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GENERATION X, being people aged between 30 and 50 are struggling with debts more than any other sector of the Australian population. In fact experts are believe that these people can well be renamed to Generation Debt. A new survey for bank RaboDirect found approximately 40 per cent of Gen X say their financial situation [...]
Jim Rogers on CNBC talks aboout him being short stocks in Europe, America and even in the emerging markets. He is long commodities as protection and also long US dollar. Rogers long term prediction on the US dollar has never been optimistic. He has told many times that the long term forecast on US dollar [...]
MDM Engineering Group Limited, the British Virgin Islands-incorporated company focused on mineral process engineering and project management, announced that it has been awarded the feasibility study for a 2.4 million tonnes per annum CIL gold plant, for the Tanzanian project of African Barrick Gold (ABG). ABG is the largest gold producer in Tanzania with a [...]
Credit ratings agency Standard Poor’s (SP) has today downgraded Italy’s sovereign debt by one notch to A from A+, and kept it on a negative outlook. The agency cited weak economic growth prospects, which may impact on the country’s ability to reduce its deficit. The Italian Senate recently passed a tough austerity budget, which proposes [...]
For most people, getting out of debt is their dream. And also their worst nightmare! Unfortunately, if all you do is dream, you’ll never get yourself out of debt. Life doesn’t work that way, unless you lucky enough to live like Major Nelson from the old “I Dream of Jeannie” TV series. There are many [...]