Meet Contributor - George Yacik

George has been a financial writer for more than 30 years. He began his career at The Bond Buyer, covering the municipal and corporate bond markets and municipal finance. He then moved across the hall to American Banker, where he was the managing editor of the newsletter group. He then joined SMR Research Corp. in New Jersey as a vice president, where he lead as the research analyst and project leader for SMR's studies on residential and sub-prime mortgages, home equity lending, credit cards, consumer credit and personal bankruptcy for more than 15 years.

Since 2008, George has been a freelance writer for a variety of publications, websites and blogs, including Financial Planning, The Trust Advisor, Treasury & Risk, Bankrate and Consumers Digest. He also writes for several corporations, research companies and industry associations. He received his Bachelor of Arts degree in English/Journalism from Rutgers University and a professional graduate certificate in corporate finance from Sacred Heart University.

3 thoughts on “Meet Contributor - George Yacik

  1. Yes - the Fed will do what ever it "thinks" it needs to do to put out this fire. The problem, however is the unintended consequences of it's actions. Currently there is a global cash call taking place like the world has never seen. After 2008, loose credit and easy money has kept non viable entities alive. Attempting to buoy these otherwise non viable entities will only exasperate this problem. Unfortunately, we need a "purging" of excess, permitting the creative innovators to pick up the pieces and rebuild our economy. It will not be pretty, but we will be back. The United States has tremendous natural resources, political security, and infrastructure, like no other in the history of the world. It will just take some time.

  2. George: Good take on Yellen. All we ever hear in the news from the Fed is whether or not they are changing the interest rates. Without doing half a ton of reading,what else, if anything, do they accomplish?

    1. That begs the question... what good does the Fed do for the average citizen... cause prices to go up, wages follow more slowly, employees are pulled into the public sector, and our dollar deteriorates?

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