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Tag Archives: Credit

Time is Money (Really!)

You may have noticed that different kinds of loans tend to have very different interest rates. For example, a typical 30-year mortgage today has an annual rate of about 6% (which is very low by historical standards). That might not seem like much, but 30 years is a very long time. Imagine you’re buying a [...]

The New Depression Generation

Are the kids of 2009 like the kids of 1929? It seems like in some ways they are.