10-year mortgage interest rates in Denmark have hit -0.5% — that is, the bank will pay to you borrow money. 20 year loans? Zero interest. 30 year loans now at 0.5% are headed negative. Translation: some people with a LOT of money think that we're heading for a depression so ferocious that they'll loan you money for 30 years at only 0.5%, just to lock in some kind of return during the decades-long bloodbath they foretell. (Image: Jimmy Baikovicius, CC BY-SA,modified) (Thanks, Kathy Padilla!)
Danish banks will pay you to borrow money from them
Banks have returned to the pre-2008 world of automatic credit-limit increases for credit cards used by already indebted people
"Proactive credit line increases" (PCLIs) are when your credit card company increases your credit limit without your asking for it; it was very common prior to the 2008 crisis, but… READ THE REST
Bernie Sanders got the GAO to study the life chances of millennials, and the report concludes that debt is "crushing their dreams"
Bernie Sanders commissioned the Government Accountability Office to study the consequences of the high degree of indebtedness borne by Millennials; the GAO's report concludes that Millennials dreams are being "crushed"… READ THE REST
MMT: when does government deficit spending improve debt-to-GDP ratios?
Modern Monetary Theory (MMT) (previously) is an alternative to neoclassical economics that holds that sovereign states that issue their own currency can't default on debts denominated in that currency (if… READ THE REST
Short Post, just one paragraph
Dessert cheesecake wafer bear claw fruitcake. Fruitcake chupa chups donut candy canes marzipan. Apple pie sweet roll tart chocolate cake macaroon marshmallow carrot cake gummi bears sweet. Pastry sugar plum… READ THE REST
Save 50% on a 1-year subscription to Dashlane's premium password manager
We all know vital information about ourselves and our private digital accounts can be compromised by cybercriminals. However, many would be frightened to know just how compromised they and their… READ THE REST
The Bite Helper removes the itch of a mosquito bite in seconds
While mosquitoes have certainly earned their title as the deadliest animal on earth, their impact on most of our lives is usually a lot less consequential. But even though they… READ THE REST
