For anyone keenly interested in the nation’s economy and financial markets, a full-fledged Federal Reserve meeting is a little like a present at holiday time. You’re not exactly certain what you’ll get, but you’ll have more than you had before. Whether the information is actually useful a year from now is uncertain. This week’s Fed
IMF director Christine Lagarde warns that “rising risks of deflation” could prove disastrous for the global economic recovery.
Managing risk is key in retirement, but low interest rates make that difficult.
On Friday, the equivalent of 15 percent of the world’s supply of mined gold was dumped.
In the unlikely event of deflation, would the widening gap between rich and middle class worsen? Let’s start with two tenets of deflation: The value of money increases as prices for goods and services drop. The value of a loan’s interest rate effectively goes up, since you are paying for an item (a home,
I just finished a story on deflation for Bankrate, it should be up next week. One thing I didn’t know about deflation prior to last week is that it can be very bad for investments. Obviously, I didn’t know a whole lot about deflation. In my defense, it’s a state of affairs that barely any