In response to the recent credit squeeze, the Federal Reserve did something unusual: they cut the discount rate without cutting the federal funds rate.
The federal funds rate is the rate at which banks lend to one another. [more]
Businesses, especially big businesses, try constantly to shift work from their paid staff to their customers. It's one of the major trends in business today.
Customers are willing to do the work when it saves them money or saves them time. [more]
Along about the middle of the dot-com boom--when the market had already had two years of 20% annual gains--I read an article that suggested that individual investors had no need of a cash reserve, because they could use credit cards in an emergency.
As most of you know, the cost of healthcare in the United States is outrageous! (Sicko, anyone?) For those lucky enough to have good medical insurance, an illness or an injury does not become a financial burden. [more]