The New York Stock Exchange took a stumble this morning to the tune of almost 500 points. Enough in fact to get the Fed’s to lower interest rates .75% in an “emergency” meeting. The markets have leveled off for the most part, with even a few heavy gainers including Lowes and Home Depot. Could speculation […]
With the recent close of NetBank, I wonder if the FDIC limit is too low? Apparently there was a combined loss of over a million dollars by the members. With inflation over the last few decades, is a $100k limit by FDIC too low? Technorati Tags: NetBank, limit, FDIC
Well, it looks like it finally happened. Not only is the Euro worth more than the American dollar, but now the Canadian dollar is worth more too. Thanks, G.W.
I’m having a hard time beleiving that the economy is going to be OK with stories like these popping up lately: A rush to pull out cash Hopefully this doesn’t cause a surge at other banks… Technorati Tags: economy, banks, news
Everyone complains about how expensive bottled water is and what a rip off it is. That may be true but let’s consider the logic behind it: Bottled water is for the most part distributed by soda bottling companies – if bottled water was cheaper than soda it would take away from their other products and […]
With more and more people using debit cards exclusively these days, myself included, there comes more problems. I’m starting to see more and more stories of people either being overcharged or having holds placed on their accounts for various reasons. Here are some of the downfalls I’ve seen of using debit versus credit cards: some […]
Most people know that there are limitations set as to how far back a crime is punishable (except murder), but did you know there are similar statutes set on debt repayment? Here is the list for all states and what their limits are according to debt type. Remember that all knocks on your credit report […]
Whichever side you are on about the minimum wage increase, this graph depicts a startling tale. Notice how inflation has kicked minimum wage very hard the last few decades? Scary stuff… Technorati Tags: minimum wage, graph, inflation, economy
Teenagers today think that they are going to make quite a bit of money. The average teenager believes that they will be earning an salary of $145,000 a year. Boys believe that they will be earning a salary of $173,000 per year while girls believe they will be earning $114,000 per year. This despite the […]
I really need to close some of my checking accounts. I think I’m up to 5 already. I accumulated them while growing up and moving from bank to bank without every closing the last. One account I moved on because they sent me a letter by mistake, telling me they were going to start charging […]
Jon Barnhardt
