Top Finance Blog

The Federal Reserve today decided not to increase interest rates, saying they’re trying to help ease unemployment and stimulate the economy, which has stagnated. However, they seem to be upbeat that unemployment didn’t get worse, which I guess is a mixed blessing at best. That standards for how “well” the economy is going are so [...]

On Monday, the CARD Law of 2009 that was passed last May finally goes into effect, which is supposed to offer lots of protections to Americans that these greedy banks have been throwing at us. Well, at least things the law addressed before banks had time to change some things up before this law went [...]

Last June, I wrote a post asking if we really needed credit cards, and came to the conclusion that yes, we did. At least one credit card, since there are many entities that will require proof that it’s you via a credit card, or won’t hold something for you unless you give them a credit [...]

I don’t know why, but I’m almost insulted by this. It seems that not only are the rest of us worried about interest rate hikes, the banks are also worried about interest rate hikes. Why is that? Because it seems that while many people haven’t been able to take advantage of the interest rate decreases [...]

An article on the Wall Street Journal website titled Debt-Cutting Will Slow Global Growth prophesized that debt cutting efforts by the United States and other countries, and by all the consumers, will slow economic growth for many years, which wouldn’t be a good thing for most economies. It’s an interesting premise, and it makes a [...]

It seems 2009 was more memorable than anyone hoped it would be as it pertains to the housing market. A record number of foreclosure notices went out in 2009, and more are expected in 2010 to break 2009′s record; how scary is that? There were around 2.8 million foreclosure notices that went out in 2009. [...]

I know that some people believed I was sounding a very negative death knell against the credit card industry last year. I went fairly easy on American Express because, after all, it’s not associated with any banks and their practices, for the most part, have been pretty fair. But for everyone else who has a [...]