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 […]
With more and more companies moving all their operations into the cloud, the need has never been greater for those with the skills to map exactly how an organization reconstitutes itself in that new environment. Network architects responsible for determining all the communication, storage, and infrastructure needs of an expansive organization are among the most […]
Even after months of working from home, you’d be forgiven for thinking the whole experience still doesn’t quite feel…well, normal. In addition to all the obvious environmental changes of handling your 9 to 5 from your den or dining room table, the technological aids you didn’t realize you loved back at the office probably don’t […]
Running a small business drops a lot on to the plate of just one person. And between juggling a dozen tasks that need to get handled daily, it’s no surprise that there are a dozen more equally vital tasks that can just as easily go overlooked. While posting to social channels and making web posts […]