Finance
Finance, Finance, Investment, Stocks, Bonds, Forex, Mutual Funds, Certificates of Deposit
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New Zealand nonbank finance sector hits more credit crunch turbulenceWELLINGTON, New Zealand (AP) - New Zealand suffered further shocks from the global credit crunch Thursday when investors dumped shares in nonbank lender Dorchester Pacific in response to its action to stem cash flow problems in a subsidiary. The ...
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ArrayIn the aftermath of the credit-crunch, US Treasury Secretary Henry Paulson is talking about 're-regulating' US capital markets.For nearly a decade, Samuel Israel III did a terrific impersonation as a markets whizz at Bayou Management, the hedge fund that collapsed in 2005 after defrauding investors out of $450m. So what should you do if you're finding it hard to meet your mortgage repayments?The price of oil remains stubbornly high.Falling house prices are bad for everyone: low-earners, the supposedly stable middle classes and city bankers too.Dan Ariely's new book mixes economics and psychology to explain why we so often make irrational choices, including how we decide what price to pay for an item.. This will feed inflation - and there is nothing governments can do about it. And with China's hunger for metals insatiable, the price of iron ore is rocketing.
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