Global financial crisis
A generational guide to the economic slow down
Author Tammy Erickson shares some interesting tips for making the most of the current economic environment based on your lifestage. Listen to the quick interview (11mins) she did on the Harvard Business Review podcast (episode 123). At the conclusion of the interview the interviewer references a blog post by Erickson where she makes the point that [...]
How the Global Financial Crisis Started
Courtesy of Scott Adams, the creator of Dilbert. (The full strip may not show below, so click on the image to see the third pane of the strip.)
Stimulate a Financial Planner
As the first of the Government’s fiscal stimulus hand outs are distributed, the Prime Minister Kevin Rudd is urging Australians to be patriotic and stimulate the economy by spending it. Retailers would love you to spend it in their shops before Christmas, but economists agree that it doesn’t really matter what you spend it on, [...]
Thanksgiving Menu 2008
I just read this bit of wit in the December edition of Noel Whittaker’s newsletter. Whittaker didn’t quote the source, but I think the person is worthy of congratulations as it is quite clever. So if you know the origin please let me know. Appetizers Mélange Of Frozen Markets Tossed Assets With Government Guarantees Frisée [...]
Don’t talk yourself into tragedy
At yesterday’s Annual Dinner of CEDA, Glenn Stevens, the Reserve Bank (RBA) Governor shared these wise words in his conclusion: “…given the underlying strengths of the economy, about the biggest mistake we could make would be to talk ourselves into unnecessary economic weakness. Yes, the situation is serious. But the long-run prospects for the Australian [...]
Cop a dose of Harden Up
If you allow the nightly news to permeate your conscience your Money Mindset will be having a tough time right now. It is important to take a step back to observe what is happening and look for alternate perspectives and opportunities. “Be greedy when others are fearful…” says Warren Buffet (and has done for decades.) Michael [...]
What Warren Buffet is Doing: in his own words
“Buy Amercian. I am.” declared Warren Buffet in an opinion piece in the New York Times on October 17th, 2008. This article is written by Warren Buffet and I highly recommend you read it here. In his own personal account he says that he has been buying American stocks. He also says that people who [...]
Over 10 years they’ve never lost
With the sharemarket hangover fairy still bashing around inside our heads it can be tempting to proclaim “never again will I drink from that font of wealth creation.” But where’s the fun in that? It’s time to continuously remind ourselves to take a strategic view and keep a long term perspective that matches the period [...]
How to survive the recession
On the ABC’s 7:30 Report on Wednesday night, Economist Associate Professor Steven Keen gave the following prediction for Australia this year: “Best case scenario is a recession more severe than 1990 and lasting one and a half times as long. Worst case is something up to the level of the Great Depression which was 20 [...]
Investors or pussys?
“Investors wiped another 5 per cent off the Australian share market…” So was the opening sentence of the front page article of The West Australian newspaper yesterday (9th October 2008). It should have read: “Anxious, emotionally fragile, short sighted sellers wiped…” Movement in the share market index is based on actual trades completed. For every [...]
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