• C++ Programming for Financial Engineering
    Highly recommended by thousands of MFE students. Covers essential C++ topics with applications to financial engineering. Learn more Join!
    Python for Finance with Intro to Data Science
    Gain practical understanding of Python to read, understand, and write professional Python code for your first day on the job. Learn more Join!
    An Intuition-Based Options Primer for FE
    Ideal for entry level positions interviews and graduate studies, specializing in options trading arbitrage and options valuation models. Learn more Join!

Is it this bad?..the economy

The video took a long time to render and all I saw at first was a blank page. I thought that was a beautiful metaphor.
 
When Casino's executives start making rap videos, you know it's bad:

 
However, they will be able to watch Monday Night Football on the 54" plasma in their living room and draw off their home equity line in order to pay their mortgage.

I think the concept of 'credit' is a double edged sword... if only people bought things they could truly afford we wouldn't be in this mess. The last place I lived in, everyone dealt in hard cash as there are no systems that will track you / your SSN / credit history if you refuse to pay up.. paying for that brand new house or car..cash all the way
 
Quick question: -any help would be appreciated.

Principal amount $32,000.
Interest rate of 16%
2 year note
Payment amount to be interest plus $400.00

What is the effective rate on this note?
 
I think the concept of 'credit' is a double edged sword... if only people bought things they could truly afford we wouldn't be in this mess. The last place I lived in, everyone dealt in hard cash as there are no systems that will track you / your SSN / credit history if you refuse to pay up.. paying for that brand new house or car..cash all the way

Fortunately the issuance of credit comes from an agreement of more than one party, one of them who ought to be experienced knowing whether or not they will get their money back. The problem of credit comes in when this is poorly assessed, such as the subprime mortgage crisis.

People can attempt to live out of their means all they want, but it doesn't become a problem unless creditors foolishly allow them to do it.

Very related article: http://www.nytimes.com/1999/09/30/business/fannie-mae-eases-credit-to-aid-mortgage-lending.html
 
Back
Top