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- 1. Caveat OFW – Scammers at the Gates, Part 1
- 2. The Tale of the Oilman and How Herds Trash Reason
- 3. Why We Should Beware of “Proprietary Strategy”
- 4. The Four Telling Signs of Lack of Investment Literacy
- 5. The US Anti-Outsourcing Bill and Its Possible Impact on OFWs
- 6. The Good Luck Charm That I Know
- 7. When Humans Bend Credit Rules, Ghosts Appear and Darkness Looms
- 8. Is Franchising the Road to Entrepreneurial Success
- 9. Are You Ready to Invest in Mutual Funds
- 10. The Three “Musts” of an OFW Bank
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Category Archives: Debt Crisis
After touching in the last post the question on who makes better investors, the husbands or the wives, it is high time we take up this issue for this post. Should it be the husband or the wife who should … Continue reading
With the issue of Euro zone debt taking center stage again – with Greece in real and immediate danger of default –it looks an opportune time once again to take a rather philosophical view about debt or its mirror twin called credit.
I originally wanted to write something about New Years Resolutions or the futility of it, but I have been overwhelmed by the holiday overindulgence and stupor.
With a week gone from New Year, it looks passé anymore to even talk about Resolutions.
Hence, I decided instead to write something about what, I believe, are in store for 2012.
As the Christian world celebrates Halloween, All Saints Day and All Souls Day on October 31, November 1 and November 2, respectively, it looks like an opportune time to write a few things about Halloweens, ghosts and haircuts.
Occupy Wall Street” that is the battle cry… and the “name” of the protest movement.
Time and again, arrests have been made by the police for trespassing and other flimsy reasons. But this only seemed to add fuel to the fire, so to speak.
The handful gave way to hundreds and the hundreds gave way to thousands. Now the thousands have given way to hundreds of thousands .
Take this post as a rant or call it anything. It is difficult to talk about “modern day debt slavery” as we mentioned in the last post, without getting angry at the perpetrators.
In an even earlier post, we discussed about the “Curse of the Plastic – Why We Should Beware of Credit Cards.”
Well, it is the same “curse” that is worth discussing hundreds of times. We need an overkill on this very important issue.
Credit card debt is like an “Achilles heel”, an area where common folks like us, are most vulnerable. It is so pointless trying to save unless we solve our vulnerability to get victimized by this curse.
After the rather drab tutorials of the last two posts, it is time we take up again more controversial issues; they seem never to run out nowadays.
About two weeks ago, my attention was caught up by stories of our countrymen, fellow OFWs, as well as expatriate workers from other third world countries, being caught in debt trap in one of the oil-rich kingdoms of the Middle East.
We interrupt our mutual fund series for this important post on the looming debt crisis. Or, never mind the word “looming”; it has been here all the while.