Paying off debt is no easy feat, but it is manageable with the right approach. In fact, Wise Bread shares how one inspiring couple paid off $48,000 in under three years! Find out how they tackled their debt below. It would be easy to assume Mark and Lauren Greutman were living the American Dream. Show More Summary
The coming choice between an "ever greater union" and the troika's financial regime.
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If there is one thing the investing public has 'learned' in the last few years, it is 'no matter how bad the fundamentals, if it's been working, buy moar of it'. And so, it is with almost certain confidence that we should expect a resurgent flood of yield-chasing muppetry into no more egregious idiocy than the subprime-mortgage-debt market. Show More Summary
Broad Equity Market Tone: Advance/Decline Line: Modestly Higher Sector Performance: Mixed Volume: Light Market Leading Stocks: Performing In Line Equity Investor Angst: Volatility(VIX) 14.10 -4.73% Euro/Yen Carry Return Index 153.31Show More Summary
``The Bank of Russia will offer banks four-week and one-year funding in dollars and euros, backed by foreign-currency loans to large exporters, according to a statement today. The instrument will be available to banks with equity of at least 100 billion rubles ($1.8 billion) until 2018.''
Seeking to stabilize the ruble, Russian authorities are offering low-interest loans to struggling businesses and banks
MOSCOW (Reuters) - Russia's ruble stabilised on Wednesday, as exporters selling foreign currency countered the effect of a ratings agency saying it could downgrade Russia's sovereign debt to 'junk' status as soon as next month. At 1310 GMT (8.10 a.m. Show More Summary
Russia has begun bailing out the debt of its private and state-run companies and banks, which is denominated in dollars, according to Reuters. Banks and companies owe a total of $600 billion in foreign debt, of which $100 billion isShow More Summary
Yves here. Wolf has been keeping a sharp eye out on how shale gas players were junk bond junkies, and how that is going to lead to a painful withdrawal. Here, he focuses on one of the big drivers of the heavy borrowings: the deep involvement...Show More Summary
``Russia could always deploy an economic "nuclear" option, declaring a moratorium on its foreign debt. Then, if Western banks seized Russian assets, Moscow could seize every Western investment in Russia. In any event, the Pentagon and NATO's aim of a shooting war in the European theater would not happen; unless Washington was foolish enough to start it. ''
``Energy Minister Aleksandr Novak has threatened Russia may turn off the taps if Kiev doesn't repay the remaining $1.65 billion of its gas debt by the end of December. The warning comes less than a month after Russia resumed supplying Ukraine with gas. ''
Tis the season to be jolly, exhaust your insulin reserves and embarrass yourself at various social gatherings before crawling under the blanket of credit card debt you’ve amassed in the process. It’s also a time of year when someone will probably want to watch Frozen, on repeat, multiple times a day. Show More Summary
You’ve probably been envisioning your dream wedding since childhood, but you can’t pull it off alone. While vendors are a crucial part of the planning process, you don’t want to go into debt paying them (or worse, having them not come through for you at all). Show More Summary
GT Advanced Technologies is currently looking to sell its sapphire furnaces. The company expects to get at least $500,000 for each furnace, and a portion of the proceeds of each sale will go to Apple, which loaned GT Advanced money to buy the furnaces in the first place. Show More Summary
Wolf Richter www.wolfstreet.com www.amazon.com/author/wolfrichter Friday, natural gas futures plunged 6%. Monday morning, when folks were thinking about the beautiful Santa Rally, NG futures plunged nearly 10% to $3.12 per million Btu, the lowest since January 10, 2013. Show More Summary