10-year mortgage interest rates in Denmark have hit -0.5% -- that is, the bank will pay to you borrow money. 20 year loans? Zero interest. 30 year loans now at 0.5% are headed negative. Translation: some people with a LOT of money think that we're heading for a depression so ferocious that they'll loan you money for 30 years at only 0.5%, just to lock in some kind of return during the decades-long bloodbath they foretell. (Image: Jimmy Baikovicius, CC BY-SA,modified) (Thanks, Kathy Padilla!)
"Proactive credit line increases" (PCLIs) are when your credit card company increases your credit limit without your asking for it; it was very common prior to the 2008 crisis, but the post-crisis rules largely put a stop to it. Now, banks have figured out regulatory loopholes that allow them to throw PCLIs at their most […]
Bernie Sanders commissioned the Government Accountability Office to study the consequences of the high degree of indebtedness borne by Millennials; the GAO's report concludes that Millennials dreams are being "crushed" by debts -- primarily student loans -- which have limited their abilities to seek good employment, good housing, and to save for retirement.
Modern Monetary Theory (MMT) (previously) is an alternative to neoclassical economics that holds that sovereign states that issue their own currency can't default on debts denominated in that currency (if you are the sole source of Canadian dollars and all your debts are in Canadian dollars, you can always pay those debts), and that deficit […]
Whether you’re managing a political campaign or building a client base, there comes a time when you stop seeing people and start seeing numbers. This doesn’t happen suddenly. You shake hands, make calls, and build relationships. And then those relationships disappear into a database of donors or customers as your organization grows. People get brought […]
Learning to ride a bike is one of those quintessential childhood experiences that’s as rewarding as it is scary. Prep your precious babe for success by starting them early with the world’s lightest balance bike, the Brilrider FLIGHT. For the uninitiated, balance bikes are no-pedal bicycles that propel forward by pushing off the ground with […]
With so many advancements in modern society, you’d think we’d have moved beyond the butane lighter by now. A pressurized, flammable gas, butane fumes can irritate your eyes and skin, can elevate your heart rate, and even lead to cardiac arrest. And we did mention that whole highly pressurized and flammable part, right? While certainly […]