Category: Blog Articles
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Digital Currency Scams Hit the Internet
If a new financial trend woos consumers, can scam artists be far behind? As the Bitcoin and other digital currencies are alternately hailed as striking a blow for financial independence, or a tool for cybercrime and corruption, new scams are popping up that highjack the accounts of those who use high profile internet exchanges like…
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Can Scarcity Thinking Sabotage Success?
Can you really attract wealth just by changing your thoughts, as promised by self-help gurus everywhere? Though it seems that those self-proclaimed experts are attracting their own wealth just by persuading you that it’s true so you’ll buy their courses and books, psychologists and life coaches say that limiting beliefs you may not even be…
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The Federal Reserve Faces Critics At Home and Abroad
The Federal Reserve’s brand new leader has a lot on her plate. As the nation’s central bank takes the first steps toward tapering down its massive stimulus plan, it faces not just criticism from emerging markets around the globe but also from financial experts at home, who worry bout the Fed’s long-term stability. A few…
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Boreas and Friends Take a Toll on the Economy
Boreas, Cleon, Electra . . . the newly named winter storms marched across the northeastern US earlier this winter in quick succession, leaving behind frigid air, paralyzed cities, and economic consequences that proved costly for some, lucrative for others. And the result is a mixed picture for employment, construction and the big indicator of economic…
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Stress Can Derail Financial Success
Medical professionals have been saying for years that stress can take years off your life. For a number of financial professionals, that may literally be true, as a string of suicides and other mysterious deaths rock the international banking community. The world of finance is a high stress, high stakes place – and new studies…
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Banks Settle Up In Insurance Rate Fixing Suits
In the seemingly never ending saga of legal actions against the nation’s big banks – and sometimes their foreign counterparts as well – the action usually plays out on a government stage of the highest level, with lawsuits brought by state officials or the Justice Department itself. But a recent lawsuit discreetly settled by Bank…
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Is Insurance an “Investment?”
Insurance policies may protect assets in the event of a catastrophe, but are they — as insurance companies would have it – a real investment? A new Forbes business report reveals that while insurers sell policies as sound investments in the future, they’re actually using the premiums paid by worried — and trusting – policyholders…
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Can The World Have Too Many Currencies?
While the Bitcoin continues to grab headlines for reasons good and bad, other digital currencies are quietly staking their own claim in the international money markets. As it’s becoming clear that virtually anybody can put a digital money system in place, economists and financial experts worry about the impact these upstarts could have on the…
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Is Digital Currency Real Money?
Banned by governments, implicated in drug market money laundering and welcomed worldwide to buy big and small ticket items, the Bitcoin is paving the way for new ways to by and sell that are far removed from the traditional models of money. But the jury’s still out on whether it can behave like “real” money…
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Loan Fraud Cover-ups Affect the Economy
Another day, another bank fraud settlement. JP Morgan Chase has just agreed to pony up $614 million in the latest round in the Justice Department’s ongoing effort to clean up the fraud and deceit in the nation’s lending industry. And whether you’re looking for a mortgage or not, the big banks’ longstanding patterns of deliberate…