Gaze With Me Into The Credit Crystal Ball

hegemony · September 10, 2019

The number of Americans without health insurance increased by almost 2 million people in 2018, according to new data released by the U.S. Census Bureau Tuesday.

hegemony · September 11, 2019

Moody’s Analytics estimates that the trade war with China has already reduced U.S. employment by 300,000 jobs,

hdporter · September 11, 2019

Jim Henson's "Dark Crystal" doesn't even approach Heg's darkness ... 😉

hegemony · September 12, 2019

some want even lower interest rates: What that would mean for your retirement savings?

hegemony · September 13, 2019

US Treasury is seriously considering a 50-year bond

holy hell... what is this, Japan in 1995?

hegemony · September 18, 2019

PayPal Lowers Installment Credit Threshold To $30 – $99 Purchases

Quote

Today (Sept, 18), and Schmidt says, just in time for the holiday 2019 shopping season, PayPal is rolling out a new promotion that will make it possible for their merchants to offer PayPal Credit customers zero-interest installment financing for any purchase of $30 or more.

GILDED ALL THE WAY DOWN!

if consumers need this product, we're screwed.

TheVig · September 18, 2019

2 hours ago, hegemony said:

PayPal Lowers Installment Credit Threshold To $30 – $99 Purchases

GILDED ALL THE WAY DOWN!

if consumers need this product, we're screwed.

3rd world micro lending.

Kat58 · September 18, 2019

Fed approves quarter-point rate cut but is divided on further action this year

hegemony · September 19, 2019

Why is the NY Fed pumping billions into the money market?

cv91915 · September 19, 2019

22 hours ago, hegemony said:

PayPal Lowers Installment Credit Threshold To $30 – $99 Purchases

GILDED ALL THE WAY DOWN!

if consumers need this product, we're screwed.

19 hours ago, TheVig said:

3rd world micro lending.

But the unbanked and underserved...

hegemony · September 19, 2019

Leon Cooperman says the Fed made a mistake cutting rates: 'You're screwing the savers'

and some boneheads think the fed should go to zero or negative rates

hegemony · September 21, 2019

NY Fed to pump $75 bn into money markets daily through Oct 10 [AFP]

hegemony · September 27, 2019

The 2020 Social Security COLA is expected to be low — and that’s not even the worst part

cv91915 · September 27, 2019

1 hour ago, hegemony said:

The 2020 Social Security COLA is expected to be low — and that’s not even the worst part

Anticipated COLA for 2020 (1.6%) is expected to be ~15% higher than the average annual percentage increase over the past decade (1.4% per year), which was spun into a negative by a headline writer.

IndyPoolPlayer · September 27, 2019

2 hours ago, hegemony said:

The 2020 Social Security COLA is expected to be low — and that’s not even the worst part

56 minutes ago, cv91915 said:

Anticipated COLA for 2020 (1.6%) is expected to be ~15% higher than the average annual percentage increase over the past decade (1.4% per year), which was spun into a negative by a headline writer.

This is the same reason people don't understand their 401k's - You only see the "right here right now" and not the longer term trend. Which I suppose is why casinos do so well is those who come out of a casino after winning $500 on $100 played, never mind the $2000 played with no winnings in previous trips to said casino.