Creditworthiness - how banks assess borrowers before granting a loan

My experience shows that many people search the internet looking for explanation on how the banks assess creditworthiness of the potential borrower before granting a loan. Below I am explaining this issue shortly. It’s quite important, because before the 2008 crisis there were many too many loans given to clients who shouldn’t have received it. Every [...]

Should we invest in gold now?

Peter Schiff predicted the crisis in 2008, but he doesn’t stop predicting. For example, he says Ben Bernanke is still printing dollars, so the dollar loses value. He says that in 4-5 years Gold can reach the price of $5000. Well, he seems to be very sharp in his views and predictions and I think not [...]