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Showing posts from March, 2011

Debt Consolidation Loan : Perfect Way To Get Out Of Debt

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Everyone wants to live happy in their life without any kind of trouble. If you want to live in happy then you should maintain your finance structure in very well manner. People use many finance source to maintain their budget. For example, many people use credit cards to purchase their needs, take some kind of loan to fulfill their dreams. As we know, you can buy four wheelers, two wheelers etc with the help of loan. You can also take home loan to build your home or buy a flat. In this way people manage their budget plan to fulfill their needs. But if, people are unable to pay their debt amount then it become a big burden in their life. This can be a major reason to take their happiness. 

The reason of debt is very simple. For example, If you are unable to control your credit card use, if you have taken such a huge loan without any proper plan to return the loan amount. These are the main reason due to which people enlist their name in the list of debt. There are many ways by which you …

A Point of Logic

James Mackintosh writes a generally perceptive column in the Financial Times called Short View. On March 11 he wrote:
The releveraging of America is under way. After a brief nod to the idea of cutting debt, US companies increased borrowing last year and reduced their equity. Easy money from the Federal Reserve was followed by ever-easier lending terms from investors: easier even before the credit crunch.

Perhaps the best indicator of this is the ease with which private equity houses are extracting money from lenders. Dividend recapitalisations, when a company borrows in order to pay its private equity owner, have soared ... In the first nine months last year, non-financial companies, listed and unlisted, paid out more to shareholders than they made in profits ... In other words, [the companies] took advantage of record-low interest rates to transfer money from lenders to bondholders to shareholders.Michael Pettis is a finance professor at Peking University and a senior associate at the …

Investment

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There are many benefits in building in an investment portfolio. You know that you will earn money. You can take the example of invest for retirement as well as there are several ways to invest as you can invest in bonds, stocks commodities, etc. You should not spend so much time in research and investment as investment funds can be a best option for you.
In the process of mutual fund, all the money brings together from many people and invest it in bonds, stocks or other assets. So simply a mutual fund is where many investors pools their money together and that the money is invested in many different investments such as bonds, stocks, commodities etc.
No load mutual fund and load mutual fund, these are two main types of mutual funds. You can invest in these fund as both charge a small fee. However, in case of load mutual fund you have to pay some extra fees. It is simple that no one can give you the guarantee that you will earn more money. You can take the step of risk because a loan fun…

Language, too? Language, too

Lots of you commented on the Descent of Man. Let me note here that the every-man-for-himself mentality is the byproduct of commodity salesmanship and was around long before speculative capital. Remember Michale Milken's famous utterance: “Who can we make a profit off of, if not our friends?” Change the euphemism of “making profit off” to “living off” and you have the script for the Night of the Living Dead, where friends and neighbors come to eat you up. That “conduct” – whether of Milken or the living dead – is the logical next step in a society in which every man is for himself. Speculative capital merely exacerbates it.

And it is not only the conduct. The language, too, reflecting the degraded relations, becomes degraded.

Let us look at two news stories. One is from the Financial Times of Monday, March, 14. Under the heading ‘Beijing rejects any N Africa analogy’ the paper reported:
China’s premier has rejected any comparison between his country and the troubled autocracies in the…

A Recurrent Theme

Many in the West have commented on the composure of the Japanese in the face of calamity – office workers who did not leave their seats, supermarkets clerks who held the racks so they would not fall – and contrasted it with how people would have reacted in the West with that every-man-for-himself-and-may-the-devil-take-the-hindmost attitude.

A couple of a years ago, I wrote a brief comment on the very same subject, in (What Lies Behind) The Descent of Man.

Read it. You may find it pertinent.

High Frequency Trading and Flash Crash – 6: The Destruction Has Come (here to stay)

This series began six months ago. Let us see what we know so far.
Speculative capital, capital engaged in arbitrage, dominates the financial markets. (See Vol. 1 for how and why).

Arbitrage is simultaneously buying (low) and selling (high) two different “targets” to lock in a riskless profit.

Buying X low and selling Y high raises the price of X and lowers the price of Y, narrowing their difference and reducing the potential profit for the next round of arbitrage.

To compensate for shrinking spread, speculative capital increases its size and piles up on the leverage, with the result that spreads shrink even further – and faster. From there, the defining characteristic of speculative capital follows:

Speculative capital is self destructive. It eliminates the opportunities that give rise to it.

Let us be precise: Speculative capital eliminates only those opportunities that it actively exploits. That follows from arbitrage the way conclusion follows from premise. But speculative capital is not…

How To Pay Of Credit Card Debt

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Debt is not good for any person as you know that its very hard to come out from the chain of debt. Its your own responsibility to avoid debt but unfortunately due to our lifestyle and other requirements in life we enter in the depth of debt. There are many circumstances come in our life where we require money and on that time we borrow money from the bank and other financial sources. But unfortunately when we can not return the money then we add our name in the list of debt. Another example is due to frequent use of our plastic money. We apply for credit card and once we get the credit card then we start the random use of this plastic money without any proper plan that how we will pay the bills of credit cards. Its look very easy to use the credit card as we know that we have to pay the credit amount at the end of the month but suddenly when the bill of credit cards arrive at the door of our house and we will see the bill of credit cards are huge and we can not pay the bill of credit…

In Case You Were Thinking That Lawsuits Might Reform the Credit Raters ...

Well, think again.

Time to play connect the dots, with the New York Times getting us started in fine fashion. First, the article linked above notes a disturbing trend taking shape:
... since Dodd-Frank passed, Congress’s noble attempt to protect investors from misconduct by ratings agencies has been thwarted by, of all things, the Securities & Exchange Commission. The S.E.C., which calls itself “the investor’s advocate,” is quietly allowing the raters to escape this accountability.What accountability? As Gretchen Morgenson tells us:
The Dodd-Frank financial reform law, enacted last year, imposed the same legal liabilities on Moody’s, Standard & Poor’s and other credit raters that have long applied to legal and accounting firms that attest to statements made in securities prospectuses. Investors cheered the legislation, which subjected the ratings agencies to what is known as expert liability under the securities laws. Why would the SEC do anything that subverts Dodd-Frank so open…

You Should Settle Your Tax Debt In This Way

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The role of debt in our society is increasing tremendously and the concern of debt is very serious. Tax debt is also a type of debt and the number of people are increasing in the row of Tax debt. Every people should aware about the their Tax liability. If you will not pay your tax then you will be associated with the debt of tax. This is absolutely not good to add your name in the list of tax debt. But unfortunately, if your name have been added in the list of tax debt then you have to think about the solution to solve your tax debt. 

You can not seat calmly if you are in debt of tax because in this way you can not out from the debt of tax. There are many options available to get relief from the tax debt and one of  the option available to get out of tax debt is settlement of your tax debt. If you will do settlement of your tax debt then you can get a huge relief from your tax debt. You should choose this option when you know that you can not pay all the amount of tax debt. So, in this…