America loves an underdog, a scrappy competitor who manages to beat the odds. By staying so low for so long, interest rates have not only beaten the odds in recent years, they've laughed right in their face. The question is, how long can interest rates keep doing it?
These low interest rates we've enjoyed for years will begin rising. I personally believe we still have some time before rates start upward. Since you have a little time left, I'd like to give you a few suggestions.
Renting a house, snagging a ride on your smartphone, and de-leveraging your balance sheets would truly be a new American way, with tremendous implications for policymakers including the Fed if a geopolitical or natural disaster hit and it was stuck at an already low interest rate.
When determining how to pay for this massive life event, parents are often as confused as their students. With that in mind, here are four things parents need to learn now about student loans before anyone signs on the dotted line.
The U.S. economy seems sluggish today, but ironically, it may also be over-stimulated. Like someone who has had too much caffeine but is on the last reserves of strength, the economy is showing some effects of fatigue.
Since the credit crisis in 2008, lenders have made it more difficult to get a loan. If you are in the market to buy a home or refinance, you'll have three options for a mortgage.
An aggressive rally in the Treasury market this morning has resulted in the lowest 10-year Treasury yield since June of last year. Nearly everyone is looking for an explanation as to why longer-term interest rates continue to fall in the face of reduced Fed support and better economic data. So what is going on?
Some have called it a Putin bond rally. Or it might be new Fed Chairperson Yellen's determination to keep interest rates as low as possible, until economic prosperity returns to Main Street. It might as well be because our employment rate is still above 6 percent, with many millions of the long term unemployed out of work.
Headline news reports that our very own Federal Reserve Board has finally put its foot down. "No more" is the message from the Fed. This announcement is causing some financial pundits along with mortgage brokers to stand up and shout out that you better refinance now while you still can.
Most investors own bonds in their portfolios. We buy them for safety and to diversify our portfolios. More and more we are starting to hear about rising interest rates.
You may already know your interest rate like the back of your hand, but what about the difference between your interest rate and your Annual Percentage Rate (APR)? Learn these five concepts so that you can know where you really stand with your finances and student loans.
The issue of rising fiscal imbalances is worth dwelling on. A number of economic observers have asked the question: Are countries heading back to the bad old days of rapid debt accumulation that may need to be forgiven down the line? Are these fears well grounded?
Global financial stability is improving -- we have begun to turn the corner. But it is too early to declare victory as there is a need to move beyond liquidity dependence -- the central theme of our report -- to overcome the remaining challenges to global stability.
Paul Ryan has issued a new proposal to cut the budget even further, to the point where most unemployment programs will be half the size that they were during the Reagan administration. This is a cruel, counterproductive path we are on, and that is not a statement of mere opinion.
None of this will come easy. But this report lights the way. It should be repeated in city after city, in state after state, so that everyone can see just how Wall Street is impoverishing the richest country on Earth.
Despite Yellen's evident caution and discomfort in expressing any specific quantitative definition of "considerable period," the stock and bond markets chose to take Yellen ultra-literally about the six months and turned suddenly and violently downward.