India's rupee advanced to its strongest level in almost two weeks after Finance Minister Pranab Mukherjee pledged to rein in the budget deficit.
(Read the article)
Ireland enjoyed a boom like no other in the last 10 years, fuelled by foreign investment and runaway property speculation. But it is all over now, and the desire to emigrate, set deep in the nation's psyche, has taken hold once more
(Read the article)
Greece's efforts to restore confidence in its finances have only called attention to its woes, and now investors are fretting debt contagion could spread to other countries, starting with similarly troubled Portugal, but with markets wondering who's next.
(Read the article)
Economic issues in Europe have dominated the news over the last few days. Greece is in real danger of going bust; years of corruption, government overspending, and tax avoidance are coming home to roost.
(Read the article)
GIVING its broad backing to Greece's latest austerity package on Wednesday February 3rd, the European Commission nevertheless said the country’s government must do more to restore its finances, including further cuts in the public-sector pay bill. Although sounding tough in public, the EU's leaders have decided privately that they will have no choice but to bail out Greece if it proves unable to keep funding itself through the bond markets.
(Read the article)
Greek officials say that the country is facing national bankruptcy as German banks reject reports that they may buy Athens' government bonds.
(Read the article)
OLIVIER BLANCHARD, the IMF's chief economist, and a couple of other Fund economists ruminate in a new paper out today about how macro policy might be reoriented in the light of the crisis.
(Read the article)
China on Friday gave evidence that it was contributing to a faint stirring of global economic rebalancing, but economists say it may be over even before it began!
(Read the article)
If the current financial and economic turmoil has its origins in the US economy and its subprime mortgage debacle, most economists would now agree that its locus has slowly but surely moved to the EU and the eurozone. Specifically, the market's attention has zoomed in on the weaker members of the pack in the form of Greece, Spain and Ireland.
(Read the article)
Metal and energy prices rose Thursday as demand remains strong and as European leaders pledge to help Greece with its growing debt problems.
(Read the article)
European President Herman Van Rompuy announced that the EU will provide debt-laden Greece with "determined and coordinated action if needed," with details to be provided in the next few days. Let the ouzo flow - the big fat.
(Read the article)
Stock markets around the world plunged Thursday by amounts large enough and consistent enough to sends chills through investors everywhere, prompting many to ask: Is something serious happening?
(Read the article)
The Australian dollar closed at a four-month-low on Friday as concerns about sovereign debt in several European nations dampened demand for high-yielding assets.
(Read the article)
Canada's gross domestic product is expected to grow 2.6% in 2010 and 3.2% in 2011, according to the average forecasts in a survey of private-sector economists in December by the federal Finance Department which will form the basis for planning the 2010 Budget next month.
(Read the article)
The Greek government has embarked upon a draconian austerity package, aimed at bringing its budget deficit within the limits required by the European Central Bank. In doing so, it will test – possibly to breaking point – the fundamental tenets of Economic and Monetary Union.
(Read the article)
UK markets fell further in late morning deals as nervousness about how far the Greek debt worries could spread dragged US and Asian markets lower overnight.
(Read the article)
Duvvuri Subbarao on Friday sent out an unequivocal call for help to the government, likening his dilemma of exiting from an expansionary monetary policy to that of the Pandava warrior Abhimanyu in the Mahabharata war.
(Read the article)
Modern humans take pride in themselves and their society due to its perceived superiority. It is contrasted most starkly with a period in Europe known as the Dark Ages , a period of little documented innovation, writing, scientific discovery, and general backwardness.
(Read the article)
Flag carrier Air China said yesterday it expected to return to profitability in 2009, helped by a recovery in domestic passenger demand and lower fuel costs.
(Read the article)
The cost of delivering Middle East crude to Asia, the world's busiest route for supertankers, fell the most in two months as demand slowed.
(Read the article)
Get expert financial advice from Matthew Roszak and prepare yourself for the future.
|
Thanks To Crazymarkets.com
|
Thanks to Crazymarkets.com and our steady stream of articles and analysis, you can decipher the trends. It is like having your own crystal ball. If the markets are an online casino, you can turn it into a online slots machine that never stops paying off.
It is all about control and instead of the marketing controlling you, you are firmly in control of what you are doing. You won't fall into the trap of doubling up in order to recoup losses. When you do this, you've stopped to invest and begun to gamble. Crazymarkets.com hands you the control you need to tame the markets. Should you have any questions or comments please do not hesitate to contact us.
|
|
Investing Yourself in Your Investments
|
When it comes to the financial markets and investing in them, one of the biggest mistakes that people make is that they fail to make the effort to know what they are doing. They are playing the market without knowing what the difference between a put and a call. They have no idea what a butterfly or straddle is. Nor do they know the difference between going short and going long. Forget about being inexcusable, this is unforgivable.
Do your homework. Spend some time doing the research and understand what you are doing.
You’d be excused for thinking this is a rookie error but sadly it’s not. It’s one of the problems why Wall Street fared so badly in the second half of 2008. Many people were doing things they didn’t truly understand. Overleveraging was a massive problem as was sub-prime lending. People were happy to cash the profits but weren’t too concerned what the cost of them was.
The same thing happened with Barings Bank and Nick Leeson. When he was making unauthorized speculative trades this was ok because his ÂŁ10 million profits accounted for about a tenth of Barings annual income. He received a bonus two and a half times his annual salary. But when things went south and losses grew to over ÂŁ200 million they turned his back on him.
You don’t normally hear the sob stories because no one wants to tell them. Everyone only brags about how well they did. But one has to truly appreciate the risks of playing the market. Like anything the potential ups equal the downs and one has to be prepared for both outcomes.
The problem is when people look for short cuts and like most things, you can’t rush things. You just have to let them be and let things take their natural course. If you don’t have any patience, than the financial markets definitely aren’t for you. The same if you are worrier. Do you really want to be logged in to your computer or Blackberry every second of the day monitoring your portfolio and seeing how much money you’ve gained or lost in the last 80 seconds?
Investing is meant to be a step to take care of you at the end of your life. It’s meant to take your worries away. It isn’t meant to be the source of your worries.
|
| 