Boston and New York have had rivalries in food, academics and sports for decades. The two cities here will go head to head exactly where you can vote on the very best pizza in Boston or New York, the best schools, and of course, the timeless Red Sox vs. Yankees rivalry.
I believe there is a productive conversation to be had about whether or not economic firm income are also high” or whether or not the firms are a lot more highly subsidized than they need to be (my answer to each would be probably”). But it appears to me that comparing their profits with their sector’s GDP contribution is unfair. A a lot more fair comparison would be figuring out how a lot overall GDP would decline without having the existence of the finance industry (which is, of course, impossible) and comparing that to existing financial sector profits, or estimating how a lot lowering bank profits by way of lowered subsidies, law adjustments, and so on. would affect their willingness/ability to lend (and its corresponding impact on GDP). There are a number of studies about how a credit crisis impacts GDP as nicely.
Expectations: Maintain them in check and never expect to get a $50,000 loan if you have a 520 FICO and only make $32,000 per year. Prosper will calculate your Debt to Earnings ratio which I will clarify later but just recognize that if you make $2000 per month and your monthly expenses are $1000 per month …Read More