Energy Efficiency

climate change, energy resources and the big picture: an Australian perspective on global issues

Energy Efficiency header image 4

Entries Tagged as 'banks'

Local Governments & Fund Managers Ripped Off by Banks

February 8th, 2010 · No Comments

Is it pride or fear of ridicule that prevents local government authorities and many fund managers from releasing their poor investment strategies, or is it more that inducements paid to them to make recommendations will be revealed; how many banks in Australia – like NAB – have dealings with and apply pressure through law firms [...]

[Read more →]

Tags: banks · europe · usa

Corporate Government Greed 2 or The EU Breakup

January 28th, 2010 · No Comments

The problem with money is, you can never have enough of it. As banks around the world showed, Gordon Gecko was their idol and no avenue of extracting $’s from anyone anywhere, from local governments, the retired and pension funds put there for those who – after a life-time’s work – could live a comfortable [...]

[Read more →]

Tags: banks · big picture · economy · europe

Banks Want More Profits, But Can Loans Be Repaid?

January 17th, 2010 · No Comments

Australian families plunged into the red the Christmas period of 2009 and for the first time, owe more in household debt than the entire economy earns in a year; outstanding debt on mortgages, credit cards and loans now stands at $1.2 trillion, up 71% in five years. This record credit binge largely fuelled by the [...]

[Read more →]

Tags: australia · banks · economy · money

2010 Will Be Worse

January 14th, 2010 · No Comments

The year 2010 is likely to be the pivotal year where pundits stop referring to the recession and begin openly talking about a depression. Our economic problem is rather simple to describe: There is too much debt relative to income and/or wealth. Below is a single graph that depicts the condition of our economy. It [...]

[Read more →]

Tags: banks · economy · money · usa

America’s Sub-prime Mortgage Time Bomb Went Off

January 14th, 2010 · No Comments

It looks like Canada is next and will Australia follow as another financial vacuum hits? The federal government’s First Home Owners Grant and state governments’ ‘free stamp’ duty helped bolster the housing market in Australia; news stories via the main stream media are warning of rent increases, but where do they get the information? I [...]

[Read more →]

Tags: australia · banks · housing · money · property