Monthly Archives: June 2017

What Britain’s Hung Parliament Means for Your Portfolio

Aaron Hankin Theresa May’s bold move to call a snap election on April 18 to strengthen conservatives’ position in Parliament failed Thursday when the Tories fell well short of winning a majority in the U.K. House of Commons creating what is known as a “hung parliament.” With just one seat of the 650 yet to be decided, the center-right party had 318 seats, down from 331 in 2015 and short of the 326 required to… Read More »

Global Monetary Policy: He Still Has Your Back

Shuffle up and deal–low interest rates are still “the only game in town” AT ITS outset, 2017 seemed likely to mark a turning-point for global monetary policy. The Federal Reserve had just raised its main interest rate by a quarter-point and was expected to add three such increases this year–or perhaps even more, if a new Republican Congress could agree on tax cuts with a new Republican president. In that case, low interest rates would… Read More »

Millions of People Will Soon See Their Credit Scores Improve – At Least a Little

Kenneth R. Harney If you’ve heard that some people might get a magic boost to their FICO credit scores in the 10-point range — without having to do anything — that’s right. But hundreds of thousands of consumers’ increases will be much larger. According to a massive new study of 30 million credit files just completed by score developer FICO, many Americans will experience score bumps in the coming months, mainly modest increases of fewer… Read More »