because they also hold very large sums of debt and value of their assets value increases. It is good for the vast majority of the adult US population, because they also hold assets. It is bad for the minority who dont have assets or debt. ...
Another factor that could keep consumer prices relatively high over the next few months are wages. While economists, wary of the a "wage-price spiral," have been rooting for wage growth to slow, worker pay last month went in the opposite direction, accelerating at an annual rate o...
We're not just talking about stepping on a crack or walking under a ladder. There are very specific superstitions that Texans believe in and still do! Gallery Credit: Daniel Paulus Ghost & Rooster Canva Ghost & Rooster Legend has it that if you spot a ghost, you can either walk around i...
But before we lay blame only with the schools, another notable change over the past 25-30 years seems to be a growing lack of involvement and responsibility of parents to teach their own children about money, making a budget, how credit works, and the basic principles of understanding the c...
We got a loan for about $5,000. Ended up saving $1,500 in the end. My sales guy knew we liked to pay or use our own credit union. I didn't even have to ask him - He flat out said "there's no pay ahead or pay off penalty" and said "wait unt...
credit rating.RETHINK YOUR SAVINGS YOU will struggle to find a savings account on the British high street which even matches the current rate of inflation (2.8 per cent).If your savings are already losing their spending power, you have nothing to lose by looking elsewhere for a better return...
yielding a recession more closely approximating an extended U-shaped recovery curve. Losses are at least as bad as those in the last recession, with a 20 percent unemployment rate and credit-card charge-off losses of up to $100 billion per year. Not only are many customers unable to pay,...
“InternationalCreditFlows,…” SanFranciscoFederalReserve SanFrancisco,Nov.10 th ,2014 B r u n n e r m e i e r & S a n n i k o v 2 0 1 4 Stabilityconcepts&interconnections OUTPUT(GAP)PRICESTABILITY E[W( − ∗ , − ∗ ,)] Instruments short-terminterestrate unconven...