Want to Become a Millionaire? It is Possible...
Since the global economic recession, a majority of people are giving savings and investments a higher priority. When it comes to monetary savings, the million-dollar milestone is still a dream for most people.
According to a recent CNBC survey, 31% or about one-third of Americans...
Investments
Greece WILL Default..but In an Orderly Fashion..Says Fitch
17
Jan
Fitch ratings agency have come out and said that Greece, most certainly, will default on it's debt but in an 'orderly manner', though, a disorderly default is not ruled out.
Edward Parker, Managing Director for Fitch's Sovereign and Supranational Group in Europe, the Middle East and Africa told Reuters, "That, would...
Gold Number One Asset for Investors in 2012
11
Jan
A poll carried out by Nomura has revealed that Gold is investors' favorite asset for 2012, and developed markets, such as US & UK, are preferred over emerging markets when it comes to putting money in stocks.
40% said they will be 'long' USD (which means they believe that the USD will rise...
As Janaury Goes so Goes the Year..
10
Jan
The argument behind the so-called January Barometer is that a positive first month in the stock markets is very often a precursor to a positive year as a whole. Unlike most market related anecdotes this one is backed up be some scientific research.
According to an analysis of the years from...
China Trade Growth Slows to 2-Year Lows in December
10
Jan
Many are looking upon China to 'drag' the world economy out of the doldrums, however, data released on Thursday shows that China's exports and imports grew at their slowest pace in more than two years in December as foreign and domestic demand slowed.
Some argue that this, ultimately, is of benefit...
Euro Continues Decline – Should We Be Surprised?
08
Jan
The Euro continues to fall against the USD, however, should we be surprised? Not withstanding the issues surrounding the current Euro debt issues - currencies will often revert back to what is known as the PPP or 'Price Power Parity'.
In simple terms this is the buying power that one currency will have against...