Considerations

Just in case you need another rea­son to hate banks, Alter­Net reports on a sneaky prac­tice that has hurt untold num­bers of Amer­i­cans before and dur­ing the finan­cial cri­sis who have needed good finan­cial advice and finan­cial help: One of the most per­ni­cious of these preda­tory prac­tices is the over­draft fee. It’s one of the […]

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Now New York Times colum­nist Paul Krug­man rec­og­nizes the dan­ger of U.S. defla­tion and that the econ­omy needs finan­cial help and finan­cial advice: …infla­tion is far below the Fed’s pre­ferred rate of 1.7 to 2 per­cent, and trend­ing steadily lower; it’s a good bet that by some mea­sures we’ll be see­ing defla­tion by some­time next […]

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Amer­i­cans have cut their level of revolv­ing consumer-credit (most of which is credit cards) by 13% since the end of 2008, accord­ing to the Fed­eral Reserve and FDIC. But when one looks deeper, the news is actu­ally bad since it looks like more peo­ple will need finan­cial help and finan­cial advice: Dur­ing the first quarter […]

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Fan­nie Mae recently sent a warn­ing to home­own­ers that use a “strate­gic default” strat­egy as a form of finan­cial help — namely, stop­ping all mort­gage pay­ments and mail­ing the keys to the bank because they have neg­a­tive equity in their prop­er­ties (via CNBC): Default­ing bor­row­ers who walk-away and had the capac­ity to pay or did […]

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Fareed Zakaria notes another impor­tant — and rarely dis­cussed — rea­son for the cur­rent eco­nomic cri­sis, namely that busi­ness are tak­ing finan­cial advice to hoard cash for finan­cial help for them­selves: The Fed­eral Reserve recently reported that America’s 500 largest non­fi­nan­cial com­pa­nies have accu­mu­lated an aston­ish­ing $1.8 tril­lion of cash on their bal­ance sheets. By […]

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If you are a com­pany whose main oper­a­tion is to loan money and earn inter­est on the debt, you will still need some finan­cial help and finan­cial advice. The Econ­o­mist cor­rectly pre­dicts the eco­nomic future of the United States and the West­ern world, and it is not good: Rich-world coun­tries now face two sets of […]

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