Lower interest rates are a double-edged sword that hurts some even as it helps others, and there is no getting around that. An interest rate is a price, little different than the price for onions, gasoline or freelance newspaper columns…
Investor distaste for prepaid mortgages led to crisis
Our economy is reeling because many borrowers are failing to make their mortgage payments. This undercuts the value of mortgage-backed securities, which, in turn, threatens the solvency of large financial institutions. The irony is that the mortgage-related securities at the…
Surging food, fuel prices could inflation picture
Even economists experience sticker shock. I just bought one gallon of skim milk and one of 2 percent at the corner store. I do this regularly, but $9.14 for two gallons of milk still seems like a lot. I’m not…
Those who fail to read fine print shouldn’t cry foul
I’m not sure what happened to the legendary “prudent man,” but if he isn’t dead he must be lying in a coma somewhere. At least that would seem to be the case, from all the losers pointing their fingers at…