Economics and Currencies on BestCashCow - economy, recession, dollarBestCashCow | Making You Money: financial news, financial products, financial tools
The sub-prime crisis and the credit crunch are about the failure of a lending system creating by Wall Street. Instead of banks keeping loans on their balance sheets, they pooled them and sold them...
Here's an interesting one sent to me from Everbank. They have a new CD product that consists of currencies from countries that have strong balance of payments and positive trade deficits.
Robert Schiller just published an interesting article in the NY Timers on why human beings, and especially top economists miss diagnosing a market bubble until it is too late. The answer shouldn't...
America has by far the widest income distribution. The average American income is around $33,000 with the top 10% (or decile) of earners having an average $87,257 of disposable income, while those...
The problems with Fannie Mae and Freddie Mac are one other example of how the old financial system is collapsing. The result will be higher rates for everyone and sinking home prices.
Despite global economic woes, one positive aspect for main street America has been the relatively rapid rise of the US dollar in the last 3 months. The dollar index (DXY), a measure of the...
Article provides some similarities between the government's response of the economic problems in 1929 vs. today. These included:
"promise from Congress to offer bipartisan support for a tax-cut...
Audio of my interview with Chuck Butler covering the dollar, the economy, attractive foreign currencies, and an easy way to invest in foreign currency.
In this Wall Street Journal interview, a foreign currency analyst discusses why he thinks the dollar will bounce between 7-10% in the short term. The bottom line: weaker oversees growth.
This...
In the past year, the market's fall has at times rivaled that of 1929. Are there connections or similarities between those earlier national traumas and our current crisis?
The U.S. economy has all the ingredients—slowing job and wage growth, slack consumer demand—for a deflationary cycle, without strong financial markets to cushion the blow.
It seems like it...
Mark Cuban makes some good points in his blog about our current financial mess:
The beautiful thing about this country is that we like to work hard, and we like to take chances. Unfortunately,...
The ticking time bomb of overpromised, underfunded public pension plans has finally exploded. 40% of pension plans are underfunded and that assumes future returns of 8% annually.
If this happens...
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