Money

Experts say these are the 5 best ways to recession-proof your emergency fund

2 days ago   |   By Business Insider

Adamkaz/Getty Images
In the event that we enter a recession because of the coronavirus crisis, it's important to have enough savings on hand to cover any lost income.
An emergency fund is a critical tool for protecting yourself, but relying on it to replace your income means those funds disappear fast.
I decided to ask experts how to "recession-proof" an emergency fund to ensure that money lasts as long as possible.
They advised adding extra money to your savings now, cutting back on expenses, paying down debt, and having enough insurance to cover you so you're not relying solely on your...
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George Soros says Europe should tap up an obscure bond used during the Napoleonic Wars to save itself from a coronavirus depression

George Soros says Europe should tap up an obscure bond used during the Napoleonic Wars to save itself from a coronavirus depression

2 days ago   |   By Business Insider

FABRICE COFFRINI/AFP/Getty Images
Hedge fund veteran George Soros says Europe should introduce so-called perpetual bonds - bonds that have no maturity - to help finance the response to the economic impact of the coronavirus.
With a perpetual bond, the principal, or the amount that is borrowed, is never paid back, and the borrower only repays the interest on the bond.
Such bonds have been issued during times of crisis before, Soros said, noting that the UK issued perpetual bonds during the Napoleonic Wars.
Soros' suggestion comes days after France and Germany proposed a €500 billion billion...
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