applied know how
I’m not a financial analyst, but I have money in the bank, a mortgage and some investments, so I’m very interested in the financial health of the world economy.
A recent report – “Global dollar credit: links to US monetary policy and leverage” – published by the Bank for International Settlements in January 2015, is boring but very relevant to the world financial economy.
In an interesting PR move the staid Bank for International Settlements (BIS)- the Central bankers, banker- has tweeted the following
@BIS_org: US dollar as global unit of account in debt contracts means a stronger dollar constitutes tightening of global financial conditions.
The signs of growth in the US is positive and this has already resulted in a strengthening of the US$ against many international currencies.… Read more
Here’s a simple 4×6 card with some if the best financial advice you’ll ever receive from University if Chicago Professor Harold Pollack. But the lesson here is that once you have an income that you can live off and can save a little bit besides, managing your finances shouldn’t be all that hard.
Cheap. Pollack’s only investment rule is to buy inexpensive diversified mutual funds or ETFs.… Read more