Lon Nolan

62 Flips | 7 Magazines | 83 Likes | @LonNolan | Keep up with Lon Nolan on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Lon Nolan”

Negative interest rates are 'one of the greatest scams in the history of mankind'

If 2.11% sounds like a miserably low return for tying up your money for three decades of hell and high water, it's practically bond nirvana for whatever else is out there.<p>The German government, paragon of fiscal rectitude at the moment, one of the few AAA-rated governments left on earth, is able to</i> …

Another financial crisis? Soaring global debt since 2008 raises risk as world economy sputters

Ancient Babylonian kings had a special tool at their disposal when economic or social conditions turned dicey: They would declare a "debt jubilee" and instantly wipe out borrowers' loans, allowing average people deep in hock to start over with a clean slate.<p>It says something about the global …

Why banks aren’t giving you a 3%, 30-year mortgage… yet

Government bond yields have plummeted this week, but mortgage rates haven’t fallen so fast.<p>After plumbing record lows earlier this week, the 10-year …

Freddie Mac

Why Interest Rates Are Lower Than Ever. And Why That's Scary

What do bond investors know that stock investors don't?<p>If you think the financial panic over Brexit is over — because stocks have bounced back …

Economics

The Fed Is Now More Likely to Cut Interest Rates Than Raise Them

Wall Street is betting Brexit will change the minds of the Janet Yellen and the Federal Reserve.<p>Before Britain voted to leave the European Union last …

A More Hawkish Fed Could Have Unintended Market Effects

The Federal Reserve has exercised extreme caution when it comes to telegraphing to the markets its intent for monetary-policy changes. But economists warn that as the central bank moves closer to pulling the trigger again on raising rates, it could unintentionally change the delicate dynamic it’s …

Red Alert: China Amps Up Currency War With The Fed And The World

Overnight, China weakened its yuan fixing by 0.34% to 6.5693 to the dollar, the lowest level since March 2011.<p>The People’s Bank of China also lowered the offshore yuan fixing by 0.04% to 6.5689 in Hong Kong.<p>Once again, just as the Federal Reserve makes a move at a rate hike, the U.S. dollar surge …

Keeping Pace: Four Trends In Banking Customer Experience

This week, FIS released its consumer banking PACE index. Following the inaugural report in 2015, the second edition aims to greater understand how financial institutions are <i>Performing Against Customer Expectations</i> (PACE).<p><b>The New Battleground Of Experience</b><p>According a study by Gartner, 89% of …

The bond market could be recreating the massacre of 1994

From January to September of that year, the yield on the long 30-year bond spiked about 200 basis points, costing investors up to $1 trillion in losses. Fortune magazine called it "the great bond massacre."<p>The Federal Reserve was thought to be the major catalyst, as it raised interest rates faster …

Thanks, Janet! Fed saves day for big banks

That popping sound you hear from Wall Street isn't the latest bubble bursting. It's champagne corks. That's because the Federal Reserve may be coming to the rescue of big banks.<p>The Fed strongly indicated in the minutes of its last meeting that an interest rate hike is possible next month. That …

U.S. Fed buys $7.5 billion of mortgage bonds, sells none | Reuters

NEW YORK (Reuters) - The Federal Reserve bought $7.546 billion of agency mortgage-backed securities in the week from May. 12 to May. 18, compared with $7.677 billion purchased the previous week, the New York Federal Reserve Bank said on Thursday.<p>A security guard walks in front of an image of the …

9 Money Moves to Make the Moment Your Credit Cards Are Paid Off

With high-interest debt no longer weighing you down, you can truly start to work your way toward financial freedom.<p>It may have taken years. It may …

Personal Finance

Oil Drops Below $48 on Fed Hike Speculation

Oil fell below $48 a barrel on Thursday, pressured by a stronger dollar and a surprise increase in U.S. crude inventories which served as a reminder that supplies are plentiful despite output problems.<p>Supply losses in Canada and Nigeria have supported the market. But cooler weather is expected to …

Oil

MARKETS GO WILD AFTER FED PUTS JUNE RATE HIKE IN PLAY: Here's what you need to know

First, the scoreboard:<p><b>Dow:</b> 17,526.6, -3.3 (-0.02%)• <b><br>S&P 500:</b> 2,047.6, +0.4, (+0.02%)• <b><br>Nasdaq:</b> 4,739.1, +23.4, (+0.5%)• <b><br>WTI crude oil:</b> $47.90, -0.9%• <b><br>10-year Treasury yield:</b> 1.87%<p>JUNE<p>June is in play.<p>On Wednesday, the minutes from the Federal Reserve's April meeting put a rate hike in just four weeks' time …

Fed to hold test operation of term deposit facility | Reuters

WASHINGTON (Reuters) - The Federal Reserve will conduct a test operation of its so-called term deposit facility on May 19, the U.S. central bank said on Thursday.<p>A security guard walks in front of an image of the Federal Reserve following the two-day Federal Open Market Committee (FOMC) policy …

Fed's Yellen says won't completely rule out negative rates | Reuters

(Reuters) - Federal Reserve Chair Janet Yellen said on Thursday that while she “would not completely rule out the use of negative interest rates in some future very adverse scenario,” the tool would need a lot more study before it could be used in the United States.<p>U.S. Federal Reserve Chair Janet …

The 4 Lines of Credit Now Available to Small Businesses

5 min read<p>Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>A line of credit is the most sought offer financing option for business owners. Why? The flexibility they provide is unparalleled. Whereas your typical term loan will give you one lump sum of cash to use -- and to pay back over …

Personal Finance

Central banks are about to go to war

History has shifted, and we're leaving the era of central bank convergence and entering the era of central bank divergence, i.e. open conflict. In the good old days circa 2009-2014, central banks acted in concert to flood the global banking system with easy low-cost credit and push the U.S. dollar …

Is JPMorgan Chase America's Most Corrupt Bank?

Between Bernie Sanders and Elizabeth Warren, we’ve heard a lot about the corruption on Wall Street. But if you want to understand exactly what happened and why, read <i>JPMadoff: The Unholy Alliance Between America’s Biggest Bank and America’s Biggest Crook.</i><p>Written by trial lawyers Helen Davis Chaitman …

JPMorgan Chase

Is the banking industry about to have its 'Uber moment'?

Some high street banks have resisted change but an open banking standard is set to revolutionise how consumers manage their finances<p>For the past few years banking has been facing what former Barclays chief executive, Antony Jenkins, predicted would be its “Uber moment” as technological advances …

Banking

Interest Rates Are Up, So Why Are Mortgage Rates Down?

Not how things usually play out.<p>For years homeowners have been hearing they better rush to refinance because soon the Fed will raise interest rates, …

Interest Rates

The Fed Is Freaked Out about the Financial Markets

Because it is completely misreading the situation.<p>Early in the new year, on Sunday, January 3, Federal Reserve vice chair Stanley Fischer delivered a …

How to Fund a Down Payment

More than one-third of respondents in Consumer Reports’ national homeownership survey of more than 1,500 millennials said they didn’t own a home …

Personal Finance

Tackle Your Most Difficult Tasks With Meditative "Pause Training"

The discomfort of taking on difficult tasks can push you to seek out distractions, focus on busywork, and procrastinate. This meditation-like …

A Science-Backed Way to Develop Incredible Self-Control

<i>By Rina Deshpande</i><p>As many of us start the year with aims for healthier lifestyles, we are faced not simply with the creation of new habits but also with the management of temptation.<p>Over the last decade, a surge of research has emerged in science publications about the psychological and …

Impact of Rising Interest Rates on Commercial Property Values

This post originally appeared on tBL member Michael Bull's Bull Realty Blog and is republished with permission. Find out how to syndicate your …

Commercial Property Boom Forecast to End, With Canada Hit Hard

The global boom in commercial real estate may be over, with Canada hit hardest.<p>The surge since the financial crisis -- marked by record property …

Mortgage rates have tumbled to 3-month lows

One of the expected consequences of tighter Federal Reserve monetary policy was higher borrowing rates for consumers.<p>In December, the Fed tightened monetary policy by raising its target short-term interest rates. Interestingly, however, long-term interest rates have actually been coming down since …