Professional Investment Services

The Best Advice From A Single Guy

This is probably not something you see everyday on a Financial Services website but it struck a chord with me, especially after all the years that I have spent with couples and sometimes walked away thinking to myself that I was a relationship counselor and in fact it...

How State And Local Governments Are Still Dragging On GDP And Jobs

Two of the key U.S. economic trends I expected this year were 1) a recovery in residential investment, and 2) that most of the drag from state and local governments would be over by mid-year 2012. Just eliminating the drag from state and local governments would help...

The GFC has only just begun

The GFC never ended, and the bill for a quarter century of profligacy may be due. What happened to the collateralised debt obligations and other toxic assets, which were the focus of so much attention during the global financial crisis? Were they repaid? Broadly, no....

Banks Swamped by Loan Refinancing Surge – Bloomberg

Mortgage rates near historic lows have sparked a refinancing boom that has U.S. lenders struggling to handle the surge. “There’s just so much volume,” said Kristin Wilson, a senior loan officer in Bloomington, Minnesota, for Fairway Independent Mortgage Corp., who has...

Aussie House Price Falls Start to Bite

“Melbourne house prices flat” – that headline is from today’s Age. Trouble is, it doesn’t match the story: “Melbourne’s median house prices stood at $551,056 over the July quarter, a fall of 0.9 per cent from the $555,958 recorded in the April quarter.” Dontcha just...