Africa’s debt spree: Precursor to a new debt crisis?

Africa’s debt spree: Precursor to a new debt crisis?

Some analysts and multilateral financial institutions have warned that Africa could be on the verge of a debt crisis reminiscent of the 1980s and 1990s, when external debt ballooned from $140bn in 1982 to over $270bn in 1990, ultimately proving unsustainable. 90s crisis revisited? At first glance there are strong parallels. During the commodity boom…

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13 Ways to Drive Down Your Car Insurance Premium

13 Ways to Drive Down Your Car Insurance Premium

Paying for car insurance is a necessary evil. It helps protect you and your property from the cost of accidents. Unfortunately, it can cost a bunch to insure yourself against the unpredictable conditions of the open road. There are several ways to reduce the cost of your car insurance premium, letting you cruise past high…

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America’s middle class has money problems — but we can solve them

America’s middle class has money problems — but we can solve them

On the far side stand those productive Americans who have non-prime credit scores. They are shut out of traditional financial services products. For example, they can’t simply go to a bank and get a personal loan. They live their financial lives against a stiff headwind. According to one of the major credit bureaus, as many…

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The debt-bubble landmine Obama left for Trump

The debt-bubble landmine Obama left for Trump

The country’s last bubble was in housing. Between 2000 and 2007, Americans nearly doubled their mortgage debt, from $5.9 trillion to $10.6 trillion. This didn’t bother anyone in a position of power. The housing boom created millions of jobs, from construction to home-furnishing, and people felt rich. What bothered the pols was when the illusion…

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Monetary policy challenges for Europe: banking on the recovery

Monetary policy challenges for Europe: banking on the recovery

Speech by Yves Mersch, Member of the Executive Board of the ECB, 2017 IIF SPRING MEMBERSHIP MEETING, Tokyo, 8 May 2017Introduction The recovery underway in the euro area is spreading by sector and geography and is gathering momentum. Confirmation of a broadly balanced risk outlook is within realistic reach. The extraordinary monetary policy measures introduced…

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Other options for building your credit history

Other options for building your credit history

There is a reason: You may need good credit to get a job. “Ideally, students will have good credit before they apply to jobs, as many employers routinely pull credit and criminal reports as part of their background checking process,” said Steven Rothberg, president and founder of College Recruiter. “To some background-checking companies, no credit…

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How to Get a Credit Card: Your Step-by-Step Guide

How to Get a Credit Card: Your Step-by-Step Guide

Though some people regard credit cards as nothing more than an invitation to overspend and get into debt, when used correctly, credit cards can be a valuable financial-management tool. Furthermore, credit cards offer certain benefits that cash simply cant mimic, such as built-in rewards, purchase protection, and the ability to snag the best possible prices…

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Bad Credit Can Make Home Insurance Even More Costly

Bad Credit Can Make Home Insurance Even More Costly

That penalty applies to other insurance as well. For example, drivers with poor credit often pay double, or even triple, depending on where they live. Using a hypothetical 45-year-old, married female driver with a bachelors degree and no prior claims or lapses in coverage, insuranceQuotes found that even if you have fair credit, youll pay…

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