THE CHRONICLES OF CURRENCY WARS. PART 2: ADVANCED VS. EMERGING ECONOMIES

By Elizaveta Belugina, leading analyst at FBS Markets Inc., FXBAZOOKA.comWhen Brazilian finance minister Guido Mantega came up with the term "currency war" in 2010,the nation was looking for a way to protect itself from the US monetary aggression. It was the second round of the currency wars: the confrontation between the emerging and advanced economies. Brazil blames hot moneyIn 2008 the US Federal Reserve has cut rates to zero and started printing large amounts of cheap dollars via the quantitative easing program (QE). This hot money has rushed out of America to the places with the highest short-term interest rates – Brazil, South Korea, Peru and Thailand.Although it might not be evident to the non-economists, the countries in question found these monetary inflows unwelcome. The main reason of ...

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Issues with credit and debt providers a top complaint for consumers

Getting a short-term loan for a couple grand probably seemed like a perfectly fine — or more likely necessary — idea for one Massachusetts woman, until she was hit with the 392.6 annual percentage rate racking up more than $6,300 of additional debt. By the time the woman paid $2,240, she still owed another 19 payments of $320 per month. Struggling to stay afloat, she ultimately turned the Massachusetts Attorney General's Office, which stepped in and contacted the lender. Complaints and issues involving credit lenders, debt collectors and middlemen in the financial industry rank high on the list of the top 10 complaint categories reported to state and local consumer agencies last year, according to the 2017 Consumer Complaint Survey Report. The category of credit/debt complaints came in at No. ...

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Current Mortgage Rates – Mortgage Interest Rates Today

What is today's mortgage rate The average 30-year fixed mortgage rate is 4.49%, down 13 basis points from a week ago. 15-year fixed mortgage rates are 3.83%, down 17 basis points from a week ago. Additional mortgage rates can be found in the chart and graph below. Compare mortgage rates and lock your rate today Today's Mortgage Interest Rates 3-month trend 30-year fixed rate 15-year fixed rate 5/1 ARM 30-year jumbo 3/13/2019 4.49% 3.83% 4.15% 4.43% 3/6/2019 4.62% 4.00% 4.27% 4.54% 2/27/2019 4.54% 3.96% 4.19% 4.49% 2/20/2019 4.52% 3.93% 4.20% 4.47% 2/13/2019 4.54% 3.94% 4.21% 4.47% 2/6/2019 4.57% 3.98% 4.22% 4.54% 1/30/2019 4.62% 3.96% 4.22% 4.54% 1/23/2019 4.62% 3.99% 4.29% 4.60% 1/16/2019 4.59% 3.98% 4.24% 4.56% 1/9/2019 4.63% 4.07% 4.27% 4.54% 1/2/2019 4.68% 4.11% 4.26% 4.55% 12/19/2018 4.75% 4.13% 4.31% 4.63% 12/12/2018 4.83% 4.21% 4.35% 4.72% What is a mortgage interest rate Lenders charge interest on a mortgage as a cost of lending you money. Your mortgage interest rate determines the amount of interest you pay, along with the principal, or loan balance, for the term of your mortgage. Mortgage interest rates determine your monthly payments over the life of the loan. Even a slight difference in rates can drive your monthly payments up ...

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The Medicare Quirk That Can Cost You Thousands

You are in the hospital for tests after experiencing dizziness. You are nervous about what the tests will show, but at least you do not have to worry about hospital bills – you have Medicare, so you can relax about healthcare coverage. Or can you Not if you are in the hospital under “observation status” – a Medicare designation applied to patients deemed insufficiently ill for formal admission, but still too sick to be allowed to go home. Observation status can result in thousands of dollars in higher costs – especially if you need post-hospital nursing care. Medicare covers care in skilled nursing facilities, but only for patients who were first formally admitted to a hospital for three consecutive days. Federal data shows that the number of Medicare ...

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10 best theme parks for roller coasters

Photo courtesy of Canada's Wonderland You bought your ticket. The scent of funnel cake makes you heady as you sprint past the cart to get in line for your favorite roller coaster. It'll be at least 45 minutes before the carnie at the front tells you to secure all personal items and enjoy your ride. Is it worth it Yes, you've already made the calculation that a few minutes of mind-blasting speed are worth the wait. But how about the money How much will that thrill cost you in terms of dollars and cents We answer that question here with Bankrate's list of Best Roller Coasters in North America. As fun as it would have been to ride the coasters in all of these theme parks, we tackled this ranking with data. ...

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Equifax CEO Retirement Announcement May Only Indicate Worse Problems

It's almost a common thing for a big company to announce a large data breach these days. It's another matter entirely when you have a data breach that may have compromised almost half of the American population. Equifax Inc. (NYSE: EFX) has been in hot water in the wake of its massive data breach. And how the company handled it, what was disclosed and when may have been a serious tell about how this companywas unprepared fora serious business interruption of this sort. Chairman and Chief Executive Officer Richard Smith has announced his retirement. The company may consider it retirement, but Wall Street and just about any other street will recognize this as a firing and another effort for the company to clean house. When CEOs retire at a ...

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Active vs. Passive Investing

Performance matters when it comes to investing. One question that is often asked when it comes to investing is: Active vs. passive investing, which is better For many years we've watched thousands of individuals invest, and the vast majority who tried to make money by picking hot stocks or by market timing end up hurting themselves more than they helped themselves. Sometimes badly. That's why we generally believe individual investors are better served by a primarily passive approach. What is the Difference Between Active & Passive Active investing generally involves attempting to generate superior returns by picking specific securities or timing the market by shifting in and out of various asset classes. Passive investing usually involves determining a long-term asset allocation and then using a low-cost indexing approach to maintain that allocation. While ...

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OFFSHORE INVESTORS MUST BE READY FOR COMMON REPORTING STANDARDS

Tax experts from Irwin Mitchell Private Wealth are urging offshore investors to be aware of the "unprecedented" level of information that will be available to the UK revenue authorities in 2017 under new Common Reporting Standards (CRS).CRS – developed by the OECD and endorsed by the G20 finance ministers in February 2014 – are designed to provide a worldwide annual snapshot on the wealth of clients. The new rules will subject their tax reporting to new standards and provide HM Revenue and Customs with a huge amount of financial information designed to counter tax avoidance and evasion.Andrew Watters, tax partner at Irwin Mitchell Private Wealth, said:"Financial institutions in about 100 countries, which include banks and trusts, will be required to gather and share an unprecedented amount of information ...

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