21 October 2010
It has been no secret that in recent times the world economy has been embroiled in a bit of a battle of attrition unlike any other. It really has been a case of “us against the world”, as some romantically like to label it. Every nation has tried to look out for its own interests [...]
Posted in Money0 Comments
19 October 2010
Perhaps the biggest fallout of the entire economic crisis is that there has been a widespread series of foreclosures on homes, thus leaving millions of homeowners homeless and suddenly without a roof over their heads. A lot of these homes were simply reclaimed since the homeowners lacked the capacity to pay for the homes that [...]
Posted in Real Estate0 Comments
14 October 2010
It is, in many ways, absolutely amazing how Europe’s watchdogs and central monetary figureheads have almost stood by while the sovereign debt crisis first snowballed. It was almost as if the European Central Bank was a reluctant bystander, unwilling to shoulder the responsibility and burden of some of the member states of the European zone. [...]
Posted in Economy0 Comments
12 October 2010
Pakistan right now is in a state of near-breakdown. A state of economic being that is best described as shambolic coupled with the ravages of Mother Nature means that this strategic partner of Uncle Sam is in a state of spreading paralysis. If you think President Obama has it bad, you’ll positively feel pitiful of [...]
Posted in Economy0 Comments
07 October 2010
It is one of those aphorisms that is just so true in the international financial community, a bit of financial humor if you will. It is said that if any high-ranking official comes out in the open and flat out denies something that is happening in the currency markets, chances are that it is true [...]
Posted in Finance0 Comments
05 October 2010
Are taxes getting to you and getting your spirits down? If you, like us, love to lead the good life, get on the plane to a land of tax cuts where spirit flows freely and the spirits are always high. “But where are these mysterious lands”, you may ask. An excellent question, my dear Watson; [...]
Posted in Tax0 Comments
01 October 2010
Everyone keeps on talking about the downside of this recession and how it has taken the wind out of our economic sails, but there is actually an upside to it. No, this is not a very early April Fools joke, it’s not even April yet, for crying out loud! The good thing that has come [...]
Posted in Money, Saving0 Comments
28 September 2010
The year was 1913, and it was when the Federal Reserve was created in order to stem the impact of any financial panic that might arise in the markers. That goal took some time to be achieved, but the Federal Reserve did eventually grow into the force it was meant to be, albeit after World [...]
23 September 2010
Talk is dirt cheap, and every goes about shoveling it around freely. And inevitably, the most banter comes from large banks that are too large to fail, lest their death creates shock waves among those invested in the banks well-being. Time and again, as banks have started to show signs of dying out, it is [...]
Posted in Banking0 Comments
21 September 2010
The storms that swept through New York City some days back were bizarre to say the least. If anything, it reminded me of scenes straight out of Ghostbusters and the National Weather Service went so far as to say the storm contained “tornadic” elements. That was Thursday evening, and sitting at my computer in a [...]
Posted in Economy0 Comments
16 September 2010
The honeymoon period is done and dusted and a bitter fight looms large for the Obama administration as America Inc. is (maybe rightly) alarmed over regulatory initiatives aimed squarely in their direction. At a time when production and output is down, corporate America needs to be encouraged to up production and create jobs, not criticized. [...]
Posted in Economy0 Comments
14 September 2010
These are tough times, and tough times call for tough measures. In Greece, it is the government that has sunk the banking system, but over here in America it is the banking system that has crippled the government irrevocably. Enough is enough; all banks that aren’t fit enough or up to scratch should just be [...]
Posted in Banking0 Comments
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