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Showing posts from April, 2011

Get A Personal Bank Loan

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If you need financial help then you can knock the door of any bank as because personal loan is available in your near bank. But you need to fulfill the criteria for personal bank loan.
Generally, There are two types of bank loan available, Unsecured and Secured. In unsecured personal bank loan, the interest rate would be high but in other hand the interest rate on secured loan is low. You will get more advantage in secured loan.
If you want to borrow money through a personal bank loan then you need do some of the following things :
First of all, you should assess your current financial situation by listing your assets and deduct any liabilities, debts or expenses from your monthly income.
Now, you need to take all the details about your employment. So, ask your employer for a monthly income letter and job security.
You will need all these details whenever you go for bank loan. Bank person definitely will ask about these details. On the basis of your income they provide personal loan. So…

Lost in Conversation

The Financial Times headline (April 25) spoke of “PepsiCo anger over Fed inflation guide”.

Wonder what possible beef a cola maker would have with the Fed?

Let’s read:PepsiCo’s chief financial officer has criticized US policymakers’ focus on “core” inflation, arguing that it overlooks the impact of rising prices on consumer spending power.

The Federal Reserve’s preference for the core price measure that excludes food and energy has stirred controversy as commodity price rises have accelerated and companies have had to judge how much they can pass on costs to hard pressed consumers ... Food prices have climbed nearly 3 per cent in the past year and petrol prices have increased nearly 30 per cent, according to the labour department’s latest consumer price index.

During the same period, “core” prices rose 1.2 per cent. So, food prices in the U.S. have gone up 3% in the last year; gasoline, 30%. But the Fed does not count them towards the overall price rise. Rather, it measures the price of …

A Philosophical Note on an Inauspicious Anniversary

The expression something “catching up” with you or “creeping up on you” are the people’s way of referring to a phenomenon that you notice not because you are particularly perceptive but because the phenomenon forces itself upon you; you could be dumb as a mule and yet, you will notice it because, like the impact of a whip, there is no escaping it. Old age, for example, creeps up on you. It eventually catches up with you.

Nothing creeps up on you and catches up with you like dialectics, if you live in an advanced Western society.

In his Critique of Dialectical Reason, Jean Paul Sartre has a relatively lengthy passage about the Chinese peasant destroying the forests in search of arable land. He writes:
But above all, deforestation as the elimination of the obstacles becomes negatively a lack of protection: since the loess of the mountain and peneplains is no longer retained by the trees, it congests the rivers, raising them higher than the plains and bottling them up in their lower reache…

Obtain A Car Loan Even With Bad Credit

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If you live in urban area then you must have a car. If you don't have then you are thinking about the car. There are many reason for which you would like to have a car. Getting the kids to school, doing the shopping, getting to work as well as there are many tasks where you need to go far away from your home and on that point of time you will need four wheelers.

You can fulfill your dream about your own car even if you are in bad credit. But its sure that you don't have sufficient amount to buy a car as you are in bad credit. But you can take a car loan even in bad credit. In this situation, when you are in bad credit then you have to be very careful as you figure out a way to finance your car. But don't think that you can't get the car loan, even with the bad credit.

You should check your bad credit history to see exactly why you have bad credit. You should explain your credit report properly to the lenders so that they don't immediately reject you. You should also …

Forex

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Now a days, Forex is very common word and most of the people have involved in this word. Actually, the meaning of Forex is “Foreign Exchange”. The role of Forex market is huge in World. We can say that Forex market is a Worldwide market where traders sell, buy, speculate and exchange on currencies. It's such kind of market where door is open for 24 hours. So, we can say that its 24 hour market, where many traders invest in foreign currencies. This is a very interesting market where traders buy foreign currencies at lower prices, they gain huge profit and sell at a higher price to buy another at a lower price. This buying and selling goes continue 24 hours, means without any break in time.


The role of information technology is huge in this industry. Now, with the current advance technology, Forex trading has become more and more popular and accessible to the traders, from any place of the world. In this forex industry, there are some major currency pairs, for which most of the tradi…

My Contribution to the Discourse on the U.S. National Debt Reduction

You all know of the “Elephant Man”.

The society ladies and gentlemen of the London Victorian era discovered a man with severe physical deformities and turned him into the object and evidence of their compassion.

Their newspapers made sure that the rabbles were not kept in the dark about the magnanimity of the upper classes. Fine ladies of London dining with that poor thing. Imagine!

That is how you know of the Elephant Man, which goes to show the meaning of news: it is what the powerful want you to know, follow and have an opinion about. Yes, they will give you the opinion too. You could keep it, as if it were yours.

The latest Elephant Man is the national debt. By now, you know everything about this deformity, how horrible it is. It mortgages the future, saddles unborn babies with legal obligations. And those “bond vigilantes”, ready to rip the economy into pieces if they see the slightest lack of resolve to reduce the debt.

After the European countries, now it is the U.S.’s turn to put …

Felix Salmon: Quote of the Week

I was beginning to despair this week. It seemed like the theme was Free Market Idiots Run Amok and someone had forgotten to tell me to put on my Atlas Shrugged underwear.

First, there was Larry Summers saying don't blame financial innovation, but rather, the housing bubble, for the Financial Crisis on Steroids that we went through. Which leaves me wondering: This guy was the president of What-vard? You gotta be kidding.

Larry has nary a disparaging word to utter about any CDO, CLO, CDS, SIV, RMBS, CMBS, REMIC, re-REMIC, structured note. None of those products are bad, fee-gouging, or in any way contributed the teensiest to systemic instability?

Thus, I sentence the estimable Mr. Summers to hereafter receive all his compensation as an income stream from the bottom tier of a synthetic CDO squared.

The second forehead-slapper was Peter Wallison, who at this point isn't even interesting any longer. He's too busy riding his ideological hobbyhorse: Fannie and Freddie are the chief p…

The Path of Credit Card Debt Settlement

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Credit card debt is one of the big problem for the people. You should use your credit card with a good planning so you can avoid from debt. Everyone knows that credit card is very convenient so people prefer to use credit card. The use of credit card is huge in our world. Credit card is one kind of plastic money and if you are using credit card then you don't need to worry to keep cash in your pocket as you can purchase or shopping by your credit card. You can shop as many as goods by your credit cards as well as you can swipe your credit card in many hotels. You can also use your credit card in different kind of ticket bookings. In this way, you can see that use of credit card is huge in our social life. But, in another side the bill of credit card is increasing in each swipe so you should always keep in your mind about how you will pay the credit card bill. If you are credit card bill is huge and you are unable to pay the credit card bill that means now you are in credit card d…

High Frequency Trading and Flash Crash - Part 7: The Living Dead as the Culmination of Contradictions

In Masnavi, Rumi tells the story of a man with his donkey who checks into a mid-way inn.

In the evening, walking around the inn, the traveler comes across a group in a celebratory mood and joins them. Unbeknownst to him, they are penniless students looking for ways to finance their party. Upon learning of his possession, they scheme to sell the donkey to buy food and drink for the night. The plan is carried out while the students mischievously dance and sing to the rhythm, “donkey is gone, donkey is gone.” The man joins them. They all had a jolly good time.

In the morning, he discovers that his donkey is gone. He grabs the innkeeper and demands damages. “You, so and so, how could you let them sell my donkey without informing me?”

The innkeeper pleads innocence. “Master, I came to inform you but saw you were dancing and singing that ‘the donkey is gone.’ I thought you knew it.”

For those who have been singing efficient markets to the tune of pranksters from Chicago, I have news.

In Part 6,…

Thus Spake The Maestro

On a European train I caught up with the newspapers I had been carrying from New York. This was in the Financial Times of March 23:Alan Greenspan, former chairman of the Federal Reserve, argues that the decline in the share of liquid cash flow that US companies choose to allocate to illiquid capital investment stems from uncertainty in business arising from the surge in government activism since the collapse of Lehman Brothers.“The decline in the share of liquid cash flow the US companies choose to allocate to illiquid capital investment” means that the US companies are not investing the cash they earn from their operations. The statement is accurate, its circumlocutional form notwithstanding. When companies do not invest the money they earn, the cash balance on their bank accounts grows. The growth is reported in accounting statements, specifically in the balance sheet under cash (assets).

The 500 largest U.S. corporations that comprise S&P 500 index hold over a trillion dollars …

How Debt Consolidation Works

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Debt Consolidation is a good solution to combine multiple bills with two benefits that provide you an alternative debt management programme as well as gives you enjoy a lower interest rate for the amount you have owed. This is very common about the debt consolidation as you have heard, but you need to understand exactly how it works if you want to apply the solution to get debt relief.
The process of Debt consolidation is very simple, it involves finding a new loan to pay off your existing debts and then you focus on making the one payment on time every month. Debt consolidation is a powerful solution that you can to get your finance situation to manageable level.

There are many debt consolidation companies out in the market, it is very necessary that you find a reliable and best company to do the job. You can take the advices from your family members or friends who had contacted the service before, share their experience. If, you don't know any person who have this experience then…