Along with the bond sell-off recently, financials have had a huge run-up in the month since the election, up >20% from 11/4/2016 – 12/13/2016. At first glance, these two seem intricately linked, as higher interest rates may help the earnings of financials in general. Higher interest rates, however, do not necessarily mean there will be […]
At the end of last year, I stated that I wanted to pay down ~$34,000 in consumer debt (outside of my mortgage). I am writing today to report on both a level of success and a switch in strategy. How am I faring? In short: decently. I am not currently on track to hit my […]
Last October, I mentioned that I had finally hit a net worth of zero, celebrating the occasion of being officially worthless. At that point I mentioned that my next step was to buy a house. I can now say that I finally did get down and buy a house, closing on June 13th). I started […]
We’ve got a treat for you today – a spiffy graph we created with Google Drive (née Documents). Thanks to comments from fellow Burbed commenter SEA on this article, we decided to take another look at the relationship between mortgage rates and home prices. Thought we did it once before? Not quite – we had […]
A lot of recent financial news has focused around the spreading European sovereign debt crisis. The big question many Americans now try to answer is what this means for them on a day-to-day basis. At the same time as this is happening, the Fed has declared that they will endorse a policy of more transparency, opening up their forecasts to scrutiny and understanding.
Even though I lifted the moniker from this article on CNN Money, the scare quotes are appropriate. I’ve written about the Credit Card Act of 2009 and its unintended consequences. Lucky for you, the law is starting to bear fruit. We’ve seen issuers who offer cards with 79.9% interest rates, at least this article features a few cards with redeeming qualities. Anyway, you can tell the title is a bit tongue in cheek, but let’s tackle the features in the three cards shown.