Morgan Stanley says investors should consider this port in the market storm right now

It appears that the massive selloff in the British pound, which is credited with exacerbating the global rout of markets last week, will continue to wreak havoc on Monday. Old Blighty’s economic woes add to the list of growing concerns in the markets, which is driving more investors into the dollar and out of riskier … Read more

You’re supposed to follow the 3 common money rules – but there’s the truth of life

20% off when buying a home. Do not spend more than 30% of your income on housing costs. Keep childcare expenses under 10% of your family’s annual income. Basic money rules can be useful buffers, helping you customize spending and decide what’s on hand. She can also be incredibly subdued when she feels unattainable. If … Read more

Will the economy get worse? Consider raising your credit limit beforehand.

Relying on a line of credit in a fragile economy is the equivalent of expecting a weak bridge to weather the storm and keeping you alive. It is not uncommon Credit card Issuers to reduce their risk by lowering credit limits or closing accounts when there is a possibility of economic distress. Credit card issuers … Read more

In a rare sit-down, Nobel Prize-winning economist Peter Diamond sees a “major shift in power from employers to workers underway”

Peter Diamond, the 2010 Nobel Prize winner in economics, has kept away from journalism for most of his long and illustrious career, stating that he worries about being misunderstood. Given the opportunity to interview him, MarketWatch jumped at it. His supporters believe Diamond may be the smartest economist. His selection by President Barack Obama to … Read more

Can the Fed Tame Inflation Without Further Crushing The Stock Market? What’s next for investors?

The Federal Reserve isn’t trying to criticize the stock market for quickly raising interest rates in an attempt to slow still-hot inflation — but investors need to be prepared for more pain and volatility because policymakers won’t be scared, investors and strategists said of a deep selloff. “I don’t think they’re necessarily trying to drive … Read more