Archive for January, 2009
Did You Hear The One About The Bank, The Bookie And The Casino?
It’s no joke but it sounds like one. What’s the difference between a bank, a casino and a bookie?
Experience shows us that the answer is that the banks gamble but the bookie and the casino benefit from gamblers and which are the ones who make money all the time? Once again it is the bookies [...]
Lower Profits Show We Have Stopped Buying Stuff
You know you are suffering a recession when you begin to see companies like Google, Intel and Ebay all losing jobs and suffering their worst figures ever.
These darlings of the internet age might have been expected to ride the credit crisis and recession pretty well. I was particularly surprised at Ebay not doing better since [...]
Good Debt Bad Debt
There are broadly, two types of debt. You have the good debt which is broadly used for investing in yourself and in the future in the belief that it will prove beneficial in the long term for us and our families. The bad debts are the more frivolous debts which might be for buying a [...]
