The Global (Financial) Economic Crisis
Sunday, August 28th, 2011
Contrary to popular belief and what most of mass media is feeding the world’s citizenry, the global (financial) economic crisis did not come as a sudden phenomenon, which besets most, if not all, the countries in the world today.
The advent of the global financial crisis started around the late 1990′s to the first couple of years of the new millennium. With the recent shift towards more of a credit card-driven purchasing system of marketing and advances in Internet protocols which resulted to a heightened viability and practicality of e-commerce and the increase in use of credit cards thereof, consumerism has been upped several notches even to the point that an individual reaches a particular point where he or she is so much indebted that he or she can no longer manage to pay his dues on time. There maybe collaterals in credit and pre-need services but such cannot suffice for the millions even billions and possibly even trillions worth of funds outsourced to support consumer spending and extravagant lifestyle.
Personal Financial Planning After The Global Financial Crisis
Thursday, February 3rd, 2011
The global financial crisis (GFC) made a lot of people question their personal financial planning strategies. This always happens after a downturn or severe market correction. The fact that the GFC was the biggest market downturn in about 70 years and the whole world was affected caused more fear and worry than usual. In addition to that, the global markets have been slow to recover. It is understandable that many people would be wondering if it they should hang on to their original strategy or should they look for alternatives.
Is your strategy sound?