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  • Washington Hits the $16.7 Trillion Debt Ceiling with $300 Billion in New Debt


    Authority Authority:
    On May 19, the United States hit its debt ceiling after adding $300 billion in more debt since lawmakers suspended the ceiling in February. But the cash won’t run dry until at least Labor Day, according to Treasury Secretary Jack Lew , whose department can employ a variety of cash management tools to continue ...
    3 days ago
  • Guest Post: Is Present Monetary Policy Rational?


    ZeroHedgeAuthority Authority: 722
    Submitted by Detlev Schlichter of DetlevSchlichter.com , While the stance of monetary policy around the world has, on any conceivable measure, been extreme, by which I mean unprecedentedly accommodative , the question of whether such a policy is indeed sensible and rationale has not been asked much of late. By ...
    1 week ago
  • Payday Loans in the Line of Fire: CFPB


    Authority Authority:
    It promised to crack down on the expensive payday loans and the companies that provide those types of services. It now appears the Consumer Financial Protection is doing just that very thing. The post Payday Loans in the Line of Fire: CFPB appeared first on MarketProSecure.com .
    1 week ago
  • Small Businesses Cut Back on Borrowing As Fed Promises More Purchases


    Authority Authority:
    May 1st, 2013 @ 10:54 PM by Amber Nelson U.S. Small businesses are borrowing less, according to a leading Index, a disappointing sign for the economy in the next few months. The Thomson Reuters/PayNet Small Business Lending Index, a measure of total financing to small U.S. Firms, fell to 98.5 in March from 105.4 ...
    1 week ago
  • John Chiang: California’s books still look good


    Authority Authority:
    California took in $15.03 billion in revenue in April – $119.9 million short of estimates, but still leaving the Golden State in relatively solid financial condition, state Controller John Chiang reported today. Total revenues for the first 10 months of the fiscal year exceeded Gov. Jerry Brown’s January ...
    2 weeks ago
  • Overall Borrowing Sees Uptick; Credit Card Debt Falls


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    View full post on Collections – Credit Card Consumer borrowing rose $8 billion in March from February to $2.81 trillion, the smallest uptick in eight months, according to the Federal Reserve’s G.19 report released Tuesday. The post Overall Borrowing Sees Uptick; Credit Card Debt Falls appeared first on ...
    2 weeks ago
  • Credit unions pool resources to attract more customers


    The Guardian - guardian.co.ukAuthority Authority: 986
    Expansion project sees 31 credit unions offer faster and more efficient services with better rates and returns More than 30 credit unions have signed up to a "landmark" expansion drive which will save consumers up to £1bn in loan interest repayments in the coming years. The government has previously agreed to ...
    2 weeks ago
  • News from Loans: Angels & Aristocrats at Auckland Art Gallery


    Authority Authority:
    Back in August 2012 I alerted you to the glorious exhibition titled Angels & Aristocrats. The exhibition, curated by Mary Kisler, celebrates the rich variety of early European art collected by New Zealand’s public art galleries since the 19th century.  Te Papa is one of those institutions that lent paintings to ...
    2 weeks ago
  • Mortgages Slightly Easier To Get For Prime Borrowers, Still Tough For Subprime Applicants


    ConsumeristAuthority Authority: 648
    ( RAWRZ! ) Ten years ago, a potential home buyer could walk into a Countrywide office and get pre-approved for a half-million dollar home loan based on a bank statement written in crayon on a restaurant place mat and a pinky swear that the loan could be paid back. We all know too well the results of those lax ...
    2 weeks ago
  • 7 things you should know about low doc loans


    Authority Authority:
    Low doc home loans have taken the whole world by surprise lately for the ease with which they can be availed by anyone in need. Due to the reduced amount of documentation work required in accessing them such loans have become extremely popular with borrowers. Something that could be termed as a revolutionary ...
    2 weeks ago
  • 1980s Economic Miracle?


    Authority Authority:
    If you read my previous post, the 1980s look like a roughtime. But, as with most periods - look at them in a different light and thecomplete opposite can be argued. Thatcher had other aims whilst in power:reducing state intervention, allow market forces to do their thing and curbTrade Unions. The year she came to ...
    2 weeks ago
  • 9.5 million people have left the workforce under Obama


    Authority Authority:
    BLS Labor Force Participation April 2013 CNS News explains the real state of the work force in America. Excerpt: 9.5 million Americans have left the workforce during the presidency of Barack Obama, according to the Bureau of Labor Statistics. In April, the total number of Americans counted as “not in the ...
    2 weeks ago
  • How to Borrow Money and How to Repay Borrowing and How to Avoid Borrowing


    Authority Authority:
    In the United Kingdom the Bank of England base rate is a mere half of one per cent, the lowest it has been in modern economic times. If you deposit money with a large bank or institution you will get a rate of interest tied to that half per cent; it may be a few points higher or a few points lower, depending on how ...
    2 weeks ago
  • Customer Wins Arbitration Against Ameriprise


    Authority Authority:
    On April 16, 2013, a Financial Industry Regulatory Authority (FINRA) arbitration panel in Los Angeles, CA, ordered Ameriprise Financial Services, Inc. and broker Yousef Jamshidipour to pay a customer compensatory damages of $66,356, plus interest, mediation fees and expert witness fees. The panel denied the request ...
    3 weeks ago
  • Bookish Topic Tuesday – To Read Piles


    Authority Authority:
    Bookish Topic Tuesday To Read Piles/Lists Yes, I am well aware that this in fact isn’t a Tuesday (though it still is in some parts of the world!), I was just so engrossed in The Great Gatsby that I actually … Continue reading →
    3 weeks ago
  • Recipes: To tweak or not to tweak?


    Authority Authority:
    There are, as we all know, and broadly speaking, three kinds of cooks. There are the Deliacolytes who follow recipes so closely that they leave streaks of snot on the page. There are those – most of us, I’ll say – who’ll have a look at a recipe and vaguely follow it here and there but largely end up with ...
    3 weeks ago
  • [2681] Government debt cut reduces borrowing cost in the economy


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    Here is an interesting paragraph which describes how a cut in government debt can lead to lower borrowing cost in the economy: A decrease in the supply of government debt has forced some money fund managers and cash investors to scramble for alternatives. Higher demand for commercial paper, repurchase agreements and ...
    3 weeks ago
  • Squee Spree Winner: Borrowing Owls


    Fail DogsAuthority Authority: 153
    The results are in and the tiny Borrowing Owls won. Check back next Friday for another round of voting! Squee! Spotter:Unknown (via Thebirdersreport ) Tagged: borrowing owl , squee spree Share on Facebook
    3 weeks ago
  • Just Say Nein: Bundesbank Rejects OMT (Again)


    ZeroHedgeAuthority Authority: 722
    The last few minutes have seen markets taking a decidedly negative stance. Led by FX carry, risk-assets in general are rolling over. Some attributed it to Bernanke waking the devil from his slumber:  *BERNANKE SAYS VULNERABILITIES REMAIN IN FINANCIAL SYSTEM but it appears that the decision of Germanys Top court ...
    3 weeks ago
  • Dealing With Depressing Finances Through A Reliable Payday Loan Provider


    Authority Authority:
    Where instant cash is the need, payday loans Orlando FL are surefire answers. No one can predict what the future holds. The ebb and flow of everyone’s finances is as fragile as the unrestored condition of the global economy. And though it pays a lot to stash in some cash each time you get your paycheck, there are ...
    3 weeks ago

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