Money Makes Life DelightfulIt’s all about Money, Honey… Money makes life delightful & worth celebrating. Stocks, investments, finances, tips to earn money, etc etc. |  |
You must be wondering why I am publishing this post on a Making Money blog… Your doubt is absolutely justified. If you give me a chance to explain, you would agree that we brainstorm (on this blog) on how to make more & more money. And money is obviously related to the overall economic health of a country – and hence one must have a brief idea of what is going on and why. If the economy is not in …
Big financial institutions of all sorts are in dire straits across the globe. But one category remains unaffected — microfinance. Even as the global financial system freezes and giants like Lehman Brothers collapse, microfinance institutions (MFIs) are expanding unfazed. Famous financiers face defaults big enough to wipe them out, but MFIs report virtually zero default.
This is extraordinary. Big financiers lend against collateral, a back-up if their borrower defaults. But MFIs lend with no collateral at all. Big financiers lend to …
The global financial crisis assumed unprecedented proportions over the last few weeks. Governments across the world had to intervene and bail out many large and leading financial institutions, and the
entire financial system was on the brink of collapse in the USA and Europe. Not surprisingly, the equity markets globally have turned extremely edgy. The ruthless carnage has taken our markets to the 10,000 levels—that’s a correction of over 50% from the highs of 21,000 in January 2008. Clearly, these are …
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