THE HISTORY OF THE EURODOLLAR MARKET IN THE 1960s (A CHRONOLOGICAL ACCOUNT) Introduction The Euro-dollar market* was in fact, and is indeed today, an international wholesale market in money, involving Euro-sterling and other national currencies such as Swiss franc and to a lesser degree the other major European currencies. This paper will briefly … Read more
Introduction – What we are going to do here is look at a number of problems facing the USA. This article will be cynical. The idea is we are trying to illustrate the massive amount of problems they are facing so you can act accordingly. Banks – Bank failures keep coming. People have become so … Read more
These loans work well for funding major financial needs like buying a house, investing in property or business, child’s higher education, etc. The decision of the borrower to grant you secured loans depend on the following: * The home equity i.e. the value of the property pledged * Creditworthiness of the borrower … Read more
Distressed Debt is starting to make a lot of noise in the alternative investment arena, and with everyone jumping on the boat it might be ready to tip. I have seen numerous announcements of new distressed debt funds and I think we will keep seeing more down the line. Here are questions you should be … Read more
When faced with a financial crunch, we look back wondering what went wrong and how we ever let it go that far. Every penny spent seems to be spent for the wrong purpose and even if it was for the right one, we regret overspending on it. Maybe, the long needed vacation was really not … Read more