Like a cold breeze running up your spine on a brisk November day, financial blunders are hard not to notice. You try to ignore them like an impending winter, but they’re going to happen either way. Let’s take a look at what This Week in Financial Blunders has in store for us.
The biggest financial blunder one can do in their personal life is typically junk food-related. That late night fast food run, pizza order or tub of ice cream always sounds like a great idea at the time, but it ends up thinning out the wallet and plumping your waist line. That’s why, in this edition of This Week in Financial Blunders, we focus on business struggle in the world of junk food.
The Federal Reserve sends out monthly updates on the state of the economy and the spending actions of the Reserve. It’s pretty difficult to understand so, as usual, we’ve broken it down for you in plain English so you can get a better grasp on what’s going on with our economy and governmental spending.
Rumors are circulating through the news that an agreement to end the government shutdown and a possible debt ceiling rise, ending the current stalemate crisis that is affecting millions of Americans. I hope the rumors are true, but I’m not holding my breath.
As the president, the Senate and the House of Representatives attempt to reach a deal on the federal budget, another issue looms over Washington, D.C. Current projections indicate that the United States will reach its debt ceiling around the middle of October. Without an increase, there could be more financial consequences for the government of the United States.
The mortgage market is one area that potentially stands to lose heavily if the shutdown continues, but it’s been holding its own so far. Rates have actually dipped a bit because stocks have been so volatile that investors are looking to the safer MBS market.
Today, NPR had a short article about the shutdown-related news for veterans and how it could affect several million Americans. Here’s a bit of the article and what it may mean to you if you’re a veteran in the United States.
The Fed met again this week and the news was pretty clear. The Fed needs to stay in the game to keep the economy growing and keep mortgage rates down. That’s good. Very good. What else did the Fed talk about in their latest release? Find out here.
By now, you’ve probably heard of the so-called federal budget sequester. It was mentioned thousands of times a few months ago while the President and Congress did battle over the budget. It’s one of those things that a lot of people know about, but maybe don’t quite understand.
Head of the Federal Reserve, Ben Bernanke, will see the end of his term in January and many expect him to resign before the end of the year. This leaves President Barack Obama with the difficult choice of choosing the new head of the Federal Reserve.