When Banks Increase Profits In A Falling Market

While we have all seen the headlines about debt problems in the UK, falling house prices, etc, you would have thought that the banks would be struggling to make money.  Think again! The only real way in which banks can lose money, from their traditional banking operations, is by writing off bad debts.  You may find this a little curious because surely as interest rates fall, their profit from each loan, each mortgage  and other instruments will fall – not always. [more...]

Date: 2009-09-25 02:04:09

Blog posts (113) | Videos (29)
 

Learn More About Avoid From Being Bankrupt

The Individual Voluntary Arrangement which provides an opportunity for the debtor struggling with unsecured debts to make a payment proposal to ... is one of the most efficient debt reduction systems that are very popular in UK. The advantages of Individual ... and consumer debt is one of the main problems faced by most of the families in UK today. Hence [more...]

Date: 2008-12-25 10:50:20

Best Guidebook to How To Avoid From Being Bankruptcy

The Individual Voluntary Arrangement which provides an opportunity for the debtor struggling with personal loans or debts to make a payment proposal ... and consumer debt is one of the main problems faced by most of the families in UK today. Hence it’ ... is one of the most efficient debt reduction systems that are very popular in UK. The advantages of [more...]

Date: 2008-12-23 09:39:46

Does more debt to beat the debt-crisis make sense?

Order my book online from this link The UK newspapers are full of a new $33 billion government-backed debt facility for small and medium ... that are already deep in debt is not going to help, or at least not for very long. Does it really ... expatriates. Debt does not solve debt problems However, there is a reluctance to get into directly [more...]

Date: 2009-01-15 05:17:25

Study More About How To Keep Away From Being Bankruptcy

The IVAwhich provides an opportunity for the debtor struggling with personal loans or debts to make a payment proposal to their creditors is a ... systems. IVA is one of the most efficient debt reduction systems that are very popular in UK ... to people to avoid bankruptcy. The personal and consumer debt is one of the main problems faced [more...]

Date: 2008-12-26 04:55:47

'drunk 24 hours a day on cheap credit'

The death toll and risk of nuclear weapons attack on Tehran has been making me forget all the other sources of disaster, ... be instrumental in replacing it""The UK has got much more debt going into the problem and their real estate [more...]

Date: 2009-01-12 16:32:00

Dicing With Debt

Dicing With Debt Posted in January 15th, 2009 Category:Debt Relief Britons are taking on record levels of mortgage and credit card debt, with figures released last year showing that UK personal debts far out weigh that of our European neighbours. For those in need of help with financial problems then the Citizens Advice Bureau [more...]

Date: 2009-01-15 07:42:47

How To Avoid From Being Bankrupt

The IVA which provides an opportunity for the debtor struggling with unsecured debts to make a payment proposal to their creditors is a shield that ... problems faced by most of the families in UK today. Hence it’s high time to get into some modern debt ... by the Insolvency Act of 1986. Today, in this sluggish economy, Individual Voluntary Arrangement ad [more...]

Date: 2008-12-23 02:45:28

How To Avoid Being Made Bankrupt

The IVA which provides an opportunity for the debtor struggling with unsecured debts to make a payment proposal to their creditors is a shield that ... problems faced by most of the families in UK today. Hence it’s high time to get into some modern debt ... by the Insolvency Act of 1986. Today, in this sluggish economy, Individual Voluntary Arrangement ad [more...]

Date: 2008-12-23 08:45:00

Goodhart says ‘sack’ DMO to bolster UK economy

Professor Goodhart is one of the rare central bankers who fully understands monetary operations and therefore recognizes as ... the UK Debt Management Office and refrain from issuing government bonds as a way of bolstering ... that I would like to see, in a sense to get us out of the present problem, would be very simple,” Goodhart [more...]

Date: 2009-01-14 13:26:56

Another Year : New cast of characters, new problems, same old politics

Unexpected Good News in 2008 The Olympics and the haul of gold won by our athletes The wonderful celebrations of Independence Day The Riu Hotel ... , son of a West Indian immigrant to the UK, becoming the youngest ever Formula One World Champion ... implodes under the weight of debt and the global econo [more...]

Date: 2009-01-13 03:29:05

Happy Worker Found At Last – HR Strategy to Thank

Long ago Human Resources (HR) was nothing more than a buzzword. The tyrannical boss was forever imposing deadlines, salary cuts, and unfair treatment onto their unsuspecting workers. This type of strategy planning could only fail when the blue-collar people of the world finally worked out that it was they, the meager and humble worker-bee, that truly made the world go round. In these current times, good employees are hard to come by and even harder to keep – strategy planning is essential. [more...]

Date: 2009-09-21 04:35:53

A Necessary Loan for Your Problem

Secured Loans UK brings grin during a time of tragedy quite it solves typical peoples financial problem. It would be preferred to make make use of of a credit label if we knew we could compensate what we charged on a label any billing cycle in full, to illustrate not removing charged any seductiveness fees. The complaint is which most people in today’s multitude live paycheck to paycheck and demeanour during credit cards as a trouble-free approach to compensate bills and buy things which they want. [more...]

Date: 2009-09-24 03:51:13

Is There An Alternative To Long Term Credit Card Debt?

Credit cards have become a way of life for the majority of the UK population over he last decade of so, but those who treat them with a lack of respect can often find themselves in trouble. Credit cards should only really be considered for short term funding arrangements, with the user certain that they can pay the funds back as soon as possible. However, many have fallen into the trap of multiple cards, with offers for more and more cards dropping through the letter box on a regular basis. [more...]

Date: 2009-09-24 15:02:24

Do You Need A Factoring Facility?

September 24, 2009 | By Thomas Dobson In Finance | by Thomas DobsonPerhaps, when you first read a factoring service contract, it may appear complicated. In reality, though, the idea behind invoice finance is not that difficult to comprehend. With the advantage of factoring, your business has the ability to access finance from invoices almost immediately from issue.What this translates to for small or medium sized business concerns is that invoices that are slow to pay are transformed into cash. [more...]

Date: 2009-09-24 14:24:38

Guest post: Blame the Regulators

Below is a guest contribution by reader Michael Dokupil. Michael points out that ratings agencies and banks are incented to support a market in so-called toxic assets rated triple-A because of a strange regulatory arbitrage. Basel II rules allow a bank to keep much less capital on hand to support AAA assets than is necessary to support lower-quality paper. As a result, banks operating under Basel II rules can leverage up and earn more in interest, with the ratings agencies earning more fees as a result. [more...]

Date: 2009-09-23 15:43:50

Drumbeat: September 23, 2009

Chesapeake says $4 natgas too low to grow output GREENWICH, Conn. (Reuters) - U.S. natural gas prices will have to move higher to spur a resurgence in drilling activity and keep output of the fuel steady, the head of Chesapeake Energy Corp said on Wednesday. The weak U.S. economy has knocked natural gas prices sharply lower in the past 14 months, and sluggish demand for fuel has prompted producers such as Chesapeake to curtail drilling for new supplies. "The industry can cope with $4 gas. [more...]

Date: 2009-09-23 14:08:02

In The News Today

Dear CIGAs, Below are the FDIC numbers. There is no practical means of draining liquidity from the monetary system of the West. Absolutely none! The FDIC had $10.4 Billion in its fund at the end of June. These funds are there to protect more than $6.2 trillion in member bank deposits. Some well respected authorities anticipate the failure of hundreds of banks in the next 12 months. Jim Sinclair’s Commentary Insulate Wall street and flush the good folks. [more...]

Date: 2009-09-24 22:30:29

Company Voluntary Arrangement CVA used to prevent Company Bankruptcy Liquidation

Author : Derek Cooper Should your business be in a position where it is suffering from financial difficulties and is struggling to pay its creditors you may be thinking about cutting your losses and closing the company down This process is often called company bankruptcy The formal term is actually company liquidation If a company is liquidated, the company's trading is stopped and its assets are sold and turned into cash or "liquidated" Before deciding to liquidate your company, it is [more...]

Date: 2009-09-22 05:39:17

Debt Free Direct- Debt Management At Its Best

by Mike King One looks for a variety of options in order to come out of a debt situation and improve their credit status that might have been damaged due to their rising debts. There are many options available to a person, when it comes to paying off the debts. Online help also comes handy to those trapped in a debt situation. A company, which provides great help to the borrowers or the ones in debt, is Debt Free Direct. It is a large company that gives debt advice free of cost to a lot of people. [more...]

Date: 2009-09-22 21:55:56

Rise in Overdue Mortgage Payments

In the first three months of this year more than a fifth of homebuyers in the UK, who have a chequered credit history, have fallen behind on their mortgage payments and even those with top-quality ratings have seen a statistically significant rise in delinquencies. New research from Standard & Poor’s is based on the behaviour of homebuyers, whose loans have been packed in to mortgage-backed-securities, accounting for 80 percent of the £43bn sub-prime mortgage market. [more...]

Date: 2009-09-25 03:11:53

It’s not the H in Whanganui we should fret about, it’s the W in Recession

As you stimulus cash wears off, as the credit addict global economy starts to feel the full blaze of that trillion dollar fix, is it time to ponder what happens when the addict has it’s hit wear off? Aren’t we simply mirroring the same type of bubbles that occurred in the wake of the 29 crash, an event that took 4 years to hit it’s peak (3 years to bottom out in the share market) I think that we are facing a W recession and that the fundamental problems that got us here haven’t been solved. [more...]

Date: 2009-09-23 02:53:00

Russia’s Putin–the next president keeps the West guessing

Vladimir Putin personifies that magical moment when Russia went from being a crippled, post-Soviet state, to a relatively healthy, modern nation. Many will never forgive him for that. But before we understand what exactly it is that unnerves the West about Vladimir Putin, and his potential return to the Russian presidency, it is necessary to understand the political atmosphere in both the United States and in Russia just before his sudden rise to power. [more...]

Date: 2009-09-21 05:58:58

Words from the (investment) wise 9.27.09

Words from the (investment) wise for the week that was (September 21 – 27, 2009) After hitting its best levels of the year on Wednesday ahead of the Federal Open Market Committee’s (FOMC) communiqué, the S&P 500 Index ran into heavy weather on the realization that the Fed could start scaling back on emergency support of the economy. US equities dropped further later in the week on renewed concerns about the state of the troubled housing market and weaker-than-expected durable goods orders. [more...]

Date: 2009-09-27 12:05:27

Weekly Roundup #45 (Links You Don’t Want To Miss)

Readers, Hope you’re enjoying the weekend. Miguel Barbosa -Founder of SimoleonSense SimoleonSense Weekly Favorite : How to Find Value Stocks and Ideas - Via Old School Value - To find the best value stock ideas, you need a competitive advantage over the next person when it comes to stock picking. I’ve been asked many times how I’m able to come up with the obscure totally ignored, low risk high return stocks. It isn’t difficult and I’m hear to let you in on how I do it. [more...]

Date: 2009-09-20 18:52:33

So Darling, Do Your Sums Really Add Up?

They may have been quiet for a while, but the International Monetary Fund (IMF) have now stepped in to deliver a highly critical verdict on the current UK economy, outlook and the problems which lie ahead. While in the recent budget the chancellor stood up and claimed that the UK was well positioned to fight the ongoing credit crunch, and we would not fall into recession, the IMF have delivered a stark counter to those claims. [more...]

Date: 2009-09-25 03:01:28

Student housing committee missing point with new plan

Column by Austin Schmitt Big government has come to the city of Lexington and it doesn’t end with the Lexington-Fayette Urban County Government. The recently publicized new student housing plan presented by LFUCG, and a group within, titled the Student Housing Task Force has come under scrutiny. The plan would prevent off-campus neighborhoods to house students living right next to each other, effectively pushing students farther and farther away from campus. A student gathering on Sept. [more...]

Date: 2009-09-24 02:57:50

Interviews With 10 Great Web Designers Under 21

Over the past couple of weeks I have had the opportunity to chat with numerous great web and graphic designers from around the world. These people all have a few things in common: they are all talented designers, they are earning money by doing what they love, though most importantly they are all under 21 years of age. I highly recommend taking a read through the interviews as they are quite insightful and who knows, you might learn a thing or two. [more...]

Date: 2009-09-24 17:45:53

Classified: 500,000 More Troops for Afghanistan

Classified McChrystal Report: 500,000 Troops Will Be Required Over Five Years in Afghanistan by Tom Andrews - The Huffington Post/Common Dreams Embedded in General Stanley McChrystal's classified assessment of the war in Afghanistan is his conclusion that a successful counterinsurgency strategy will require 500,000 troops over five years. This bombshell was dropped by NBC reporter Andrea Mitchell on MSNBC's Morning Joe on Wednesday: "The numbers are really pretty horrifying. [more...]

Date: 2009-09-25 03:02:00

Words from the (Investment) Wise (Sept. 27, 2009)

After hitting its best levels of the year on Wednesday ahead of the Federal Open Market Committee’s (FOMC) communiqué, the S&P 500 Index ran into heavy weather on the realization that the Fed could start scaling back on emergency support of the economy. US equities dropped further later in the week on renewed concerns about the state of the troubled housing market and weaker-than-expected durable goods orders. [more...]

Date: 2009-09-27 14:33:29

Words from the (investment) wise for the week that was (September 21 – 27, 2009)

After hitting its best levels of the year on Wednesday ahead of the Federal Open Market Committee’s (FOMC) communiqué, the S&P 500 Index ran into heavy weather on the realization that the Fed could start scaling back on emergency support of the economy. US equities dropped further later in the week on renewed concerns about the state of the troubled housing market and weaker-than-expected durable goods orders. [more...]

Date: 2009-09-27 07:51:48

Words from the (investment) wise for the week that was (September 21 – 27, 2009)

After hitting its best levels of the year on Wednesday ahead of the Federal Open Market Committee’s (FOMC) communiqué, the S&P 500 Index ran into heavy weather on the realization that the Fed could start scaling back on emergency support of the economy. US equities dropped further later in the week on renewed concerns about the state of the troubled housing market and weaker-than-expected durable goods orders. [more...]

Date: 2009-09-27 07:51:48

Avoid Company Bankruptcy Liquidation using a Pre Pack or Phoenix

Author : Derek Cooper Pre Pack Liquidation, commonly known as Phoenixing is an option you should consider if your company is no longer financially viable If you are looking at closing (or liquidating) the business, but believe the business idea remains good then look at this process In the Pre-pack liquidation process a new limited company is formed, often by the management team of the old business An agreement is then made for the new company to buy the assets of the old firm The assets [more...]

Date: 2009-09-24 09:02:03

Royal Bank of Scotland Wins a Buyout-Lending Crown

Toby Lewis, of Financial News, files this dispatch on how one bank that received government funds is lending, but to buyouts. Financial News is a Dow Jones publication and a contributor to Deal Journal. U.K. state-backed ... attributed to those businesses incurring too much debt as part of leveraged buy-outs and recaps.” [more...]

Date: 2009-01-07 14:51:22

Royal Bank of Scotland Wins a Buyout-Lending Crown

Toby Lewis, of Financial News, files this dispatch on how one bank that received government funds is lending, but to buyouts. Financial News is a Dow Jones publication and a contributor to Deal Journal. U.K. state-backed ... attributed to those businesses incurring too much debt as part of leveraged buy-outs and recaps.” [more...]

Date: 2009-01-07 17:50:00

Gates of Vienna News Feed 1/5/2009

Read through the official European reactions to Israel’s ground offensive into Gaza: Zapatero, the Vatican, the Italian government — all are pressuring Israel for a ceasefire. The surprise is Dutch Prime Minister Jan Peter Balkenende, who states that it would be pointless to condemn Israel without addressing what Hamas is doing [more...]

Date: 2009-01-06 04:54:00

Gates of Vienna News Feed 1/2/2009

In tonight’s news: Israel is poised to send ground troops into Gaza.A Muslim family was removed from a plane before takeoff, and is being compensated by the airline for the error. CAIR is in high dudgeon about the incident.Thousands of shoes were dumped on a Miami expressway — is that a message for President-eject Bush? [more...]

Date: 2009-01-03 04:42:00

DrumBeat: December 28, 2008

With gas falling, trucks come back NEW YORK (CNNMoney.com) -- After nearly a year of flagging sales, low gas prices and fat incentives are reigniting America's taste for big vehicles. Trucks and SUVs will outsell cars in December, according to researchers at the automotive Website Edmunds.com, something that hasn't happened since February [more...]

Date: 2008-12-28 14:31:34

Re-coupled Vengence: From Downturn to Implosion Risks ?

We've spent a bunch of time on the US economic outlook and the news, as you'd expect, continues to move from bad to worse ... the shallowness of the analysts involved grasp. But that's no longer the problem. Accelerating worldwide ... for the European schadenfreude that this was "just" a US problem. Developing Countries They also issued [more...]

Date: 2009-01-15 21:20:15

More Credit Card Applications Are Being Rejected Than Ever Before

As if we needed more proof that the credit crunch has left a lasting impact upon the UK finance market, the news that between 40% and 50% of all new credit card applications are being rejected is evidence enough.  It seems that the banks and finance companies are running scared, and perhaps taking a more balanced view of potential future problem accounts.  So what is really happening? [more...]

Date: 2009-09-25 02:05:14

Gates of Vienna News Feed 1/8/2009

The latest word is that an agreement with Russia has been reached, and the flow through the gas pipeline will resume.Also, look for the storming of the Israeli consulate in Montreal, as well as other Gaza-inspired violence around the world.Thanks to AA, Abu Elvis, Insubria, JD, Tuan Jim, Vlad Tepes, and all the other tipsters who sent these in [more...]

Date: 2009-01-09 04:49:00

Mortgage and Credit Card Companies Under the Spotlight on Consumer Charging

For the first time since May 1996 reports have indicated that wage increases have risen faster than house price inflation ... that consumers are struggling with debt. Ed Stansfield of Capital Economics, said, “Today’s figures show that for a small but growing minority of borrowers levels of debt have become a problem, despite [more...]

Date: 2009-01-14 23:35:31

Battle of the Titans

For those of you that prepare yourselves, the OPPORTUNITIES will be abundant and limitless; for those that don't it could be a very difficult period ... as they BELIEVE they have the ability to print money and create credit out of thin air endlessly. In reality ... to print wealth through monetary and asset inflation for decades. The first law the G7 is [more...]

Date: 2009-01-15 00:00:37

Impact of Credit Crisis on the Energy Industry - Where Are We Now?

I recently looked through news articles to see which energy sectors were being affected by the credit crisis ... related problems. One is reduced access to credit, making new borrowing difficult for nearly every business that requires debt. Prices for all commodities have been dropping as well. At least part [more...]

Date: 2008-11-30 13:00:54

Economic Potpourri December 26, 2008

The barrage of noteworthy economic news continues unabated. I took a lot of time off posting Christmas Eve and Christmas ... and corporate debt deplete capital. The industry, which puts about 10 percent of its invested assets ... have not seen a mainstream media discussion of one of the big problems facing life insurers [more...]

Date: 2008-12-26 11:26:00

Government to own largest share of RBS

57.9% of the Royal Bank of Scotland will soon be owned by the government, as shareholders have only bought out a tiny amount of the new shares that were offered to them. The small take-up had been predicted, and is likely due to the fact that the offer price of shares was 65.5p – 10p higher than the price at which shares were trading. The Royal Bank of Scotland also owns NatWest, and the share issue was part of the government’s plan to recapitalise banks. [more...]

Date: 2009-09-25 07:20:22

DrumBeat: December 23, 2008

Steve LeVine - Blunder: A New Age for Russia In August, Putin’s Russia seemed unstoppable, specifically after its five-day war with Georgia punctured the appearance of a new era of U.S. power in the former Soviet Caucasus and Central Asia. Georgia seemed the crowning achievement of a several-year-campaign of projecting Russian power over its [more...]

Date: 2008-12-23 14:14:56

UN Pushing for Global Currency

The dollar should be replaced with a global currency, the United Nations has said, proposing the biggest overhaul of the world's monetary system since the Second World War. In a radical report, the UN Conference on Trade and Development (UNCTAD) has said  ... the present system, under which the dollar acts as the world's reserve currency , should be subject to a wholesale reconsideration. [more...]

Date: 2009-09-20 15:11:11

20 tips for living on one income

Thanks to everyone who came by with Christmas greetings over the holidays. Hanno and I appreciated them very much ... and one of you loses your job?Your main goal is to keep your home, feed your family and pay off your debt ... it a try. We had already paid off our mortgage but we had a small amount of debt on our credit cards [more...]

Date: 2008-12-29 04:21:00

How the credit card industry is set to change

The credit card industry has found itself in the news on a number of occasions over the past year or two for one reason or another, ... that in cases where the borrower falls behind with repayments no debt recovery action will be taken for at least sixty days providing the borrower is working with a debt management advisor in a bid [more...]

Date: 2009-01-15 07:00:33

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