Saving is the new spending

“Saving is the new spending” is the tagline for Ubank, which is currently my favourite bank for my SMSF term deposits. I am not sure how true this is in Australia as the mood of the general public appears to be “relax, spend as the good times are coming back again”. Unemployment is down, our [...]

Making the right choices can be hard

Last year I went through a period of reckless eating and the result was I put on 5 kilos. When I realised that I can no longer fit into my size 10 jeans, I had two choices – either buy new size 12 jeans or lose weight. The first choice seems like the easy choice [...]

Is it really different this time?

Recessions are nothing new. From the chart above, there has been 5 recessions (grey areas) in the last 30 years in the US. A recession is usually a few quarters of negative GDP growth. After some help from the government and the reserve bank in the form of incentives and interest rate cuts, the recession [...]

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 [...]

Case for Deflation

Asset deflation is already a foregone conclusion in the US as the price of property and stocks have been falling in the past two years. Price deflation only started to manifest itself later with CPI falling from mid 2008 and finally turning negative in 2009. Those who predicted deflation based their case on falling US [...]

Sponsored links

Book Store