Category Archives for Market
The Inside Story of America’s Economic Crisis
CNBC has done up a very nice website showing in chronological order the story behind America’s economic collapse, highlighting key players and events. Bloom, Bust and Blame – The Inside Story of America’s Economic Crisis It explains clearly in layman’s language the circumstances leading to the subprime crisis, including videos of some breaking news and interviews […]
US Home Foreclosures at Record High
Foreclosure filings in the U.S. climbed to a record for the third time in five months in July. July’s foreclosure filings rose 32 percent from a year earlier and 6.7 percent from June. A total of 360,149 properties received a default or auction notice or were seized last month. Recall that the earlier instances of […]
Warren Buffett’s Top 3 Advice For the Average Person Who Wants to Grow Their Savings and Keep it Safe
If you come across any investment opportunity, keep the words of Warren Buffett in mind: 1. If it seems too good to be true, it probably is. 2. Always look at how much the other guy is making when he is trying to sell you something. 3. Stay away from leverage. Nobody ever goes broke […]
Ben Bernanke Grilled at Capital Hil
Here are some comments by Ben Bernanke on the current economic situation. The economy is showing tentative signs of stabilisation. A levelling out of economic activity is the first step toward recovery. However, he cautioned that we will not have a sustainable recovery without a stabilisation of our financial system and credit markets. Mounting unemployment, […]
Warren Buffett Post AGM Interview
CNBC’s Becky Quick managed to catch hold of Warren Buffett on Monday for a quick interview following Berkshire’s AGM over the weekend. Some points from the interview include: Warren Buffett is optimistic about the U.S. economy over the long term, but has no idea how it will be in the short term. It will ultimately […]