Financial
Financial news

Why Do Some States Outlaw Payday Lending?

When used responsibly, payday loans can provide a way to meet unexpected expenses, make sure that bills are paid on time or prevent overdrafts and associated bank fees. Several states, however, have banned payday loans, and other states have enacted laws that regulate the amount a consumer may borrow and how often. Typically, the states

Are Economic Sanctions Against Russia Working?

Opinions about the effectiveness of sanctions on Russia vary. Some experts say that they are damaging the economy, and others counter by pointing to the lack of consequences in the political arena. Understanding the purpose of the sanctions can help you develop an informed opinion about whether or not they are working. Considering the Causes

Regulatory Outlook for the Payday Loan Industry

The Consumer Financial Protection Bureau, or CFPB, made an announcement about a year ago regarding the lending practices1 of the payday loan industry. Last year, the agency issued a report that included a list of proposed restrictions for short-term loans, long-term loans and the industry’s collection practices. The director of the small dollar loans project

Can Emerging Market Economies Pull Out of Nose Dive?

Signs of financial trouble in emerging markets appear when investors take their money and leave. A slowing economy in China has caused the country to reduce the number of commodities that it usually purchases. The glut of oil on the world market has significantly hurt exporters in emerging markets. Understanding the Scope of Capital Outflow

China’s Debt Bubble Raises Fears of Hard Landing

For more than 10 years, China’s economy1 has been the backbone of world growth. A few months ago, the country’s stock market experienced a big crash sending industry experts into a prediction tizzy. Some claim that if the nation’s economy comes to a halt, countries that depend on their trade agreements with China should prepare

Global Economy Gears for Major Slowdown

The impact of the global financial crisis in 2008 continues to reverberate around the world as countries adjust economic projections year after year. A pattern of downward forecasts causes concerns about the world economy as leaders search for a reversal of the trend. The International Monetary Fund (IMF) cites subdued demand as a cause of

Stocks Primed for a Devastating, 1930’s Style Collapse

A stock market crash1 appears imminent. A number of renowned economists and even a few well-known investors are warning the industry that a crash is on the horizon. With sales and earnings rolling over sharply, the markets are on shaky ground since earnings drive stocks. Economist Andrew Smithers said, “U.S. stocks are now about 80

Stocks Heading for a Major Crash – Why the Smart Money is Getting Out

A stock market crash1 appears imminent. A number of renowned economists and even a few well-known investors are warning the industry that a crash is on the horizon. With sales and earnings rolling over sharply, the markets are on shaky ground since earnings drive stocks. Economist Andrew Smithers said, “U.S. stocks are now about 80

Stocks Continue Rally – Can it Last?

With the Federal Reserve keeping interest rates low and Janet Yellen expressing fears about a rising dollar having negative effects on exports, Wall Street’s attitude remains bullish. The recent stock market rally1 is reaching a new high for the year. Can it last? There are industry experts predicting that it can as long as the

Oil Prices Rise on Yellen’s Dovish Policies

Markets around the world took notice when Janet Yellen1 used a dovish tone this week while discussing policy changes that included increasing interest rates. She said, “Given the risks to the outlook, I consider it appropriate for the committee to proceed cautiously in adjusting policy.” Ms. Yellen did not provide details about when she expects