Monthly Archives: April 2011
While prices in some areas are moving lower; this article does not address the value of money or wealth destruction. All of which contribute to a consumer feeling the pressure when food, energy, medical costs, and educational tuitions are rising very rapidly.
Technically this article may be correct, but realistically inflation is abound for Joey the plumber and his family.Comments »
Apparently April is “Financial Literacy Month.” Who knew?
The recent crisis demonstrated the critical importance of financial literacy and good financial decisionmaking, both for the economic welfare of households and for the soundness and stability of the system as a whole. Good financial choices depend on reliable and useful information, presented in an understandable way. Essential components of personal financial management include an understanding of how to budget strategically, use credit, save to build personal wealth, and shop for and choose suitable financial products.
The global hedge fund industry now controls total assets worth $2.02 trillion, according to Hedge Fund Research. That’s up $102 billion from the first quarter of 2010 and is more than the industry had in the second quarter of 2008, when assets peaked at $1.93 trillion.
GM surprised the industry — and Wall Street — when it raised discounts by $400 per vehicle in January and February. Most automakers didn’t raise them because demand for new vehicles has been rising in line with supply.