The Pros and Cons of the Strong Dollar

If you’re an investor or just a regular watcher of business television you may have heard a lot about the current strength of U.S. currency, although not with the positive inflection one might expect. It almost seems strange to question whether a "strong dollar" could be a good or bad thing for the United States and yet it isn't as clear-cut as the name would imply. Recently many American companies...

Peer to Peer Lending Review: What is It and How Do You Make It Work for You

Lately there’s been a lot of talk about crowdfunding and sites like Kickstarter that have been used to fund independent films, tech gadgets, and even the return of Reading Rainbow. These sites collect donations towards a monetary goal in exchange for various incentives chosen by the project’s host. Similarly peer to peer lending matches up people seeking loans with people willing to give them. However instead of offering movie tickets...

Home Improvement Loans: The Freedom Peer to Peer Lending Offers

Looking to make renovations, repairs, or additions to your home? It used to be that in order to secure funds to improve your home you needed to visit a bank to refinance your mortgage. But why should you need to take out a second mortgage just to add value to you home? Peer to peer (P2P) lenders like Lending Club offer personal loans fulfilled by investors who, in turn, take...

Finance in Hindsight: Money in Your 20s

It's a thought we've all had at some time in our lives (and The Faces famously sang about): I wish that I knew what I know now when I was younger. Time Magazine recently ran a piece on this very topic where successful individuals shared knowledge they wish they had decades earlier. The article gives a range of insights like TOMS founder Blake Mycoskie suggesting younger readers follow their passions, author and host Suze...

Bernanke Boasts Monetary Policy in WSJ Piece

How's the economy doing? According to Ben Bernanke, pretty well... and it's because of him. Writing in The Wall Street Journal, the Federal Reserve Chairman explains ever-so-humbly how "the Fed saved the economy." In the piece (which comes on the heels of his book release), Bernanke points to the decreasing unemployment rate and a moderate inflation rate as signs that our economy is reasonably healthy again. On unemployment, Bernanke says...

Small Business Lending: The Good and Bad News

Small businesses have long been called “The Backbone of the Economy.” In order to grow many small businesses rely on loans to buy inventory, repair equipment, and market themselves in order to bring in customers. Unfortunately following the 2008 financial crisis it has been extremely difficult for small businesses to get loans from traditional banks. Following the near-collapse of the banking industry, those left standing cut back severely on their...