The conventional wisdom: low interest rates are good for both economic growth and the stock market. Unfortunately for the conventional, the "wisdom" of low-rates-stimulate-growth omits three features.
The marketplace for credit cards is more complicated than ever. Points programs, cash back plans and variable interest rates all have consumers drowning in the fine print, trying to make some sense of what they're applying for.
I didn't know credit scores existed growing up. I didn't even open a credit card until the middle of my college years. When a friend opened her first card sophomore year of high school (at her grandmother's behest), I scoffed and laughed.
The economy grew at an impressive rate of four percent in the second quarter of this year, according to a government report released on Wednesday. But the stock market promptly tanked. The Dow lost more than 317 points Thursday and another 70 points Friday. What gives? Financial markets like it when the economy grows fast enough to signal that the recovery is continuing -- but not so fast that labor markets might tighten and workers get more bargaining power to get raises. Markets also worry that if the economy grows too fast, the Federal Reserve might pull back from its policy of low interest rates.
Is it possible that even Warren Buffett has clay feet, stooping to the very actions whose cynicism and manipulative enterprise has made many so wary of a structure that rewards the few at the cost of the many?
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.