10th June 2009
Some people find always tricks to help themselves during times of economic crisis. Legions of employees have lost their jobs. Glamorous investment bankers have been dismissed and experience the struggle of life now. The time of big bonuses is for many of ...
15th May 2009
Readers may think about following facts: Total U.S. consumer debt (without mortgage debt) reached $2.56 trillion at the end of 2008, up from $2.52 trillion at the end of 2007. (Source: Federal Reserve's G.19 report, February 2009). The average credit card...
15th May 2009
Readers may think about following facts: Total U.S. consumer debt (without mortgage debt) reached $2.56 trillion at the end of 2008, up from $2.52 trillion at the end of 2007. (Source: Federal Reserve's G.19 report, February 2009). The average credit card...
15th April 2009
The longer the financial crisis goes on, the more signs evolve that the world drifts towards a time of high inflation. The governments of all important countries have spent trillions of Dollars in order to bailout the banks and to stimulate the economy. T...
02nd April 2009
It is very difficult to get a loan nowadays. Banks have restricted to lend money to people with bad credit reports. This is a result of the financial crisis. Even many people with good credit scores in the beginning of the financial crisis are meanwhile i...
25th March 2009
Pension funds have lost about 5 trillion dollars worldwide during 2008. And the disastrous losses do not stop at that amount because the stock exchanges have started the year with further grave losses. The financial crisis will have a serious impact on th...
13th March 2009
Pension funds have lost about 5 trillion dollars worldwide during 2008. And the disastrous losses do not stop at that amount because the stock exchanges have started the year with further grave losses. The financial crisis will have a serious impact on th...
09th March 2009
The US judges and courts have managed at last to shoot a big hole into the thick wall of the Swiss bankers secret. UBS, the biggest Swiss bank, was forced down to hand over the files of about 300 US customers that are under allegation of tax evasion. The ...
01st March 2009
President Obamas’ program in order to stimulate the economy has taken the hurdles of the Congress after some compromises among the parties. It is the largest economic rescue program since Roosevelts New Deal. The 789 billion stimulus measures are split ...
18th February 2009
UBS has informed to cut 11,000 jobs, the day before Nissan reported to cut 20,000 jobs. We listen to this kind of news daily. Economists estimate that about 50 million jobs will be crossed worldwide because of the actual financial crisis. It means that le...
31st January 2009
“Many errors in personal finance can be prevented. But first, people need to understand what they ought to do”, says the Nobel Prize Winner and economist Robert Shiller. It is true that many people bet in markets and do investments that they do not un...
22nd January 2009
Many people and families are forced to cut their personal expenses for their daily consumption. They have already lost their job or they worry about their job. Many workers sit at home because the employer has sent them to an extended holiday and their sa...
21st January 2009
Many people are forced to cut their personal expenses for their daily consumption. They have already lost their job or they worry about their job. Many workers sit at home because the employer has sent them to an extended holiday and their salary has been...
20th January 2009
There are no longer any doubts. The world undergoes the worst financial crisis for decades. Some experts already state the world could be faced with an even worse crisis than the Great Depression during the thirties. US professor Robert Shillers belongs t...
16th January 2009
Everybody hopes to find the grail how to make money asleep. The internet is full of promising websites that lure visitors with “make 1’000 Dollar a day” schemes. This is not what I mean. There is a real and sustaining opportunity to make money and t...
