When I’m at the checkout, I often open my wallet and pause for a moment, pondering how to pay. Cash? Nope, I’m saving it unless I’m buying a pack of gum. So it’s often the debate between debit and credit card. The final tally, in many ways, is the same. I buy something, I have to pay for it, either now (debit) or later (credit). But the decision is much more complex if you look at the bigger picture.
Greece is becoming that annoying relative that just won’t go away. You know the cousin that comes to stay for a few weeks until they “get on their feet.” But months later you’re still waiting for the bathroom in the morning because they’re in the shower. Greece is Germany’s destitute cousin and German Chancellor Angela Merkel must have real patience to wait day after day to see if all the efforts to help her poor cousin Greece will pay off.
How do you decide if you need to speak with someone about debt consolidation? Ask yourself these three questions.
It’s a promise from Ben Bernanke. He will leave interest rates near 0 percent until at least 2013. For the first time ever, the head of the Federal Reserves admits the U.S. economic recovery has stalled and he will do anything to get it started again. The world order has changed dramatically in the last seven days. This is what’s happening.