The Bank of America (Bofa) has signalled tough times ahead with at least one credit downgrade in late November or early December.
A Bofa analyst notes: “We expect a moderate slowdown in the beginning of next year, as two small policy shocks-another debt downgrade and fiscal tightening-hit the …
Most of us are familiar with the Pareto principle – also known as the 80-20 rule – which states that roughly 80% of the events come from 20% of the causes.
In financial planning, this rule of thumb suggests that if you’re not segmenting your client base to …
It’s been a week now since Steve Jobs died and the world has already declared him a saint. In Sydney at the Apple Store last Friday there were flowers, photographs and candles burning in his memory.
Steve Jobs did indeed change the world – but in doing that …
No matter what one’s prognostication is on the direction of Australia’s economy in the coming months and years, what we can all agree on is the global economy is witnessing tectonic shifts in economic power.
From this burningpants correspondent’s perspective though, the most interesting changes will be in …
Departing European Central Bank (ECB) president Jean-Claude Trichet was given a metaphorical kick out the door last week courtesy of a string of full-page adverts in leading European newspapers.
Edouard Carmignac, boss of boutique asset manager Carmignac Gestion, launched a very public and harsh attack on Trichet’s policies …
British high street banks have been on the offensive trying to win over customers of late – not that they ever stop.
Cash rewards for switching providers, honeymoon rates, introductory bonuses, customer charters and even weekend branch access are just some of the carrots being dangled.
One major …
