Financial Discussions

The Eight steps to economic recovery are…
1. Government increases spending. CHECK!
2. Stock market rises. CHECK!
3. Bond yields rise. CHECK!
4. Consumer spending stops falling or begins to rise. Sort of CHECK!
5. Housing market begins to recover.
7. Interest rates increase.
8. Unemployment returns to normal.
This is what the consumer price index looks like right now.

Here is the 12-month [...]

Most people think that they understand interest rates, when in reality they do not. The interest rates you receive at a bank is more than just a number. They are extremely important, and without interest rates our economy would be more of a roller coaster than it already is. In economic terms, the interest rate [...]