Why So Many Americans are Broke

A recent Federal Reserve report confirmed that Americans are broke. The data shows that 46 percent of the nation’s citizens would be in trouble if they were required to come up with just $400 to cover an emergency. How did this happen? The answer to why so many Americans are broke ranges from a slow

With Brexit Increasingly Likely, Will the EU be Shattered?

Recent polls suggest that the United Kingdom is likely to leave the EU. What does this mean for the rest of Europe? During the past few months, supporters of the British proposal to leave the European Union have gained traction. This British exodus from the European Union, or Brexit, will cripple Europe’s economy and current

Payday Loans – Addictive as Drugs

Payday loans can be addictive because they’re readily available and easy to get, so people turn to them often when they need cash to tide them over during financial emergencies. Unfortunately, these loans were meant only for short-term, emergency cash needs and carry high interest rates to keep them available to everyone–even people with bad

With Rising Oil Prices, Could Shale Oil be Set for a Recovery?

2016 has been a time of volatility, speculation, and uncertainty for the global energy markets. During the first quarter of 2016, oil prices were at low levels that threatened the profitability of many energy firms. These price-related issues were caused by a supply glut in the global market for oil. This excess supply was partly

The European Banking System Is in Serious Trouble

Since the Global Financial Crisis of 2008, the European Banking System has been filled with politics and uncertainty. Due to the interconnected nature of the European Banking System, fiscal problems in Greece, Italy, and other members have become economic problems for the entire European Union. Due to a conflict between regulators and banks, the European

Why the Smart Money is Getting Out of Stocks

Despite the Dow’s record setting numbers, experts report that smart money is getting out of stocks. Smart money earned its nickname from making better decisions than average investors, so if those who are in charge of these funds are shifting their investment strategy, then everyday stockholders should consider following suit. Why is Smart Money Fleeing

Are High Interest Installment Loans any Better than Payday Loans?

Increased state and federal regulations are forcing many short-term loan lenders to switch their business tactics. Instead of offering traditional payday loans, these lenders are transitioning into providing installment loans. Are high interest installment loans better than payday loans? The answer to this question comes down to the consumer and his or her needs. What

If not for Payday Loans, Would Loan Sharks Fill the Void?

The term “loan shark” was coined in America during the latter half of the 19th century, according to an article published in the Washington and Lee Law Review. The epithet was applied to lenders offering salary advances and chattel mortgages, which were types of loans that become prominent around the time of the Civil War.

Oil Rally Continues Despite Poor Fundamentals

Despite some contradictory signs, oil prices have been gaining steadily based on reports that U.S. oil inventories have dropped and concerns about production disruptions in both China and Nigeria. A report from cnbc.com speculates that economic weaknesses and contradictory signals about the dollar’s strength won’t significantly impact the trend of rising oil prices. Often linked

Does the Payday Loan Industry Qualify as Predatory Lending?

Critics of payday loans frequently call the industry’s lending practices “predatory.” Since there is no universal legal definition of predatory lending, it is necessary to review what financial experts consider predatory practices. Only then will it be possible to decide whether the payday loan industry is guilty of predatory lending practices. What Qualifies as Predatory

The Stock Market Rally Continues! Until it Doesn’t

Industry experts are predicting that the recent rally in the stock market will continue for the moment. That is until it doesn’t. Low market volatility appears to be on the agenda for now, but some forecasters are projecting a rough summer for investors. In fact, a stock market crash may be on the way. How

The Global Bond Bubble Will End In Tears

In the global bond market, a bubble is putting an enormous amount of money at risk. If it bursts, investors will end up in tears. When it comes to media reports, the bond market is often overlooked because stocks are more volatile, so they make for better news. However, several sources confirm that the global

Google Kills Advertising for the Payday Lending Industry

Taking the payday loan industry by surprise, Google announced that it intends to kill advertising for short-term loan lenders. While making this announcement, the Internet company accused the industry of using harmful and deceptive business practices. Google could have a greater impact on payday loan lenders than government agencies since many of these loans begin

The Trans-Pacific Partnership and the Rise of a Global Corporatist Empire

The Trans-Pacific Partnership, or TPP, is a recent trade agreement that’s creating worldwide controversy. Some experts say that it will bring about the rise of a global corporatist empire while others claim that the deal will increase the wealth of the nations that enter into it and improve the lives of everyday people. The agreement

The Death of OPEC – How Shale, Russia, and Canada Killed It

Many economists and finance professionals have come to the conclusion that OPEC’s reign over the world’s oil markets is over. OPEC gained influence during the oil crisis of the 1970s, but current factors have made manipulating prices a difficult process. In the global market, emerging economies like China have reduced demand for crude oil. To

Payday Loans Online: A Convenience — or a Trap?

The Internet can be a wonderful tool that allows users to accomplish many tasks without ever leaving home. They can view weekly ads for local grocery stores, check their bank balance, communicate with family members, conduct research for a term paper or handle many other chores that were once possible only in person or over

China’s Pending Lehman Moment Will Collapse World Markets

With billions of dollars taking their leave of the country, China could be facing a Lehman moment. If this happens, world markets may collapse. The global stock markets recently entered panic mode when shares plummeted in Europe and Asia for the second day in a row. This situation sparked fears that the global economy may