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, but signals from the federal government relieve distressed customers from feeling ...
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...
I wanted to walk away, and just forget about it. But the system already had my credit card information. So I tried again, and again, and again — each time something different — wouldn’t take my billing address; wouldn’t acknowledge the shipping address. I got so frustrated that I ...
U.S. markets tumbled on the release of December's jobs numbers as investors sensed the odds of further interest rate cuts have faded. But rates are still painfully high for Americans trying to buy a house, a car, or even a kitchen appliance. Mortgage rate...
“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...
This matters for how the economy is likely to perform after the shock subsides. In the case of the 2008 financial crisis, the nature of the recovery was very much constrained by what led to the crisis: the bursting of the housing and credit bubble left balance sheets damaged and ov...
One bad preliminary labor report and BAM, 50 bps cut. On the way up, they would have waited for 2 or 3 sequential reports before making a change in the rate. Nevertheless, we’re all monday-morning quarterbacking on their behalf, and it’s a t...