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In a sign that this huge recession, the biggest in our lifetime, may be coming to a (slow) end, apparently consumers are starting to buy the higher priced items that are available again. High end stores are starting to see their patrons buy the higher priced items rather than the very lowest price point, [...] In a landslide vote in congress, retailer’s previously unheard cries against the credit card industry for charging high fees on each credit card transactions, finally won the approval of congress and passed in a victory for retailers. What exactly were they objecting to? You may not know this, but every time you swipe [...] As you are well aware now, there has been a rampant fear that we will return to our former state of economic disarray that happened in 2008. This quick unraveling of the equity markets and the housing market really damaged our investments. Many people lost 50% of their retirement accounts, further adding to a [...] I’ve been reading a lot about something that honestly troubles me greatly about the future of our still-fragile economy. It’s the derivatives market. Up until a few months ago, I, being a novice investor and person of modest financial means, was blissfully ignorant of what something called a derivative is. I still honestly [...] Your credit history and credit score is one of the most important “ratings” you will ever receive in your life. Why? Well, becaust it gives you the ultimate purchasing power to buy high ticket items like homes, cars and other high cost investments and even some fun stuff, at that lowest rates possible. [...] Well, we had a terrible shock this past Thursday when the stock market plummeted by 1,000 points within a record breaking time period. I’ll remember this for a long time to come, because I monitor the stock market pretty closely when I am at work, switching to the Yahoo Finance page fairly often while [...] |
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