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Emergency Loans: 4 Tips to Consider

Strategy Driven

Although rush financial decisions should not be a norm, emergency loans can save your day in times of crisis. These tips will help you apply for an instant loan and get out of your financial crisis! Review Your Credit Score. A high credit score comes with higher chances for approval, higher loan limits, and better terms.

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The Role Prediction Markets Play In Assessing Climate Risk

The Horizons Tracker

. “The institutional arrangements under which climate-risk information is currently provided mirrors the incentive problems and conflicts of interest that prevailed in the credit-rating industry prior to the 2007/8 financial crisis,” the researchers explain. ” Understanding climate risk.

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New Study Predicts Gloomy Economic Times Ahead For Americans

The Horizons Tracker

This situation is often compounded by poor credit or liquidity issues, which can render people unable to move to a new job with better income, or even to a new area. It’s a situation the researchers believe could be exacerbated by the current crisis.

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Crisis of Faith in the Financial System

Harvard Business Review

From Bernie Madoff to derivatives to the housing bubble to dubious AAA credit ratings, we continue to find new ways to encourage people to make financial leaps of faith. In the end this money did become worthless.".

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Subprime Credit-Card Holders Are the Most Profitable

Harvard Business Review

Although credit-card holders with low credit ratings default more often than the rest of the population, the interest and fees they pay make them far more profitable for banks than any other groups of credit-card customers, according to research reported in The New York Times.

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Ratings Agencies Are the Darnedest Things

Harvard Business Review

Over the past decade, S&P and its rival Moody's helped bring on the financial crisis by completely flubbing their evaluations of subprime mortgage securities and the derivatives built atop them. They gave AAA ratings to financial instruments that were essentially fraudulent to begin with and effectively worthless at the end.

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Who Fixes the Euro?

Harvard Business Review

Talking to an Irish friend recently, I got a splendid take on the euro-crisis. As he pointed out, there are two sides to the growing European sovereign debt crisis. Even if Europe gets through the current crisis, politicians need to face up to what it tells us about the euro-venture. Think about the pensions crisis.

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