One of the important things that we need to know to have a decent life style is ‘where to invest’ our money. Understanding where to put the money safely is perhaps one of the first steps that we need to know. Given the turmoil in the stock markets etc, it might be safer to put [...]
The US Federal Reserve vice-chairman Kohn has defended the decision to buy billions of dollars of mortgage and debt papers from the banks, saying that over the long term this could add over 1 trillion to the economy, and will help generate over 175 billion dollars of tax revenue for the government.
He was defending [...]
I firmly believe that making money is far easier than spending it wisely. A lot of people don’t believe me. I was vindicated when I came across the book Rich Dad, Poor Dad, which also echoed the same philosophy. Any fool can make money. But only a wise man is able to make that money [...]
The US FED is in a dilemma in receiving back the lifeline support it provided to sinking banks few months back. Many of the small banks have already raised over 30 billion dollars in the last few weeks, and have indicated their willingness to return the government fund back to the US FED.
Now the big [...]
The Indian stock markets saw the highest rise in a single session today, with over 14% rise, within one minute of the market starting to trade. Both the National Stock Exchange and the Mumbai Stock Exchange index were stuck up in upper circuit, and the exchanges have put the trading on halt for two hours.
The [...]
We all live in a plastic world. Not only plastics dominate our life in terms of being there in every single product that we use but they are right there in our wallet and determine our life too. The plastic in our wallet is called credit card. The right kind of credit card often determines [...]
I had a great friend of mine who was running a highly successful small sized automobile business in Texas till 2007. But the downturn in 2008 of the US automobile industry, turned his business into huge loss. He was seeing his debt piling up slowly and steadily, and even by 2008 end the business did [...]
The US bank stress test asked the weak US banks to raise a total 75 billion dollars, of which 34 dollars or nearly 45% , was to be raised by Bank of America alone.
The US FED has asked every bank to detail out the fund raising plan before June 6th. Now Bank of America has [...]
The US stress-test on the top US banks is out and it has indicated a huge 75 billion capital shortfall in over five of the top banks, including Bank of America, Citi Group, Morgan Stanley and Wells Fargo.
Of these banks, Wells Fargo and Morgan Stanley have already raised 15 billion dollars through the sale of [...]
The pressure on Barack Obama has started. He has given huge sops to individuals in the lower strata and also given billions of dollars towards banks / insurance companies and also automobile company bailouts.
All these have resulted in the US budget deficit reaching nearly a trillion dollar.
Now with a view to augment the government income, [...]
