A few weeks ago I went with my fiancée to buy a new car. While figuring out which model would be most economical, I reminded her to factor in an increase in insurance rates, something that had happened to me the previous year. The salesman said that might not be true. Turns out he was right.
If you are making the comparison of renting versus buying a home, you need to consider all the factors. If you do a quick search online, most of the resources available will only look at mortgage payments, taxes, insurance, and maybe homeowner’s association (HOA) fees. However many of them will not discuss and outline the “other costs”. These are costs such as landscaping, snow removal, home furnishings, repairs, maintenance, replacements, and renovations. These “other costs” can add up to a lot over time.
There’s never just one cockroach. If you see one in the open, you know many more are still hiding. Call the exterminator. This time-honored rule also applies to banks.
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I’m on my way to interview Joseph Stiglitz, economic guru of the political left, about his latest book, The Euro and its Threat to The Future of Europe. Waiting in the reception of Penguin Books, I notice on display an early, Penguin “classic” edition of George Orwell’s 1984.
UBS thinks the risk of a stock market crash is growing. The era of cheap debt and plentiful liquidity is slowly drawing to an end, according to a team of UBS analysts led by Paul Winter, making it harder to use credit to juice corporate profits.
After a recent hack resulted in the theft of $70 million worth of bitcoin, Hong Kong-based Bitfinex caused a minor panic when it announced it would spread the losses equally among all its customers, even those whose holdings weren’t touched.
Many people today don’t often use coins or paper money anymore, preferring instead the convenience of a credit card, debit card, or even a smartphone. But the history of currency in the United States is actually (surprisingly) very fascinating.