financial crisis Archive

  • Staff reductions at some of the world’s biggest banks are far from over. Deutsche Bank AG, which has held employment close to its 2010 peak, plans to slash 26,000 positions by 2018, following a trend that began with the financial crisis.

    Half a Million Bank Jobs Have Vanished Since 2008 Crisis: Chart

    Staff reductions at some of the world’s biggest banks are far from over. Deutsche Bank AG, which has held employment close to its 2010 peak, plans to slash 26,000 positions by 2018, following a trend that began with the financial crisis.

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  • Bankers’ misdeeds would be cataloged, by name, on a private registry for hiring managers under a proposal that’s gaining traction as Wall Street firms struggle to restore reputations damaged by the financial crisis and the Libor and foreign-exchange scandals.

    Wall Street Mulls Naughty List for Ethically Challenged Bankers

    Bankers’ misdeeds would be cataloged, by name, on a private registry for hiring managers under a proposal that’s gaining traction as Wall Street firms struggle to restore reputations damaged by the financial crisis and the Libor and foreign-exchange scandals.

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  • I know I mentioned before that management are highly ethical. I can assure you they have a good reason to overstate their growth numbers: if the numbers reflected reality, they’d all be fired! We can’t have that can we? So they just “massage” things a bit to make the company’s growth look better than it is and to downplay the rise in costs that are squeezing its margins.

    Would You Buy This Business?

    I know I mentioned before that management are highly ethical. I can assure you they have a good reason to overstate their growth numbers: if the numbers reflected reality, they’d all be fired! We can’t have that can we? So they just “massage” things a bit to make the company’s growth look better than it is and to downplay the rise in costs that are squeezing its margins.

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  • It’s a prudent idea to heed this lesson from Italy, for as the banking malaise in southern Europe spreads, cash is likely going to be a premium asset in the rest of the world as well. And it certainly makes sense for individuals to have some holdings of cold, hard cash in addition to physical metal.

    Why You Always Want Physical Everything

    It’s a prudent idea to heed this lesson from Italy, for as the banking malaise in southern Europe spreads, cash is likely going to be a premium asset in the rest of the world as well. And it certainly makes sense for individuals to have some holdings of cold, hard cash in addition to physical metal.

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  • Given the insane levels of debt, rampant inequality,  currency debasement, failure to punish financial fraud, letting the private banks take over the system of credit creation, de-linking of fiat money from anything real, growth of the too big to fails, repeal of Glass-Steagall, refusal to rein in derivatives, sovereigns taking on banks’ debt, crony capitalism, endless war, and other shenanigans … our financial crisis was entirely foreseeable.

    The Financial Crisis Was Foreseeable … Thousands of Years Ago

    Given the insane levels of debt, rampant inequality, currency debasement, failure to punish financial fraud, letting the private banks take over the system of credit creation, de-linking of fiat money from anything real, growth of the too big to fails, repeal of Glass-Steagall, refusal to rein in derivatives, sovereigns taking on banks’ debt, crony capitalism, endless war, and other shenanigans … our financial crisis was entirely foreseeable.

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  • This is what a spending, consumption based economy looks like. Saving is not required because it halt 'growth' of the economy. If you think that all these will benefit majority of the people here (the 99%), think again. Look what happen to Wall Street 'financial district' and its relation to the current overall condition to the US.

    News – Putting KL on world finance map

    This is what a spending, consumption based economy looks like. Saving is not required because it halt 'growth' of the economy. If you think that all these will benefit majority of the people here (the 99%), think again. Look what happen to Wall Street 'financial district' and its relation to the current overall condition to the US.

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  • So, that all action is synchronize and coordinated by one central planners, which is Bank Negara, mostly for the benefit of the market player (i.e. bankers). A sync and well coordinated action is needed in the banking sector so that each participants (bankers) will support each other and become like the banking cartel in US and Europe.

    News – Call to extend new lending rules to non-bank financial firms

    So, that all action is synchronize and coordinated by one central planners, which is Bank Negara, mostly for the benefit of the market player (i.e. bankers). A sync and well coordinated action is needed in the banking sector so that each participants (bankers) will support each other and become like the banking cartel in US and Europe.

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  • Gradually? Is it means that, later when price went up 100%, "gradually", it is not that bad as compare to sudden price spike? Both "gradual" or spike increase in price is STILL an inflation! Why do they still want to manage people perception towards things (inflation) that is inevitable when government print more money.

    News – Prices of consumer goods likely to increase gradually

    Gradually? Is it means that, later when price went up 100%, "gradually", it is not that bad as compare to sudden price spike? Both "gradual" or spike increase in price is STILL an inflation! Why do they still want to manage people perception towards things (inflation) that is inevitable when government print more money.

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  • Investors can protect their portfolios by purchasing physical bullion. Just as with any large asset purchase, demand documentation that confers legal title to the bullion you are purchasing, review a written custodial agreement that specifies insured, allocated storage without giving the custodian the right to deal with the bullion in any way, and insist on Good Delivery bars.

    Allocated Bullion Storage: Do You Really Own the Bullion?

    Investors can protect their portfolios by purchasing physical bullion. Just as with any large asset purchase, demand documentation that confers legal title to the bullion you are purchasing, review a written custodial agreement that specifies insured, allocated storage without giving the custodian the right to deal with the bullion in any way, and insist on Good Delivery bars.

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  • The recent increase in the number of new launches offering smaller units in established locations and popular suburbs is driven by the scarcity of land and high land costs, as well as pressure for developers to keep end-pricing affordable. Although the units are small, on a per sq ft basis, the price will be higher than the larger units.

    News – Malaysia’s real estate remains a preferred investment choice

    The recent increase in the number of new launches offering smaller units in established locations and popular suburbs is driven by the scarcity of land and high land costs, as well as pressure for developers to keep end-pricing affordable. Although the units are small, on a per sq ft basis, the price will be higher than the larger units.

    Continue Reading...