Maybe it's time for a '60s-style student uprising -- but this time instead of occupying college hallways, they ought to occupy the halls of a Congress that favors big banks over struggling students.
By Mitchell D. Weiss If insanity is defined as repeatedly doing the same thing and expecting a different result, the student loan interest rate throw...
This report takes a closer look at monetary policy, what the FOMC is trying to accomplish, where voting members are in the process and ultimately, how far we have traveled from "home."
The appetite of the fixed income investor is voracious. Apple was the course of the day with the largest issuance of corporate bonds in the history of our republic for $17 billion.
There's no mystery about why the Fed wants to keep interest rates low. Who is the biggest loser when the Fed keeps rates artificially low by purchasing $85 billion of securities with newly-created credit every month? Savers are the big losers in this rigged game.
It makes sense to shop around for the lowest possible interest rate you can qualify for. However, consumers are also aware that inquiring too many times on a loan can have a negative impact on your credit scores (ultimately increasing the interest rate that you pay!)
The end of these unconventional monetary policies will come and may pose threats to financial stability because of the length and breadth of their unprecedented reign. Policymakers should be alert to the risks and take gradual and predictable measures to address them.
In his column "The Price Is Wrong," Prof. Krugman argues with the free market proponents on how to address our unemployment. I would take a second look at this option.
For every dollar we reduce the deficit this year, we sacrifice about two dollars and twenty cents in GDP. The cuts will also result in the loss of 750,000 jobs. So why are we doing this again?
Why would so many people opt for an adjustable rate mortgage when it's so dangerous? Most likely, they just don't understand the risks.
Over the past few years, the state of the credit world has been tumultuous, from the enactment of the CARD Act to the recent addition of surcharge fees. So what credit and lending industry trends can consumers expect in 2013?
Today, the average retail investor is still hopelessly under-invested in stocks, ludicrously over-weighted in overvalued bonds: fighting the last war of falling stock prices, while absolutely blind to the looming danger ahead in the form of inflation.
There's a good chance that the yield on your savings account has disappointed you lately. But now may be a great time to do something about it.
People often think of bonds as being low risk. They are lower risk than stocks, but they are still subject to all sorts of different potential problems.
Dear God, guide us to talk, act and believe that we are all one family of humanity. Dear God, help us think, speak and act peace every moment of the day.
The beauty of supply-side economics, is that just when you start to believe that it might actually be theoretically true, there's always reality that breaks that fantasy.