Money is a token that functions as a medium of exchange that is commonly accepted as payment for services or commodities, including repayment of debts. Another property of money, that distinguishes it from other...
Finance pertains to the creation, management and study of money, credit, banking, investments, taxation, assets, and liabilities. These financial transactions occur in public, private, as well as government financial systems. The three general divisions...
Investment markets got you down, Bunkie? Been blown away by derivative stun guns? When will portfolio market values move back to 2007 levels— and then what will you do about it?
Far from being impractical, Buffett’s success suggests—or even proves—that the only practical way of making money is to do a handful of straightforward things and keep doing them for decades.
Everyone I know is sick of this recession, and sick of hearing about this recession. For one, the media’s attention to the global financial situation is depressing. But as many have pointed out, we are in this situation because of our own devices.
While everything is down in price, as it is now, there is actually less to worry about. When the going gets tough, the tough go shopping.
Citigroup became the latest bank to post better than expected results for its first quarter. The bank on Friday said net income of $1.6 billion, compared with a loss of $5.11 billion in the quarter a year ago. Citigroup’s problems are far from over, but it had its best quarter since late 2007.
In light of the current Keynesian-style government fiscal stimulus measures introduced to try to tackle the economic slowdown, the series looking at economic theories within the context of the present situation examines the work of Jean-Baptiste Say and classical economic theories.
Economy Is Really Bad
Well the stimulus package is finally finished. A tough new bank-rescue plan to boost lending and limit outrageous pay are part of President Obama.. Even troubled homeowners may even get some relief. All said and done, the government could spend more than $3 trillion to help end the recession.