Almost 15 months after the demise of Lehman Brothers, one wonders whether the financial is is over or whether we are in the second half of the real sector crisis. We had an odd situation whereby the financial markets are having a record year of profits after the goverments have rescued the financial instituion by massive guarantess and zero interest rate policies.

By the end of November, the Dow Jones was up nearly 20%, the China share more 80% gold prices 45% and oil and metal prices over than 45%.The US Dollar has depreciated and carry trade in creating bubbles in the emerging markets.In the real sector, industrial production gowth and gross domestic product remain negetaive in the advace countries,while unempolyment is over 10% for the EU but Chinese growth is back to over 8% and emerging markets are all beginning to show signs of recovery.

Some economist are calling the financial crisis is over and the others says we have wasted a good crisis.The party in Wall Streets is not over because no one has taken away the punch bowl.Some Wall Streets are going to get bonuses even more than the peak year of 2007, less than a year after they were rescued by the goverment. Other thinks that will zero interest rate policies, more bubles have been added to the punch.

This one in a hundred year financial crisis will be debated for year to come, either because it was solved quikly or dicisively or beause the majarity has bees fooled by the short  and quick recovery thet disguised a more serious real sector depresion that may be much more prolonged than expected.

In 2008, when the price of oil reached 147 dollar per barrel,central bankers were in a dilemma whether the price oil lead to global inftation. Less then three month later, the world crashe into diflation. In the emerging markets,we have exsess real engineering capacity because much of our production was designed for exports to the advance markets.

Countries in Asia are increasingly worried about what is happening in the West. A number of nations urged the US to provide meaningful assurances and bailout packages for the US economy, as that would have a knock-on effect of reassuring foreign investors and helping ease concerns in other parts of the world.

Many believed Asia was sufficiently decoupled from the Western financial systems. Asia has not had a subprime mortgage crisis like many nations in the West have, for example. Many Asian nations have witnessed rapid growth and wealth creation in recent years. This lead to enormous investment in Western countries. In addition, there was increased foreign investment in Asia, mostly from the West.

However, this crisis has shown that in an increasingly inter-connected world means there are always knock-on effects and as a result, Asia has had more exposure to problems stemming from the West. Many Asian countries have seen their stock markets suffer and currency values going on a downward trend. Asian products and services are also global, and a slowdown in wealthy countries means increased chances of a slowdown in Asia and the risk of job losses and associated problems such as social unrest.

Debt financing is basically money that you borrow to run your business.

You can think of debt financing as being divided into two categories, based on the type of loan you are seeking: long term debt financing and short term debt financing.

Long Term Debt Financing usually applies to assets your business is purchasing, such as equipment, buildings, land, or machinery. With long term debt financing, the scheduled repayment of the loan and the estimated useful life of the assets extends over more than one year.

Short Term Debt Financing usually applies to money needed for the day-to-day operations of the business, such as purchasing inventory, supplies, or paying the wages of employees. Short term financing is referred to as an operating loan or short term loan because scheduled repayment takes place in less than one year. A line of credit is an example of short term debt financing

Fitst Step
The first step is to take your notebook, pen and calculator and sit down with your spouse or by yourself. The first thing you want to write down on your monthly financial budget is your gross income per month. In other words write down your entire income on the first line. Under your income, write down each income source. Example:

Total Monthly Income-$4,500
work- $3,500
Investments- $1,000

Step 2

Next, underneath your total income source, write a line across the page and underneath the line, write down all of your outgoing housing bills. Mortgage payment, telephone payment, satellite or cable payment, and any other. Add up the expenses and total the expense underneath the outgoing housing bill section.

Step 3

Next, write down your grocery expense for the month. Calculate the amount that you generally spend on groceries. Add up your total and put the number at the bottom.

Step 4

Next, write down your transportation payments(automobile notes). Also include in this section gas and set back a little bit for any monthly maintenance costs. Also include your car insurance payment in this section.

Step 5

Next, included any credit card payments and bank note payments. This is called your debt section. Add up all of your monthly credit card payments and any other debt. Add up the debt and write it down below the debt section.

Step 6

Next, write down your personal use section. Include dining, trips and activities in this section. Try and calculate a set amount for the month for this section and stand by it.

Step 7

Next, write down a miscellaneous section. In this section, include any other outgoing expenses and write down the total amount at the bottom of the section.

Step 8

Lastly add up all of your outgoing expense from each line and subtract the total amount from your total income. If you have any money left over, you can consider putting some in a savings account or back into the budget.

Transferring a credit card balance used to be so easy and painless that some consumers referred to it as a game: Sort through a stack of offers, find the best deal and you win. Now, fewer offers, shorter introductory periods and higher fees make finding a good balance-transfer deal much more challenging.

The availability and attractiveness of the terms of balance transfer offers has taken a downturn right along with the economy — but card issuers also point to federal credit card legislation, passed in May and slated to take full effect next year, as the reason for even more changes.

The largest credit card issuer in the country, cited the new federal regulations when it sent letters to its customers informing them that the bank will increase its maximum balance transfer fee to 5% — the highest charged by any issuer. Subsequently, the company stopped including balance transfers in most of its new offers. 

The standard balance transfer fee had been about 3% — and some issuers also limited the total fee, often to less than $100, with caps. . It is possible to find better deals, but it takes work.

Here are some steps to take if you’re looking for a balance-transfer deal

1. Go to online forums and get feedback from customers of the issuer you’re considering. “Do a little homework on the company. Check and see how they treat their customers,”

2. Read the fine print to make sure you’re getting the deal you think you’re getting. Some card issuers now advertise a certain introductory period — say, a year — and introductory interest rate — say, 0% — but the fine print specifies other periods and rates for those with less-than-stellar credit.

3. Pay attention to the APR on purchases, not just to balance transfer terms. Until the new federal rules kick in, in February 2010, any new purchases at a higher interest rate probably will be buried under your lower-rate transferred bala4. Consider keeping your old card open if you do transfer a balance to a new credit card — unless you’d be tempted to rack up a new balance on itnce.

5. Don’t assume that interest rates or other terms will not be changed by the issuer in the future. For example, Chase recently increased minimum payments for some customers by 150% — and many of those affected had low-interest deals for the life of a balance transfer.

That might trip up some customers who can’t afford the new, higher payments, possibly causing them to be late or miss a payment and, in turn, causing that low interest rate to skyrocket.

“During that 12 months, or whatever the introductory period is, the issuer typically cannot change the interest rate or minimum payment,” Randel says. “After that, they can do whatever they want — and worse, if you miss a payment, the game is off.”

Credit limits should be carefully monitored to ensure that you do not exceed your designated amount. If you realize that you need to increase your limit, contact your creditor immediately rather than spending beyond it. To ensure that you do not exceed your limit, you may find it helpful to keep a pocket notebook with you to write down your purchases. It is possible to lose track of spending and inadvertently overspend. Exceeding your credit limit with a creditor puts negative information on your credit report.

Consumers with an excellent credit rating and excellent credit history are often rewarded with higher spending limits. Having a high credit limit but not reaching or exceeding that limit is often viewed favorably among creditors. A consumer who has the ability to spend a large amount but opts not to do it is often seen as a responsible borrower.

Many creditors often use credit limits as a means of evaluating new borrowers. New borrowers often receive lower spending limits. Once the new borrower has proved themselves credit worthy, by making scheduled payments and by not overspending, their limits are often increased.

Credit limits may also rise and fall based on your spending patterns. If you have a high limit and constantly spend without making more than the minimum payments on your balances, your creditor may opt to lower your limit. Similarly, if you are a consumer who has a high credit limit that is never reached, and you make significant payments on your credit balance, your credit limit may be increased

I have always advocated doing everything possible to pay off credit card balances; it’s good financial management and the ticket to a strong FICO credit score. But the ridiculous recent behavior of the credit card industry makes it hard for consumers to protect their FICO scores. Credit card companies are jacking up interest rates, lowering credit limits, and closing accounts—and people who have made timely payments are not exempt. So even if you pay off your balance—and that’s tough when interest rates are insanely high—there’s a good chance your credit limit will be slashed, and that will hurt your FICO score. Meanwhile, the recession is making it more important than ever to have a large emergency savings fund. Unemployment is closing in on 9 percent and will no doubt rise further. Even if you have a job, you could face reduced hours or the benefits.

Credit cards are useful during emergencies. Unfortunately, some credit card companies (Banker) practice unfair methods, which can leave you owing thousands of dollars. Yet, there are different ways to dispute unfair credit charges and successfully sue a credit card company.

Step 1

Attempt to resolve the problem without the courts. Suing a credit card company is costly for both parties. Before seeking legal action, contact the creditor to negotiate a deal. Be calm, but firm.

Step 2

Visit the Federal Trade Commission website. There are laws to protect you from unscrupulous credit card companies. Go to the FTC’s official website and learn your rights as a consumer.

Step 3

Find a qualified attorney Although lawyers are skilled to handle a variety of law cases, it’s best to choose an attorney who knows how to sue a credit card company.

Step 4

Keep accurate records and retain credit card statements. It isn’t easy to sue a credit card company. Lawyers and judges request a lot of information. Save all documents. This includes e-mails, print correspondences, statements and collection letters.

And Last Step

Arrange for the credit card company to pay your attorney and court fees. If you win the case against the credit card company, make the creditor responsible for your out-of-pocket expenses.

There are plenty of positives about carrying plastic instead of cash. Convenience, frequent flier miles and boosting your credit rating are a few. However, as so many people have learned, credit cards are only advantageous if used correctly. It’s no secret that credit card debt has emerged as a significant financial concern for millions of card holders. Getting out of credit card debt is an arduous task. Avoiding it in the first place is much easier, if you have the self-discipline to follow a few simple rules.

1. Choose wisely: Frequent flier miles or cash back on purchases may come at a high price. Find out the Annual Percentage Rate (APR), the interest rate that will be added monthly to any outstanding balance. Also see if the rates are fixed or variable. Next, find out what the grace period is and review all fees, especially transaction fees. Then look for any other charges such as special delinquency rates, which can be very high. Read the fine print carefully and, remember, credit card companies make a lot of money under the assumption that you won’t pay your bills in full and on time every month. Shop around and compare cards. CreditCards.com is one of several places to make comparisons.

2. Establish good credit card spending habits: How you think about, and use, your credit cards are primary factors that will determine whether or not you end up in credit card debt. A credit card should be a convenient means of spending money that you have readily available. It is convenient because you don’t have to carry cash around. It is not a free pass to spend money that you don’t have or will be borrowing.

Keep a budget and know what you have available to cover expenditures. Forget the spending limit the card gives you and establish your own based on your budget. Then use the card for major purchases or in emergencies. Rule of thumb: If you do not have money available in liquid assets to cover the purchase, don’t use the card.

3. Pay in full at the end of each month: This should be easy to do if you follow the rule above. If you find that you cannot pay the full amount, put the plastic away and use cash until the following month when you have the opportunity to get caught up.

4. Keep good records: Keep all credit card receipts and reconcile them with your statement each month. Read statements carefully to see if there are charges that you do not recognize. If there are errors, report them to the credit card company immediately. Also make sure you have the numbers of all credit cards in a handy place in case you lose one or have one stolen.

If you can get into good credit card habits early on and stick with them, you will avoid having to dig yourself out of credit card debt.

Credit cards have made life so easy for us we forget what it was like before they existed. In fact many of us have never known a time without them. Today a credit card is an essential piece of financial kit to have with you. With the advance of the internet and state of the art online merchandising, purchasing everything from airline tickets to buying the latest John Grisham bestseller can be done with just a couple of mouse clicks.

Credit cards are the best buy now pay later scheme going, and if you can balance your credit cards properly and settle in full at the end of each month, it doesn’t even cost you anything. Ah, but therein lies the problem. They are just too deliciously easy to abuse. The car needs new tyres, the kids need new clothes, and suddenly you have overspent. To pay it all off in full is going to eat too heavily into your monthly wages.

It happens to the majority of people who have credit cards, more especially to those who hold dozens at the same time. That’s when the banks rub their hands in glee and start piling on the interest. They’ve got you. You have fallen into the credit card debt trap.

If it gets out of hand, let’s take at ways you can settle your credit card debts.

Since you have voluntarily signed up for credit, there are rules that govern this type of loan. The deal is, if you can’t settle in full you will be charged ongoing monthly interest.

When it gets to extremes and you find you can’t settle your credit card bills, that’s the time you need to reach an agreement that will be beneficial for both you and the lender.

You can write to your credit card company detailing your intent to start debt settlement proceedings. You can hire a lawyer to represent you, or you can hire adebt settlement company to directly communicate with your lenders. Be aware though that while many debt settlement companies will have the expertise in dealing with credit card companies, they are paid a monthly administrative fee to facilitate all debt negotiations. You also need to be aware that some debt settlement companies will take your money and you will still receive chasing calls from yourcredit card company.

You have to be certain in your own mind that you are willing to entrust your debt settlement matters to a third party. To find out more about this method, there are several online resources worth checking.

When looking for a Debt Settlement Company be sure to list your requirements and check out these companies. You also need to be aware that some debt settlement companies will take your money and you will still receive chasing calls from your credit card company. You have to be certain in your own mind that you are willing to entrust your debt settlement matters to a third party. To find out more about this method, there are several online resources worth checking. Learn More about Credit Card Debt. For information on all types of ways to Settle Credit Card Debt come to consolidating credit card debt.