Personal Finance and Money Management

Professor Brent T. White, of University of Arizona, a law school professor has titled his work as “Underwater and Not Walking Away: Shame, Fear and the Social Management of the Housing Crisis.”

He argues that at the time of trouble strong financial reasoning escapes thinking. Propping up these emotions is an entire system that White dubs as “the social control of the housing crisis.” These comprise of continuous messages and pressures being placed before the consumers by the “social control agents” – the government, the banks and their stooges the media. These agents take the help of a repetitive mantra that goes all the way up to the President of USA. It is pound

Full Article

Research by fund manager Janus Capital is expected to show that 35% of Britons believe they are carrying too much debt relative to the money they earn, the Independent reports.

According to the survey, the results of which will be published later this month, British borrowers “fear their debt levels more than the citizens of any other major European people except Spain”.

The author of the study, financial strategist David Bowers, found that catching on debt had become a “vital component of funding the essentials of modern life” – with even-handed under half (46%) of respondents saying they have taken on debt in the configuration of credit cards, car loans or unsecured bank loans.

Full Article

The Coventry Building Society has cut their mortgage rates and launched a new pledge loan range. The new mortgage loans include fixed-rate mortgages, tracker mortgages and flexx products. The range includes a variety of Loan to Value levels and arrangement fees .

The mortgages are available either directly or via intermediaries . Most of the products are available at 70 per cent loan to value, by one highlight the two year fixed-rate mortgages at 3.5% only available at 50 per cent LTV.

The sales and marketing director at the Coventry, Colin Franklin, was reported as saying: “We continue to have a strong appetite for growing our mortgage business and expect this new range be excessively well received by intermediaries and customers alike. Full Article

Charlotte foreclosed homes helped push total homes sales up in October, but they dragged down house prices, according to the Charlotte Regional Realtor Association.

A total of 2,210 single-family houses, townhouses and condo units were sold in October, marking an increase of almost 20 percent compared to total home sales in October last year and marking the first time home sales climbed up on a year-over-year basis since February 2007.

Because of the depressed prices of foreclosure and distressed sales, the average price of homes sold in October plunged to $196,204, a drop of 9.5 percent.

Full Article

“Economics”, can have being easily defined as a particular area of study that basically relates to how society sets about or works in order to meet the demands for different things. The study basically looks at the making, use and sale of services and goods. It can be considered as the branch of social science that can help an individual in understanding the impact of developments in business and society. Today economics has produced some of the most attractive career fields. In fact, in recent times, career in economics has seen some sharp rise than any other career fields. These days, there are plenty of jobs for graduates in Economics. The

Full Article