Word: saversion
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The rate cut "doesn't create wealth," says party pooper Jay Mueller, economist at Strong Capital Management. "It transfers money from savers to borrowers," because debt gets cheaper and saving becomes almost a self-contradiction. If you got burned by stocks and, like many other people, have been hunkering down...
After a final push downward last October, most rates bounced back so quickly that many consumers couldn't seize the moment. Now rates are even lower than they were last autumn, and they may be headed lower still. Lehman Bros., Goldman Sachs and Deutsche Bank all predict that the benchmark...
After a final push downward last October, most rates bounced back so quickly that many consumers couldn't seize the moment. Now rates are even lower than they were last autumn, and they may be headed lower still. Lehman Bros., Goldman Sachs and Deutsche Bank all predict that the benchmark...
Job de Jonge thought he had the guts for this game. A 53-year-old psychiatrist from Amstelveen, the Netherlands, he started investing in stocks in the waning days of the bull market in 2000. "I even started placing puts and calls for a while," he says, referring to sophisticated...
Seoul has also unleashed long pent-up consumer demand by easing limits on credit-card use, among other measures. Koreans were once avid savers, encouraged by government policies designed to funnel domestic capital to industry to bulk up manufacturing capacity. Today, citizens are shopping more and saving less?South Korea...