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Asset Securitization is another aspect of magic money. Now you see it, now you don’t.
Take a trip to gobbledegook-land. I can read most legal documents but financial documents, especially when we enter the realm of never-neverland financing, is an exercise in double-speak.
I have yet to wrap my mind around 'structured finance' but I do understand the concept of 'default'. What will be interesting is following these rates over time.
I'm still trying to wrap my English-major mind around these concepts.
There are alternatives to the money economy. An exchange can be an inflation-proof value-for-value means of trading goods and skills for other goods and skills. Keep your cash to pay Caesar!
It's a sign of the times when 'bankruptcy' must be included under a finance topic. The Cornell University Law School has a good overview with links.
For a broader perspective and access to more thoughtfully written articles, check out both the Canadian and UK MSN money pages.
Is your money safe in your bank? Check out this website to see what 'deposit insurance' is all about.
You can't have too much basic information if investing is new to you. The more times you read the same information presented in different ways, the faster it will sink in and make sense.
This is not a sexy site but it explains why the experts pick the books and websites recommended here.
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