Articles
Selected category: US Govt and Economy
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What It Will Take to Get This Economy Moving and Implications for Savers and Borrowers
The Fed said today that the economy is growing below expectations. That's no big surprise. What it will take to turn the economy around and what this means for savers and for borrowers.
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Greenspan Says Greece Default Likely; May Push US Back Into Recession
Former Fed Chairman Alan Greenspan said that a Greece debt default is "almost certain", something that very well could push the stumbling US economy back into recession.
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Tired of Carrying Around Your Wallet? Google May Have a Solution
Google announces Google Wallet, so that your phone can become your wallet - only smaller.
Read →The circumstances of Dominique Strauss-Kahn's arrest in New York on May 14 are so incredulous and would be so easy to put in place by an adversary that it is quite possible that he was set-up.
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Jobs Report Good; Fed's Narayana Kocherlakota Says Rates Could Start Moving Up
The Labor Department job's report came in above expectations with nonfarm payrolls rising by 216,000 last month. The economy is now growing and several Fed Presidents have come out and indicated that they believe interest rates may need... Read →
Federal Reserve Leaves Rates Unchanged - Economy on Firmer Footing
The Federal Reserve today voted to keep rates pegged at 0 - .25%, offering little hope to savers but more good time for borrowers. The Fed's statement did contain some signs of hope though.
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The Impact of the Japanese Earthquake and Tsunami on US Savings, CD, and Mortgage Rates
The Japanese earthquake and tsunami are terrible humanitarian disasters. In today's global world, events in one country can quickly impact everyone. Just as the tsunami waves impacted the West Coast of the United States, it is worth pondering what the disaster's ripple effect will be on the US economy and rates.
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Inflation Likely to Remain Low Through 2013 According to Bernanke
In testimony before the Senate Banking Committee in Washington today, Fed Chairman Bernanke said that inflation was expected to remain low through 2013, despite the recent run-up in oil prices. That means bank rates will also remain at... Read →The 10 year Treasury rate fell to 2.82% today, a 16-year low before closing at 2.83%. That means that 30-year mortgage rates will continue to drop, potentially moving under 4.50%.
Read →Spain has just suffered an extraordinary 1-0 defeat at the hands of the Swiss in its first game of the World Cup.
Read →As much as a having the physical gold may make one comforted, it poses a ââ¬Ëdisposalââ¬â¢ problem.
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The Euro Can Go Much, Much Lower from Here
A lot of so-called experts are saying that the Euro cannot fall below the current $1.20 to $1.25 range. They are wrong.
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As Of 12:01 AM Today, Short Selling Is Banned In Germany
Stocks, bonds, everything--you can no longer short it in Germany. What does this move mean for you?
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Ireland's Tragic Mistake
Economists are saying that Ireland's just shot itself in the foot and added a new vowel to the growing lineup of SUKPIG nations.
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