Browsed by
Tag: Enjoy Life

Is it also better to give rather than receive interest on your deposits

Is it also better to give rather than receive interest on your deposits

​ And, now, for something completely different. You learned about negative numbers in school. Now, you get to learn about negative interest rates. Currently, the European Central Bank (ECB) pays -0.2 percent on money banks have deposited. By way of comparison, the U.S. Federal Reserve’s Fed funds rate is 0.12 percent. Continue Reading

Big Mac Valuation Metric

Big Mac Valuation Metric

Last week, in Switzerland, a big mac cost $7.54. The Economist invented the Big Mac Index in 1986 as an entertaining way to assess whether currencies were at the “correct” levels. The index uses purchasing power parity (PPP) to measure one currency against another. PPP is the idea that exchange rates should adjust so the same product (in this case, a hamburger) has the same price in two different countries when the price is denominated in the same currency. After…

Read More Read More

Inflation – A look backwards

Inflation – A look backwards

​ When you were younger, you may have heard older relatives marvel over the high cost of everything from automobiles to aluminum foil. It’s worth taking a look back, once in a while, and acknowledging exactly how significantly the world has changed. Continue Reading

What’s coming down the Pike

What’s coming down the Pike

​What does the future hold? The good news is most analysts expect economic growth in the United States to continue. The Wall Street Journal, The Economist, The Federal Reserve, and the International Monetary Fund all have forecast gross domestic product growth in the United States at 2.5 to 3.0 percent for 2015. That’s not quite as good as the 7 percent growth forecast for China or the 6.5 percent growth estimated for India, but it’s decent for a developed nation…

Read More Read More

Financial Literacy

Financial Literacy

​Fourth place! When it comes to financial literacy, the International Financial Literacy Barometer indicates the United States ranks fourth out of 28 countries. If you’re thinking those sophisticated Europeans must have an edge on us, you’re wrong. The top five countries were Brazil, Mexico, Australia, United States, and Canada. Continue Reading

Strike a Pose and be Confident

Strike a Pose and be Confident

​Do you have what it takes? If you’re about 74 inches tall, have a deep voice, and have run a marathon, you may. The Economist’s recent article, Look of a Leader, found, “It is remarkable, in this supposed age of diversity, how many bosses still conform to the stereotype.” The article included a mixture of studies describing the characteristics of chief executive officers (CEOs) and other leaders: Continue Reading

>