- Apr 15, 2013
- 2 min
Lost decade for savers?
Bloomberg Businessweek last week published a good story (http://www.businessweek.com/printer/articles/73326-a-lost-decade-for-savers) about a potential lost decade for savers: ... when the Federal Reserve comes out and commits to buying hundreds of billions in mortgage-backed securities, it is explicitly prioritizing the interests of borrowers—borrowers who keep seeing record-low mortgage rates. Where does this leave an elderly couple that was banking on income from their lad
- Apr 13, 2013
- 2 min
LIBOR scandal explained
Now that CEO’s heads are rolling and politicians are shouting, it may be a good time to explain what the Libor scandal is all about! LIBOR (London Inter-Bank Offered Rate) rates are calculated daily for different currencies (USD, Euro, Yen, etc.) and maturities ranging from one day to one year. They are widely used as global benchmark for short term interest rates. Supposedly, they should represent the prevailing interest rates at which banks lend to each other. A select numb
