The prime rate is the best interest rate that major banks extend to their borrowers with the best credit. Find out how the prime interest rate affects you.
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Mortgage Interest Deductibility Should Be Eliminated! Here’s Why (+3K Views)
“Buy as much house as you can,” real estate agents urged clients. “The more you buy, the bigger your tax break” is their advice using the mortgage interest deduction (MID) to explicitly promote over-investment in housing. Unfortunately, such advice fueled the previous housing boom and exacerbated its bust and could do so again.
Read More »How Come the U.S. Gov’t Paid Less Interest Expense On $3T More Debt?
How did the U.S. Government get away with paying less interest expense on $3 trillion more debt?? Here's how.
Read More »What Are the Implications of Long-Term Rates Dropping To 0%?
Please take or leave what I am about to say as you like.
Read More »A Reminder Of What Usually Happens to Stocks When the Fed Raises Rates: Ouch! (+4K Views)
I know, I know, no one likes the bearer of bad news — especially when it comes to stock prices - but someone needs to remind you what usually happens to stocks when the Fed raises rates so it might as well be me. They drop. Let me explain.
Read More »Compound Interest Is Absolutely Critical To Growing Your Wealth – Here’s Why
Albert Einstein once said that compound interest is the eighth wonder of the world yet, sadly, many people do not fully understand the power behind it. If they did, they might make smarter financial choices and see their finances improve almost immediately. In this post, I’ll walk you through the basics of compound interest and show you why you need to start taking advantage of its amazing power.
Read More »Prepare Your Portfolio From Coming Interest Rate Rises & Global Debt Bubble Collapse – Here’s How (+3K Views)
Savers and investors alike need to begin to prepare their portfolios for interest rate rises against a backdrop of crisis-triggering debt levels and unproductive economies. Here's how.
Read More »What Lower Tax Rates Would (and Would Not) Mean For the U.S. Economy (+2K Views)
The media is full of stories claiming that lower tax rates will cause a huge and damaging increase in the federal deficit and will fail to stimulate the economy. Here are 10 charts which show that those claims are not backed by historical experience.
Read More »Was Fed Decision To Leave Interest Rate Unchanged the Right Call? 2 Opposing Points of View
The Federal Reserve has decided to leave its target interest rate unchanged at a range of 0.25% - 0.5% while suggesting that a hike later in the year was very likely. This article presents the differing points of view of two former Fed officials as to whether it was the right call or not.
Read More »Gov’t Bond Market Still A Raging Bull Even With Negative Rates A Possibility – Here’s Why
Although low to negative interest rates could persist for years, odds are the current low-yield craze won’t last a full 30 years. Therefore, at some point down the road, today’s buyers of 30-year bonds will likely wish they had parked some of their savings in physical precious metals instead.
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