Thursday’s mixed economic data out of the United States and reports out of the European Union had minor influences on the market. ECB board member Yves Mersch stated, “The longer the measures are in place, the less effective they may become.” The ECB’s monetary policies are expected to have an increase in side effects over […]
International Monetary Fund (IMF)
International Monetary Fund is an instrument and a product of development in the world. Just after the Second World War, leading politicians and administrators felt there was the need for the organization of a body that would see to the organization of the International monetary system on an agreed basis. Different people including a world’s […]
Gill Marcus: Monetary policy, Inflation and Economic growth in South Africa
The Governor of Central bank of South Africa, Gill Marcus has proven herself a pragmatic free market banker rather than ideological by the way she goes about with her responsibilities as the apex banker of the land. She has wisely asserted her independence by refusing to yield to pressure from politicians and labor union to […]
World Bank denies loans to Burma
Despite reports that some of the members of the Burmese military junta had stashed millions of dollars for their own interests, the country is reeling under pressures to repay its outstanding loans to the World Bank which it failed to comply until today. With the country now needing massive reconstruction efforts after the cyclone destroyed […]
How Do I Short Sale My Home to Avoid Foreclosure?
When anyone makes a new home purchase, they had the understandable desire of securing stability, building equity, and being on time every single month. But a harsh dose of reality does indeed indicate that as one of the biggest debt items there is out there, mortgages can bestow a solid amount of risk along with […]
Home Loan Be Gone: 4 Ways to Speed Up Repayments
Home loans are typically long-term, lasting anywhere between 10 and 25 years, they leave borrowers indebted for the major part of their active life. Settling for long-term loans, however, helps spread the repayments over time, sparing funds for more pressing needs but at a higher cost. What if the loan can be paid up much […]
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