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Green Shoots?
The last 18 months has been about the most pivotal for our collective future since 1945.

Real Estate and Currencies: Is There a Connection?
Veteran Financial Planner links the real estate market to currencies.
Are You Ready For The Recession?
How to prepare yourself for the challenges (and opportuniries) provided by a recession. Discover how to remove your dependency on your employer for income and financial security. That doesn't mean leave your employer - it means identifying what you can do to make sure that if the axe falls on your job you have other options to turn to.

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Mortgages for Self Employed – Finding Viable Options
About one out of every five income earners in Canada are self employed. This is a fairly large demographic, and the statistics suggest it is continuing to grow. This promotes any self employed person to ask why it is so challenging to obtain mortgages for self employed workers through charter banks. The reason is because business owners who work for themselves subtract expenses from extra income, which is not something many banks recognize. What you need if you are looking for mortgages for self employed workers is a lender that will look at your credit history rather than a combination of your business finances and taxes.
Consumers Continue to Choose Credit Cards Over Mortgages
A new TransUnion study shows that the usual payment hierarchy of mortgages over other debts, like credit cards, remains reversed, with consumers paying down cards before worrying about mortgages. It augurs many more housing defaults ahead.
Mortgage Rates And Subprime Crisis – An Overview
The global subprime crisis had such far-reaching implications that it is impossible to spell out in a few sentences the large-scale affect it caused on the economy of the world. As expected, Canada too did not escape the worldwide wrath. The fallout has been extensive. Today, money borrowers are bombarded with terms such as prime mortgage rate and subprime mortgage rate. What do these expressions mean? A rudimentary understanding of different types of credit is as much essential as getting to know of terms such as Canada prime mortgage rate. First here is some nitty gritty of what prime interest rate is.
How Did We Get Here? Why Underwater Mortgages Are at an All-Time High
Homeowners weren't supposed to be drowning in a tsunami of underwater mortgages in 2010. Up until 2007, everyone-the government, the economic experts, and certainly the mortgage lenders-told us that property values were supposed to keep rising, not fall so hard! So what happened? Why are 24% of US homeowners dealing with underwater mortgages, with another 5% facing that prospect soon?

More People Walking Away from Underwater Mortgages
No one knows for certain the exact percentage of foreclosures that are the result of people’s decisions to walk away from underwater mortgages, but we do know those numbers are on the rise. Reports indicate that from 14% to 18% of mortgage foreclosures are actually strategic defaults. In other words, people who are choosing to default on their underwater mortgages while keeping up on their other bills.

Coming Soon to Your Neighborhood: Falling Home Values Mean More Underwater Mortgages
If you think the tidal wave of underwater mortgages has receded, think again. The fact is that the underwater mortgage situation is almost certainly going to get worse before it gets better. Why is that? In part because of an ugly little mortgage product called adjustable rate mortgages, or ARMs. You see, ARMs look great on paper. The homeowner gets a nice, low monthly payment for the first 1-7 years, depending on the terms you get. But then . . . well, then the loan payment resets to reflect inflation.

How to build a brilliant team
In the coming weeks, Prime Minister Julia Gillard will face a challenge that entrepreneurs know only too well - how to make teams work.

Women in business
I was speaking to someone from overseas the other day and he said he never thought he would see the day when Australia elected a female Prime Minister. His perception of Australia was that our culture was very ‘blokey’. So you would think that the appointment of Prime Minister Julia Gillard was the result of great change, an indication of how successful women have become in the workforce. Think again. In the recently published report by the Equal Opportunity for Women in the Workplace Agency it made clear that the number of female key executive managers and board directors in the ASX 200 has hardly changed over the past eight years. In comparison with New Zealand, the UK, Canada, the US and South Africa, Australia has the lowest percentage of women in the most senior positions. So what exactly is going on?

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