At first, when I heard that the government is considering to buy so-called “commercial paper,” my reaction was rage. But I’ve calmed down and thought things through a little bit. This might be a needed action on the part of the Fed.
But first, a brief tutorial:
Commercial paper is basically an unsecured loan that businesses make […]
I received this interesting question from a reader last night:
I’ve been hearing a lot about inflation lately. But now I’ve started to hear about deflation. What is deflation?
An excellent question! At its most basic, deflation is a fall in prices. It is the opposite of inflation. In the sense of this economy, deflation is most […]
Could dollar stores be headed the way of the dodo? It’s quite possible. One famous under $1 store has had to raise its prices. BloggingStocks reports that 99 Cents Only is upping its prices to 99.99 cents. It’s still technically under a dollar, but for practical purposes everything is going to be rounded up to […]
Right now, the big news is that inflation is at its highest levels in 17 years. There are a couple of ways to look at inflation:
As a rise in prices.
As a decline in the value of your money.
Either way, inflation has a very real effect on your personal finances. And it’s not just “regular folks” […]
The big news from the weekend is that the Senate passed the housing relief bill that has been wending its way through Congress for the past few weeks. And President Bush has promised to sign the bill into law, meaning that soon some folks will see some relief.
But the bill does more than simply bail […]
Today, Federal Reserve Chairman Ben Bernanke went before Congress and testified that economic risks remain. Indeed, departing from his usual, “the economy is on the road to recovery” line, Bernanke made it clear that he is uncertain about a great deal in the economy. He also pointed out that inflation is a very real concern. […]
This morning, Ben Bernanke delivered an address to an international monetary conference in Barcelona via satellite. His message was mainly one of optimism laced with caution.
One of his cautions was this: That inflation could be a self-fulfilling prophecy. Yahoo News reports on the idea behind inflation as self-fulfilling:
If consumers, investors and businesses believe inflation will […]
I expect to see more questions for the Ask the Piggy Bank feature as we head into continued economic uncertainty. Today’s question, which is especially timely, is this:
What is stagflation?
This word has been floating around for a few weeks, but it’s really becoming prominent as Fed chair Ben Bernanke denies that it is happening. Here […]
When we think of inflation, we often think of rising prices. But Natural News offers an interesting alternative look at inflation:
Most people think the word inflation means rising prices. But the precise definition of inflation is an increasing supply of money which results in the appearance of rising prices. In real terms, prices have not […]
Even with falling home prices, housing affordability remains an issue for some in the middle class. Inman News reports on housing affordability:
Workers in the five highest-growth occupations — including registered nurses, retail salespersons, customer service representatives, food preparation workers and office clerks — cannot afford to buy a typical home in most of the 201 […]
Taking finances personally
Written by Miranda Marquit [email] for b5media.
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