Interest rates have been at record lows for a while. Actually, they are near zero and have nowhere to go but up. For illustrative purposes, a graph of the 30 year fixed mortgage rate shows that we have gone a long way since the 1980s when the rate was upwards of 17.5%. (Source: Yahoo...
Read more →
By now, you probably have a good idea as to what is sequestration. There are however several common myths about the sequester. Here they are: 1. Sequestration is a one-time budget cut. Myth. “Sequestration” is actually series of automatic, across-the-board spending cuts to federal government agencies that are scheduled to take place in fiscal...
Read more →
So by now, most of you have probably already opened your first paycheck for the year and were unpleasantly surprised by the decreased amount of your take-home pay. In case you were living under a rock for the past few months, here is what caused the tax increase. Well, it is not really an...
Read more →WHY IT MATTERS: Europe’s Economic Crisis.
Read more →It has already been almost four years since the beginning of the Great Depression in 2008 and the economic reports do not seem to get more encouraging. Actually for a while we were feeling hopeful that a recovery is well on its way when towards the end of 2011 and into the first quarter...
Read more →