In recent months, fallout from the sub-prime mortgage scandal has been estimated in the hundreds of billions, up from figures of $100 billion maximum from the Federal Reserve only three months ago. While the Fed has, in an unprecedented move, cut interest rates three consecutive times in as many months, their cuts have always given investors the impression that a later cut was inevitable, cycling in a self-fulfilling prophesy t (more…)

I would argue that the most powerful man in the world is not the President of the United States but rather the Chairman of the Federal Reserve Ben Bernanke. He is the modern day EF Hutton…when he speaks, everyone listens – even the President.

The Federal Reserve was founded by Congress in 1913 as the central bank of the U.S. The function of the Fed is to conduct the nation’s monetary policy and regulate our banki (more…)

Is there any common sense involved in buying an expensive brand new car over an affordable one if they are both effective? Simply no. Unless you want to display your opulence and grandeur to say the least! Similarly, it is highly advisable for sportspersons to seek affordable sports clothing keeping the apparels’ quality in mind. As the world is still nursing the recession mania or the economic meltdown, it is more important how wisely you cho (more…)

If you have been to Australia, you must have seen Sydney, the best city of Australia. This city is the most visited city in Australia making it a multicultural city. As a result, Sydney considered as the most expensive city in the country. Thus, the tourists consider their expenses prior going to Sydney. The good news in Sydney is that you can find other ways in order to lessen your expenses. As we can see, aside from flight rates, one of the (more…)

Make your stay in one of the discount New York hotels where you can experience a homelike accommodation within minimum expenses. It will no longer remain as an unfulfilled dream to you to make a trip to New York City. It is a fact that the city is quite expensive but it can be managed to come within your budget. The hotels like Super 8 Manhattan charges only $ 68 per night after providing the facilities for recreation and comfortable stay. The (more…)