Archive for the ‘Central Banks’ Category
Thursday, November 13th, 2008
Yesterday US Treasury Secretary Henry Paulson stated US government will provide bail-out $700 billion to financial institutions to help consumer credit market. US government has already pumped $250 billion money to a total of 52 banks which might be higher.
Posted in Bailout, Central Banks, credit, credit card, economy | 7 Comments »
Sunday, November 2nd, 2008
Raising the interest rate to increase South African government spending to relieve South African Poverty, it is going destroy the investors' confidence.
South African Reserve Bank has increased interest rate by 5% within last two years. Rand is reaching the lowest level in the past 6 years. New financial minister still ...
Posted in Central Banks, Interest Rate, economy | 7 Comments »
Friday, October 24th, 2008
Americans are short of credit, but Greenspan, it was all your fault.
If Americans want to blame the economic downturn, the first one should be blamed is Greenspan. When he was financial minister, he was one eager to push the economy by printing US dollars. By giving the innocent Americans what ...
Posted in Central Banks, credit, economy | 3 Comments »
Thursday, October 23rd, 2008
The bailout doesn't change the leading believe: the economy is heading recession. The truth may be hurting, but the bailout doesn't back up people confidence of future economy.
What is the next move of Federal Reserve Bank? Bernanke already proposed a warming up economic stimulus plan on Monday.
Posted in Bailout, Central Banks, credit, economy | 3 Comments »
Wednesday, July 2nd, 2008
I am used to Electronic money, Digital money. I mean my internet banking, bank cards. I keep some pennies in my pocket only for tips, rail and bus. I remembered one time I was in traveling, I can't pay my tips at the airport, I felt so embarrassed.
There are several ...
Posted in Bank Accounts, Central Banks, Internet Banking | 1 Comment »
