Peter Schiff on YouTube predicting the current financial market problems while the experts laugh. Telling.
A comment came in today on an old article about the dodgy lending scheme Rudie Visagie was proposing. The reader “trymore” provides some details of a new deal apparently being run by Rudie Visagie. As I stated last time this gentleman’s name came up, I have no personal interest or involvement here at all. My…
[There is an additional post for the 2010 competition on how to not lose money in the make a million competition.] The Make a Million competition is in its fourth year. The aim? Take a personal investment of R10,000 and compete with other “investors” to earn the highest return over a short period of a…
ABSA appears to be restricting the access of equity in home loan accounts that were specifically sold with this feature in mind. Moneyweb’s article on the real estate shocker has already totally nearly 70 comments. What this says about ABSA’s house price index What’s interesting is that ABSA’s house price index has remained positive throughout…
American International Group (AIG) fell by more than 30% Thursday as concerns about Lehman Brothers and the credit crunch deepened. This is in spite of many experts claiming (yet again) that with the Fannie and Freddie bailout the end of the credit crunch was in sight. Standard and Poor’s response: On Friday, credit-ratings firm Standard…
Call it what you will, US taxpayers now own Fredie Mac and Fannie Mae. Too big to fail Fannie and Freddie became so large that their failure would reverberate around the US financial sector, and housing market, eventually spilling over into global financial markets and possibly the global economy. Well that’s the theory. This was…
I struggled to find a decent data-set of past economic indicators off the web. I’m sure there’s an easier way, but I had to trawl the horrible formats of Stats-SA and the Reserve Bank to get the mangled data underlying this graph. Seems like Stats-SA is either deliberately obfuscating their data, or they’re working on…
I attended workshop presented by the famous credit analyst and model builder, Professor Edward Altman. He is probably most famous for the invention of the seemingly immortal Z score, which is still in use 40 years after its creation in 1968. During the workshop, Professor Altman recounted a story about how a company managed themselves…
