Why 2016 Will Go Down In History

Something big has recently happened. And not many people are talking about it. Like companies and individuals, even federal governments sometimes need to borrow money. They borrow money by issuing what’s called a Government bond. These bonds, like all loans, have an interest rate associated with them; a bond’s interest rate is referred to as…

The Cyprus Crisis Explained

Little news is getting as much coverage as the financial crisis in Cyprus and the unprecedented levying of an implicit tax on bank accounts as a means of funding the bail-out. This excellent summary by the Guardian explains the crisis in layman’s terms and is worth a quick read. The increasing number of financial crises…