Archive for the 'Finance' Category
Today is not a friendly day for old people who only rely on pension for living. Many of them were using the pension fund to buy asset which actually bad or toxic asset. This asset is not good at all and it only causes bad thing for them. Many old people are suffering because of this stock crisis and they hope the government will protect their money because that is the only money they have for their every day living. Because of so many problems, many people in developed country choose to withdraw their money and keep it safe at home. They don’t care about interest or the fact that they won’t get anything without saving the money at bank. It is better get no interest than losing money that is the mindset of those people in this economy crisis. That’s why all of people wish the crisis will be ended soon.
The economy crisis creates serious bad effect for overall world economy condition. Taken from Reuters, we know about the actual reports form the largest 15 global banks. All of them are expected to further shrink their balance sheet by about $2 trillion in 2009 and longer-term return on equity will remain subdued for the next two years. This is very clearly proved that economy recession has hit financial sector in every country. That is contrary with the amount of deposit rate inside the banks because many people now prefer to choose the certification of deposit issued by bank for investment instrument because of its safety. People only search for the highest cd rates they possible to find. They don’t care about low interest that they will take because this is the only left choice for saving money without risky factor. How about the bank bankruptcy? They hold the policy that their money below hundred thousand dollars
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As a good person we should take any problem in calm way to find good solution for overall condition. We know that we live in complex life where everything sometimes could be a problem. In this crisis time we need to take necessary action to solve the problem. Financial field is the most frequently reason of why we will get problem in our life because of too many unmanaged debts. Loan is really important to be used for any urgent condition. People need fast solution for their financial problem because this problem can make everything goes to ruin. There are so many options for loans which we can take people. People prefer the faster option for their financial debt problem. If they need fast solution then
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