The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6 percent in March, before seasonal adjustment, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The March level of 199.8 (1982-84=100) was 3.4 percent higher than in March 2005.
What this means for I Bond investors
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For those who purchased I Bonds [...]
Rates for the next six months for I Bonds were released today. The fixed rate was raised to 1.4%, while the variable rate is 1% as expected from the CPI-U numbers announced in mid-April.
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I was hoping for a higher fixed rate but given that the low inflation component is temporary this is really no surprise. [...]
I’m not normally the doom and gloom type but what I’ve been reading about subprime mortgage debt has me a bit concerned… I don’t know what will happen but one possibility is laid out below.
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There are approximately six million subprime mortgages in the USA. The average home price is $190,000. This comes out to $1.14 [...]