interest rates

Bullets: the Next Bubble About to Burst?

King Solomon understood the politics of scarcity. “He that hideth up corn shall be cursed among the people,” he says in Proverbs 11:26, “but a blessing upon the head of them that sell.” Since...

Paying the Man

SolomonSuccess.comThe current financial situation in the United States is on the precipice of major interest rate increases that will be precipitated by one of two events. The basis for both scenarios is the profligate monetary expansion undertaken by the Federal Reserve over the last year to address a perceived risk of deflation and purchasing bonds from the Treasury to artificially hold down interest rates. This current trend of monetary expansion cannot be sustained indefinitely without consequence.

Here’s Where Interest Rates Are Going This Year

The Solomon Success ShowOne of the principal economic leading indicators for 2011 will be the movement of 10-year treasury rates. The reason for this is because 30-year fixed rate mortgages are indexed against the 10-year treasury, and interest rate movements have a dramatic impact on the affordability of homes.

God’s Credit Card

SolomonSuccess.comWithout researching chapter and verse regarding God’s point of view about credit card debt, the cold, hard truth is that those little pieces of plastic can generate a lot of stress and turmoil in your life without half trying. High balances, high interest rates, and usurious late fees combine with often chilly customer service to turn this “free” money into an albatross around your neck. The good news is you do have some leverage when negotiating with the credit card company for better rates. Try the following process.