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Ben Bernanke named Time magazine’s person of the year

Federal Reserve chairman wins award for efforts to rescue US economy, beating General Stanley McChrystal The softly spoken, cerebral figure with the unenviable task of stabilising America’s wobbly finances, Ben Bernanke, has won the coveted title of “person of the year” from Time magazine, seeing off competition from the top US general in Afghanistan, the first [...]

Embrace the dollar’s downfall | Dean Baker

Banks might suffer if China stopped buying US debt, but the US economy as a whole would be much better off Most of the economists and pundits who could not see an $8tn housing bubble are telling us that the United States desperately needs the Chinese government to keep buying its debt. This crew of failed [...]

The future of car loans

With the worlds economy being stretched to breaking point the way in which we receive credit will see some massive changes in the way we apply and receive credit. With many of the banking systems  have always gone through a points system to receive credit, the higher the points the better the credit you receive. [...]

Why you should get a car loan!!

The country as it stands is going through one of the toughest times since the 1990s, with the economy shrinking by 0.5% this year alone the first time it’s had a decline since the 90s as well. Unemployment set to rise to 3 million next year and the banks could cut interest rates by zero [...]