Borrowing money

Is your debt destructive or constructive?

Comedian Bob Hope once joked, “A bank is a place that will lend you money if you can prove you don’t need it. We laugh, but it’s true. Credit institutions could not stay in business for long if they lent money to people who could not repay it (with interest). …

Read More »

BharatPe launches into P2P loans with the “12% Club”

BENGALURU : Merchant payments and financial services provider BharatPe is stepping up its game with consumers, entering the peer-to-peer (P2P) lending space with the launch of its product – 12% Club. BharatPe’s P2P offer will allow individual investors to invest and borrow at 12% interest via the “12% Club” application. …

Read More »

Democrats slam McConnell for debt ceiling time bomb

“This debt is Trump’s debt. It’s Covid’s debt, ”said Senate Majority Leader Chuck Schumer. “And the bottom line is that Leader McConnell shouldn’t be playing political games with the full faith and credit of the United States. Americans are paying their debts. Schumer met with Senate Finance Chairman Ron Wyden …

Read More »

Is TORM (CPH: TRMD A) a risky investment?

Berkshire Hathaway’s Charlie Munger-backed external fund manager Li Lu is quick to say “The biggest risk in investing is not price volatility, but whether you will suffer a permanent loss of capital”. So it seems like smart money knows that debt – which is usually involved in bankruptcies – is …

Read More »