Business, Finance, & Economics

11/05/2014

CNBC just announced the best tool ever. You can use this tool to track the recovery of homes in your area. This is especially great for Loan Officers like me who want to expand their business into other states.

Use this interactive map to track the latest numbers in some of the largest housing markets across the country. As a home owner, home buyer or multi-market investor, you are just one click away from the latest moves in sales, prices and inventory.

10/30/2014

DEFINITION of 'Exchange Control' or better known as Currency Control - Investopedia

"Types of controls that governments put in place to ban or restrict the amount of foreign currency or local currency that is allowed to be traded or purchased. Common exchange controls include banning the use of foreign currency and restricting the amount of domestic currency that can be exchanged within the country."

Just recently, H.R. 2848 was passed in 2010 and went into effect on July 1st of this year. This bill included FATCA (Foreign Account Tax Compliance Act.) If you are not familiar with this act, you should be. This part of the bill has a component of Currency control. It controls how money is tracked by citizens in other countries. While most people would love this ideal, it is bad for Americans. This bill imposes other countries to track American's money deposit into overseas banks. Since foreign banks are not likely to do so or get involve with American affairs, they decide not to accept money from Americans or invest in other nations. This can lead to possible talks of a new currency since the Dollar is the current reserve currency. I know this post may be over some people's head but I have researched this and find it very important when discussing a nation that is almost $16 Trillion dollars in debt. Please research this topic and tell me your thoughts on what you find. I do not want this post to be too long. I would love to know what you find.

10/28/2014

Financial question today:

If you were to guess how many small business are operating without a financial tracking system such as Quicken, an Excel spreadsheet, etc., what percentage would that be?

10/27/2014

This community is all about finances. This is not a restricted community so please post your questions or input related to Business, Finance, and Economics ONLY. All post will be subject to review before posting.

10/27/2014

Welcome to Business, Finance, & Economics. This community was created with the individual in mind. Many have questions related to finance, budgeting, taxes, and becoming a business owner. This platform offers information to those who may lack resources that corporations have. Please Like and Share our group as we educate and offer a financial education most do not consider important.