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Category Archives: Debt Crisis
Should the Saver or Investor Be the Husband, or the Wife
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
The Root Cause of Debt Default
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.
What’s in Store for 2012
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.
Posted in Debt Crisis, Doomsday Scenarios
Tagged "end-of-the-world", 12-21-12, America's Financial Doomsday, August 2 2011, George Clason, Harold Camping, Martin Wess PhD, Mayan Doomsday prediction, New Year's Resolution, President Obama, rapture, Supreme Court Chief Justice Renato Corona, US Debt-to-GDP Ratio
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The Heavens Giveth and the Heavens Taketh Away
I was poised to leave the Greek debt issue and move on to other topics when suddenly, the issue made a one hundred eighty degree turn.
Hardly had the ink dried in the supposed grand Halloween haircut deal when suddenly, the Greek Prime Minister George Papandreou announced that the deal will be subjected to a referendum by the Greek electorate.
About Halloweens, Ghosts and Haircuts
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 – The Zombies Are Coming
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 .
The Curse of the Passersby Chasers and the Bastardization of the Credit Card
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.
Posted in Credit Cards, Debt Crisis, Savings Discipline
Tagged " bouncing checks, "The Curse of the Plastic - Why We Should Beware of Credit Cards", 'Be Investment Literate or Go to Jail - Tales of Modern Day Debt Slavery, Achilles heel, ambulance chasers, elementary rules of credit, modern day debt slavery, passersby chasers, subprime fiasco, the bastardization of the credit card, the curse of the passersby chasers
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Be Investment Literate or Go To Jail – Tales of Modern-Day Debt Slavery
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.
Posted in Debt Crisis, Savings Discipline
Tagged ", "About Unwanted Risks and Burdens, Be investment literate or go to jail, Filipinos caught in credit card trap, New York Times News Service, Tales of modern day debt slavery, The Four Telling Signs of Lack of Investment Literacy, The Richest Man in Babylon
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Darkness Looming on Debt Issue – What Lesson Can Be Learned
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.