A debt ceiling controversy could erupt by November 3rd when Jack Lew says the U.S. Treasury will need to borrow to meet its spending obligations.
Financial Markets
The Connection Between Your Credit Score and Your Love Life
Because credit card scores predict trustworthiness and financial distress, they indicate whether a co-habitation relationship will be long lasting.
Part 1: Understanding the Student Loan Crisis
The characteristics of the student loan crisis include a high default and delinquency rate, huge amounts of money and a personal and macroeconomic impact.
Next Week’s Budget Problems
Always contentious, the federal budget needs to be approved by October 1st or a continuing resolution needs to enable discretionary federal spending.
Why a Life Needs a Price Tag
Although it seems callous, for safety regulation like speed limits and for victims’ compensation like 9/11 we need to quantify the value of a life.
Using a Fat Tail to Describe Stock Market Risk
When the unexpected occurs and changes our view of stock market risk, we call it a black swan or fat tail because it is far from the mean of a bell curve.
Some High Speed Trading History
Depending on how fast news travels, high speed trading can be done through homing pigeons or computers but both have created information asymmetry.
The Real Eurozone Problem
Although people in the eurozone want a single currency and their leaders want unity, monetary union problems create political distrust and disunity.
When to Worry About Sovereign Debt
Comparing debt to GDP is like looking at a mortgage loan and household net worth. It can help us decide when a sovereign debt became too large.