I was reading this on news.com.au. This article…is kinda..dodgy to me. Should I sell or hold? Generally the experts recommend that it is better to hold and sit it out. If you sell your shares or investment in most cases you will be triggering a real loss. Remember, at the moment it is only a […]
news
How the rich differ from the rest
Article from News.com.au. Nothing really new, but it might a good reminder. A common definition (of Rich) is a person with at least $US1 million ($1.2 million) in assets not including the family home. “The rich are normal human beings, but with bigger wallets, and invest in much the same sectors and asset classes – […]
Driver losing control..
RBA bashes the banks THE Reserve Bank has partly blamed Australia’s private banks for creating conditions that risk pushing the nation into a “deeper and more persistent slowdown”. The central bank’s board also seriously considered cutting interest rates when it met on August 5, according to minutes of the meeting released yesterday. At the meeting, […]
Charities feel the Subprime pain
MORE than 100 local councils, charities, churches, hospitals and nursing homes across Australia are sitting on a $2 billion black hole after buying subprime investments structured by Wall Street banks during the bull market but which are now potentially worthless. A document leaked to BusinessDay revealed that Lehman Brothers is managing tens of millions of […]
What’s wrong with these people? ‘Westerners’
I don’t normally post non-trading stuff here. But recent reports , particularly in Australian medias are just so annoying. Full of craps. More ceremony fakes unearthed Stephen Hutcheon | August 15, 2008 – 12:08PM The Olympic opening ceremony featured faked fireworks, a fake singer who lip synced to another girls voice and now it appears […]
Bad coffee exits
Starbucks pulled out from Australia by closing 61 of 84 stores. In the case of one American coffee giant, globalisation deserved to fail. Starbucks makes really bad coffee. Starbucks is almost entirely pulling out of Australia closing 61 of its 84 stores. In Melbourne, just five of the 16 stores are tipped to remain. […]
