It should not be surprising that with little in the way of positive economic news issuing from Washington that the mood on Wall Street remains decidedly black. The pessimism of many investors is just a sign that there is little trust in the promises coming out of the nation’s capitol. more Read More →
When it comes to debt management, one thing a lot of people have trouble with is the concept of debt vs investment. One reason for this might be the traditional terminology of bad debt and good debt. Certainly, this is a valid concept, but nowadays the term “debt” is just too encroached with... more
The financial situation for banks continues to be volatile, and the situation they face has caused them to reduce their mortgage rates again, for the sixth consecutive week. Now, the rates sit at their lowest level in over several months, which have spurred an interest in homeowners wanting to apply... more
Swarthmore College is joining a nationwide trend in erasing student loans from its financial aid offers. Beginning next school year, loans will be replaced by scholarships at Swarthmore. The change is likely to affect more than 700 new and current students. That’s half of the school’s enrollment.... more
American consumers appear to be engaging in some binge borrowing. The Federal Reserve reports that consumer borrowing increased at an annual rate of 7.4% in November. That’s much higher than the 1% increase reported in October. The segment of borrowing that includes debt from credit cards skyrocketed... more
The subprime mortgage mess is taking its toll on the nation’s investors. Financial experts say that fixed income investors have seen their share of losses this year because of the precipitous decline in the subprime mortgage market. At the same time, defaults on car loans appear to be rising,... more
The Federal Reserve Board has once again tried to ignite a sputtering economy by cutting interest rates. The Fed has decreased the federal funds rate, the rate that banks charge each other for overnight loans. The rate cut marks the third one for the Fed this year. It follows a nationwide housing crisis—the... more
Consumer advocates are leading the charge for a federal bailout of the troubled housing industry. The housing market has been in free fall for many months, the result of plunging home prices and sluggish sales. It’s also become increasingly difficult for prospective homebuyers to purchase houses... more
Summer 2007 may be remembered in economic circles as a time when new concerns were voiced about those handy debit cards that are appearing in just about everyone’s wallets. Research indicates that consumers are often opting to pay for their purchases with debit cards rather than credit cards. ... more
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