Recent Posts
Jaeneen Cunningham - Finance Coach
Return To Blog Listing
We will take your understanding of matters financial to a new level of competence. Join in and help us make this site a powerful tool for personal financial literacy.
Recent Posts Tagged With 'finance'
Bull market or just bull?
"Foundations for a bull market are now as strong as they've been in years,though an early and sustained uptrend can't be taken for granted""I think it is pretty well conceded that we have reached or passed the bottom ofthis depression and from now o...
BIS says rate increases a mistake
Chief economist for BIS Schrapnel, Frank Gelber, thinks the Reserve Bank has increased interest rates too soon. Glenn Stevens was as nervous as all hell about a cash rate at 3 per cent but rates in most other economies are going to be stagnant and ho...
US Consumer credit in retreat
US consumers are reducing their use of credit at a much higher rate than expected, casting doubt on recent hopes of a robust economic recovery.Consumer credit, including credit cards, car, student and personal loans dropped at an annual pace of 10.4 ...
Prime borrowers start to default - US
In the US, the long recession and rising joblessness are taking an increasing toll on the nation's most credit-worthy borrowers, who are now falling behind on their mortgage and credit-card payments at a faster pace than people with poor financial hi...
Under-employment and unemployment
In spite of the global financial crisis, Australia’s unemployment rate is holding steady at around 5.8 per cent. Although high, it compares favourably to the continued rising unemployment in other countries such as New Zealand where the rate is 8.5...
Official rates will fall - retail rates may not
The Commonwealth Bank of Australia (CBA) is under fire from all quarters over its decision to raise its standard variable rate (SVR) loans by 10 basis points. Of the four big banks, CBA had the lowest SVR and even after this increase its SVR is still...
RBA keeps rates on hold
At its meeting today, the Reserve Bank of Australia has decided to keep rates on hold, continuing with a cash rate at 3.00%. RBA governor, Glenn Stevens, said Australia's economy was benefiting from the significant cuts to interest rates made so far,...
Bigger slice of less competitive pie
According to a report just released, two mergers in Australia's banking sector may be reshaping the home loans market. The report shows the merged entities Westpac and St George and that of the Commonwealth Bank and BankWest claimed a whopping 85 per...
Bank service is reaching horror levels
The past 12 months have seen a tremendous shift in Australian banking. Despite the fact our banks are much better off than in other contries, many banks are no longer in the mortgage market. I personally believe this has taken the banking industry ba...
Big Aussie banks control 95% of all lending
A Federal Treasury analysis has revealed the extent to which competition in the Australian lending market has been eroded by the current financial meltdown in the US. While officials are at pains to explain that Australian banks are in nothing like t...
Stupid, stupid vendor
Sydney newspapers are reporting that vendors are increasing the prices of their properties in anticipation of an increase in vlaue caused by the recent changes to the First Home Owners Grant Scheme (FHOG). The grant was recently increased from $7,000...
