HFS Headlines

THE GREEK DEBT CRISIS

Posted by on Jul 14, 2015 in blog | Comments Off on THE GREEK DEBT CRISIS

Greece is in the headlines regarding its position within the European Union (EU) and its ability to pay its July 20 bond payment.

 It’s important to keep Greece’s economic impact in perspective and to note that the risk of a Greek default in terms of its broader economic impact is reduced today relative to prior flare-ups of this question (though not eliminated, of course). As economist David Rosenberg wrote in his June 16, 2015, “Breakfast with Dave” column, “Remember that we are talking about a $240 billion economy here or 2% of the eurozone GDP [0.3% of global GDP].” Moreover, more than 80% of the total €315 billion Greek debt is held by government-related/taxpayer-supported entities, such as the ECB, International Monetary Fund, and the European Financial Stability Facility, according to data from Capital Economics. (more…)

Teach Your Children Well

Posted by on Apr 17, 2015 in blog | Comments Off on Teach Your Children Well

Teaching our children well is a responsibility all parents share. Here is an article with tips for how to teach your children about money and how to use it wisely. Read More.