical in determining whether or not the economy is on a self-sustaining path.
If your grandfather was wise enough to determine a suitable asset allocation and invest in a globally diversified portfolio of low-management-fee index funds, you should follow his example and be grateful you inherited his wisdom.