Tag: rates

22 JUN

Why countries like Argentina and Turkey fret about exchange rates

IMAGINE if Milton Friedman had been put in charge of a central bank, only to lose his job for expanding the money supply too quickly. Or if Robert Shiller, the Nobel-prizewinning author of “Irrational Exuberance”, were given a similar post, only to depart having allowed a stockmarket bubble to inflate. That is the kind of […]

15 JUN

Martin Lewis Money Saving Expert reveals ESSENTIAL tip to secure BEST travel money rates

Martin Lewis, the Money Saving Expert, appeared on the BBC’s Radio 5 live to reveal his top travel money tips to listeners. Mr Lewis warned: “Airports and ferry terminals are the worst places to get your currency, absolutely. “Use a travel money comparison site to find the best place to get cash, because it depends […]

26 MAY

If mortgage rates keep rising, home prices will eventually be forced to fall

Mortgage rates are rising rapidly toward 5% with the average 30-year fixed-rate mortgage currently at 4.86%. If it hits 5.5%, it would be the highest level since 2008.  Most homebuyers cannot exceed their specific budget, meaning higher mortgage rates will eventually push down home prices if given enough time.  A 30-year rate of 5.5% will […]

10 MAY

The UK’s ‘credit impulse’ just went sharply negative, and that explains why the Bank of England did not raise interest rates today

Pantheon Macroeconomics The amount of new credit issued in the UK suddenly went sharply negative in Q1, Consumers also abruptly increased their repayments of loans. Together, the two spikes — one down, one upward — send a worrying signal that British consumers are afraid of what’s ahead. That helps explain why the Bank of England […]

05 MAY

Airport exchange rates reach SHOCKING new lows – with some offering just 90 cents

Airport exchange rates, whilst notoriously offering worse rates than the high street, have reached shocking lows. Travel money expert FairFX has found that some airports are offering average rates 13 per cent lower than the market rates. Holidaymakers who are making the most of the long weekend are being advised to plan ahead. Some airports […]

01 MAY

Ovarian cancer rates to soar: Don’t miss the warning signs of this deadly cancer

Ovarian cancer is the fifth most common type of cancer affecting women, after breast, bowel, lung and womb, but it has the lowest survival rate. Post-menopausal women who haven’t had any children, or are infertile, are most at risk. Women also have a higher chance of developing the disease if they are over 50 or have […]

25 APR

Tax cuts and higher interest rates help boost banks’ earnings

SO THIS is how normality feels. Between April 13th and April 18th America’s biggest banks reported a strong set of first-quarter earnings, with a helping hand from the taxman. Some are more profitable than they have been for years. They are paying billions to shareholders; regulatory reins are being loosened. Yet the stockmarket shrugged. On […]