One of the most disturbing things I hear often is the statement being made by people:

My Credit Score Went Down, But Who Cares?
This cliche phrase sounds more like saying “Hey, we are all going to die some day” and “I am waiting for Govt. to bail me out.” Although there is some degree of truth in those sentences but at the end of day it amounts to denial of responsibility.

A list of All Credit Cards in USA

I spent last few days learning about mutual funds investments. I can sum up here what I have learned from different sources about the basics of these kind of investments. Mutual Funds are far better than investing in individual stocks. You should chose the later kind of investment only if you have time, energy and required level of understanding of stock markets and the underlying fundamentals.

Is the world heading toward a zero rate policy? This question is being asked by hundreds of economists and businessmen. As evidence of deep recession is unfolding, bankers and economists are predicting that UK interest rates can hit zero any time now. The Bank of Japan’s decision to lower its key policy rate to 0.10 percent from 0.30 percent followed by US Federal Reserve Bank’s dramatic move is more proof to that fact that world is heading toward a global flat zero interest rate.

The United States Federal Reserve says it will use “all available tools” to restart economic growth. The central bank’s main interest rate is now the lowest in its history. This week the Fed cut its target rate of one percent for overnight loans between banks to a target range of zero to one-fourth of one percent. The Fed based its decision on weakening economic conditions.

Our economy has been all over the news lately. Whether it be Fannie Mae and Freddie Mac, AIG or the Lehman Brothers, we seem to be in a financial world of hurt. This led us to wonder, how would the economy affect America’s favorite board game, Monopoly?

It is now fairly established that the recent crisis in US sub-prime housing market is the primary reason behind the global economic melt-down. In order to fully understand the dynamics and depth of current global recession, It is very important to know what led us to this crisis. I have found the illustration below very thought-provoking and useful. It helped me explain the reasons effectively.