Rising Australian interest rates ..
Unlike the United States and Britain, where interest rates have recently been lowered to stave off the credit crunch crisis, interest rates in Australia have been climbing in recent months in a bid to halt inflation.
.. results in unmanageable debt
The result is that hundreds of thousands of Australian households are [...]
Sometimes we wonder what it takes to get rich, but Davidson & Mogg suggest it’s not some big secret in avoiding being poor in the Western World. Just finish school, get a job, and keep the kids to a minimum.
The odds in favor of escaping poverty in the postwar United States were 200:1 for anyone [...]
Has the credit bubble really got so bad that 12.79% is considered a “great rate” ?
The National Australia Bank uses rainbows, blue water, blue sky - the image of a perfect life - to hypnotise us that 12.79% is a good deal.
It’s not.