Month: September 2008
Below are all the posts archived for the month.
Asian markets do not fall that much
in Opinion
After the bail-out fizzled out in the Congress, US Investors lost over a trillion dollar worth of market capitalization in a day. The next day was expected to be really bad for Asian markets, but these markets have not done so badly today. In fact none of them had a fall as bigger as the
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Will the 700 billion dollars bailout work?
in Opinion
There is a huge outcry and angst against the $700 billion bail-out plan by Messrs Paulson and Bernanke. The public is angered that they will have to foot the bill in form of taxes. And the cost of the bailout is almost as much as the Iraq war. This anger is understandable, but there doesn’t
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How much will my credit score dip if I miss a payment?
in Articles
Everyone knows that their credit score will take a hit if they miss their credit card payments or max out their credit cards. A lot of people find themselves in such situations and wonder how badly their credit score will be hit. While the exact drop in your credit score will depend on your particular
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Your APR is not really your annual rate of interest
in Articles
Annual Percentage Rate or APR is a term widely associated with credit cards but is hardly ever understood correctly. One of the most common misconceptions is that it is the annual rate of interest. Although APR is an annual rate since it is charged monthly, in effect it translates into much more. For example if
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A full green Danish island
in Opinion
I came across a very interesting and perhaps unique example of an island which is fully self sufficient when it comes to its own electricity generation. Samso is an island in Denmark with permanent population of only 4000 and an area of 40 square miles. The unique thing about this island is that they generate their
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Find out whether your credit application will get rejected
in Articles
A credit inquiry is not good for you because every credit inquiry pulls down your score by a few points. For most people this does not impact their score at all because five or six points can be covered in pretty good time, especially if your credit is approved. However, if you get rejected, you
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What is common between John McCain and Joseph Stiglitz?
in Opinion
John McCain said today that if he comes to power he will fire the SEC chief Rox because the regulator has failed to perform his duty. This is a bid from the McCain camp to distance itself further away from the Bush administration and point out how many things that administration got wrong. What is
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How does closing a credit card affect my credit score?
in Articles
There are two factors that impact your credit score when you close a credit card. One of them impacts it in the short term and other one in the longer term. The good news is that the factor that impacts it in the short term can be easily managed and you can close out the
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Dilbert creator – Scott Adams does a poll of Economists
in Opinion
Scott Adams is the creator of the popular cartoon series Dilbert and he writes a very interesting blog. In fact that is the only one that I follow regularly. In fact on days when he doesn’t write, I feel disappointed. He recently did a survey of economists to find out the views of economists, on
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Japan has problems of its own
in Opinion
With Lehman and AIG on everyone’s mind the entire spotlight is on the US Financial market right now. In all of this gloom and doom stories surrounding US, the second largest economy in the world Japan has been completely forgotten by market pundits. But the truth is that Japan’s economic situation is getting worse by
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