Special Report on
Christian Personal Finance
Christian Personal Finance - Trends
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Since the major cut in the interest rate back in 2008, we haven’t heard much about the FED cranking up the intraday rate so far. However, with recent GDP stats (5.7% annualised rate for the last quarter), we will surely hear some whispered rumors about the prime interest rate going up. The FED has control over the inter bank rate. This is the rate established for banks lending to each other for one day. At the end of every day, banks look at their balance sheet and borrow or lend money in order to balance their assets with their liabilities. These loans are for 24 hours since their balance sheet changes daily. This is why ...
A friend of mine recently told me a story about a Christian organization where an administrator was confronted about a particular business decision that some thought was not “good business practice”. Stunningly, the administrator responded, “Well, sometimes we here at ———-, do not do things like the rest of the world.” Those of us who heard the story were shocked at his response. His answer was a recognition of the fact that a Christian organization should be distinct from secular organizations. We all agree with that, however he was advocating a lower Read More
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