Are we rich or do we just look rich?

Stock markets across Europe tumbled more than 3% last night on the news of debt problems at Dubai World, a government investment company in Dubai. Banks who are the major creditors for Dubai World were the worst hit, with the Royal Bank of Scotland share price falling by 8%. Yesterday, the Shanghai stock market also [...]

Australian house prices in 2010

There is a great debate going on whether property prices will continue to go up, or collapse in 2010. The recovery in property prices in 2009 has been nothing short of spectacular. In many areas, prices are now even higher than what they were in the last housing boom which peaked in December 2007. The [...]

Meredith Whitney: Sell the banks

I noticed early this morning that some banks in the US finished in the red despite a very bullish day where the major market indices made new highs. When the Australian markets opened later in the morning, I noticed that the major Australian banks also registered big drops in price. At the time of writing, [...]

Addicted to Money

Have you been watching the ABC documentary “Addicted to Money” that is currently being aired on Thursdays at 8:30 pm on ABC1? It is a three part series about the Global Financial Crisis that is produced by Electric Pictures, an Australian production company in association with ABC Australia, RTÉ Ireland and S4C UK, and presented [...]

High interest cash accounts for SMSFs

In my last blog post, I mentioned that with the rising interest rates and low inflation, cash is becoming an attractive investment option especially when compared to the increasingly volatile stock market. I started my search for good high interest savings accounts and term deposits and noticed that some of the highest yielding accounts were [...]

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