Credit Crisis Explained!

I have long been following these wonderful flash reports by AP. Its not about the cartoon but its the simplified explainations that gives me an overview of the current credit crisis.
You will learn about:

fannie and freddie
World Top CEO’s pay
Mortgage-backed securities
yadda yadda yadda……

Take a peek here : The Associated Press Multimedia Reports
This one is titled [...]

Oil Price fell 55% from Peak!!! :o

Excerpt – The price of crude oil has tumbled 55 percent from its peak of $147.27 reached in mid-July.  The Star
Pump prices was at RM1.92 when crude oil was trading around US70 – US90 per barrel. It shot up to RM2.55 when world oil price hit record high at US147.27 in mid-July.
Now that the oil [...]

Financial Landscape – Out of Balance (AIG)

A very disturbing fact I come across as reported at AP here What went wrong. Are you a concerned customer?
Hopefully the US85 billion bailout package will pull them through this horrible chapter.

Thank you for the 10cents reduction.

10 cents…lets see, its RM4 for a full tank (40L) and this is supposed to be an ‘Ease the burden’ package. Great Job Mr. BN!
For the record, the petrol pump prices went down 25 cents on 23rd August 08 after a tremendous spike on 5th June the same year from RM1.92 to RM2.70 per litre [...]

Ways To Slash Tax

It is this time of the year again. Looking through the piles of receipts and bills to search for anything that can help you reduce your tax amount. Gathering all your income statements to make sure you do not wrongly declared. So pious, so to speak.
So do you know what is your Income Tax relief [...]

Inflation goes horizontal.

I thought inflation means prices going upwards? Yes, you are certainly right but the truth is Inflation goes horizontal. See how my header banner of KLscape looks inflated, wide, and short. Whenever there is an inflation, prices goes up, it is widespread, and everyone’s budget remains short.
How much does a bowl of kuey-teow soup cost [...]