Ordinarily, the Fed changes interest rates and the Treasury prints money. But with interest rates near zero, the Fed looked for a new strategy to make loans attractive.
Jeep Grand Cherokee has gotten positive media reviews, and sales of the Jeep Grand Cherokee in the third quarter were about double the pace of its predecessor. Chrysler said Monday that its profit outlook is improving.
This week, I’m going to take a look at a few of the longer questions that have been languishing in the reader mailbag. These questions were too long for a regular mailbag post – and deserve a longer answer – but are well worth discussing on The Simple Dollar.
Jeep Grand Cherokee saw sales jump 41 percent this year compared with a year ago.
Broadband service saw usage expand sevenfold this decade, but key minorities didn't catch up.
America's Big Money economy, of investors and CEOs, is recovering nicely. The Average Worker economy still has ongoing unemployment, mountains of debt, and falling home values.
Fareed Zakaria told Anderson Cooper: Americans 'are asking for magic because you can’t have the size of government they seem to want with the level of taxes they want. We’ve pretended otherwise for a generation and the result is nearly $14 trillion in debt.'
General Motors is expected to price its upcoming auction of shares near $29. But that may be too low, Barron's says.
Government dairy policy, until recently, reflected Depression-era norms. Starting in 1995, a government nonprofit has promoted a pro-dairy policy – in direct opposition to the Department of Agriculture and government nutritionists. Behold the power of cheese.
Unemployment is now low enough in Vermont that it must cut 13 weeks off its unemployment benefits.
Stock exchange, digesting last week's rally, looks to start lower, according to stock futures.
Retirement plans feature in Question 2 from the Reader Mailbag. Also inside: paying ahead on a mortgage (Question 6), long term care insurance (Question 3) and a World Series prediction.
Bank of America and JPMorgan Chase are being sued by homeowners who say that banks failed to honor mortgage contracts, foreclosing on families making payments on proposed modifications.
Every Sunday, The Simple Dollar reviews a personal finance book or other book of interest.