This was the title of the cover page of the prestigious magazine, “The Economist” in its issue of 10/1/98. The more involved the IMF gets in the world economy – the more controversy surrounds it. Economies in transition, emerging economies, developing countries and, lately, even Asian Tigers all feel the brunt of the IMF recipes. … Read more
Debt is a financial disease that is affecting a vast majority of middle class Americans today. Many find themselves living pay check to pay check each month and wondering where all the money went while their level of debt keeps getting higher and higher. Those who are successful with money have one thing in common; … Read more
The word “Tax” seems inherently dull and bothersome. However, in my view tax is the secret weapon of wealth creation. It should be a cornerstone in your financial planning. One fell swoop of a pen on some documents backed up by some clever tax planning can create instantaneous wealth. This is what the wealthy have … Read more
“Extreme weather events are becoming increasingly frequent, wreaking havoc and destruction, costing companies and countries billions of dollars”, says Kevin James, CEO of Global Carbon Exchange, a South African-Australasian based carbon and energy reduction consultancy. A study conducted by a Deutche Bank economist states that “forest decline could be costing about 7% of global GDP”. … Read more
Debt elimination programs. Is it true that these debt elimination programs can eliminate all my debts? Yes, they can, but beware, as they can also do more damages, than getting your out of debts. There are many cases where desperate debtors especially those with unsecured obligations like credit cards, often lose more money than they … Read more