Winners of the Nobel prize in economics tend to sprinkle their papers with equations. Daniel Kahneman, who died on March 27th, populated his best-known work with characters and conundrums. Early readers encountered a schoolchild with an IQ of 150 in a city where the average was 100. Later they pondered the unfortunate Mr Tees, who […]
Cash News No one buys a home intending to lose it to the bank — but that’s what can happen if you default on your loan and enter foreclosure. With foreclosure, the mortgage lender can repossess your home and sell it to satisfy the remainder of your mortgage debt. Understanding how foreclosure works can help […]
At this point, almost everyone in global markets is familiar with the notion of higher-for-longer interest rates. Soon, they are likely to meet another concept as important for understanding central-bank policy: less-for-longer quantitative tightening (QT). This phrase describes how the Federal Reserve intends to continue reducing its assets to undo its huge bond purchases during […]
Cash News Buying a foreclosed house can be tempting. Foreclosed homes can offer steep price discounts, for one, and there’s often less competition for these properties — particularly if they require some repairs or updates before moving in. But buying a foreclosure isn’t the same as buying a traditional house, and there are some extra […]
In the days after the fall of his crypto exchange, Sam Bankman-Fried opened a Google Doc and began to type. Beneath the title “probably bad ideas” he listed potential strategies, which included coming out as a Republican and arguing that “SBF died for our sins”. Mr Bankman-Fried ultimately decided against both, but there is one […]
Cash News Certificates of deposit (CDs) offer interest on your money in exchange for locking up your funds for a set period of time. CD terms can range from one month to several years, and in many cases, they can offer better yields than high-yield savings accounts and money market accounts. That said, CD rates […]
Seventy years ago the Indian rupee was often found a long way from home. After India gained independence from Britain, the currency remained in use in sheikhdoms across the Arabian Sea. Until as late as 1970, some employed the Gulf rupee, a currency issued by India’s central bank. Source link
Cash News The Federal Reserve reduced its target interest rate in September. That means high-yield savings account rates, which have recently been upwards of 5% APY, are beginning to fall as well. In order to get the highest interest rate possible on your savings, it’s important to do your research and find competitive offers. Not […]
In “Permutation City”, a novel by Greg Egan, the character Peer, having achieved immortality within a virtual reality over which he has total control, finds himself terribly bored. So he engineers himself to have new passions. One moment he is pushing the boundaries of higher mathematics; the next he is writing operas. “He’d even been […]
Cash News Last month, the Federal Reserve lowered the federal funds rate. As a result, deposit account rates are on the decline. The good news: You can lock in a competitive return on a certificate of deposit (CD) today and preserve your earning power. In fact, the best CDs still pay rates above 4%. Read […]