Your Money Weekly with Mike Periu

24. October 2008

9 steps that can save you over $1,000 per month

We are hearing the word recession more often these days. Given the impact of the financial crisis on the economy, it is highly likely that we are currently in a recession or will be in one very soon. A recession refers to a “period of declining economy activity that typically lasts for at least a [...]

Understanding the financial crisis and what it means for you

18. September 2008

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Understanding the financial crisis and what it means for you

The current financial crisis - 13 months in the making - is having an unprecedented impact on the global economy. Consumers, small businesses, large corporations, pension funds, private equity funds, hedge funds, sovereign funds, commercial banks, investment banks, central banks, emerging markets, developed markets, everyone is feeling the impacts. How did we get here? What does it mean for you? Read more to find out.

18. September 2008

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What is happening in the financial markets?

The events of the last few weeks are truly without precedent in the financial history of the United States. We have witnessed the largest and supposedly most trustworthy institutions become financially impaired principally due to the poor decisions made by managers. How did we get here?

13. October 2008

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Financial crisis updates for October 13, 2008

Financial crisis updates or Monday October 13, 2008 Central banks take coordinated action The Federal Reserve (the U.S. central bank), the European Central Bank, the Bank of England and the Swiss Central Bank announced coordinated measures to offer unlimited dollar funds in auctions with maturities of seven days, 28 days and 84 days. This provides banks with [...]

28. August 2008

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Are you covered against natural disasters?

This year has been especially difficult for the country when it comes to natural disasters. From tropical storms to earthquakes to wildfires to floods to droughts and now possible a hurricane, it has been a very busy year so far. As a result of these calamities, thousands of families have lost their homes and many [...]

21. August 2008

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How do you handle financial difficulty?

As a business adviser who frequently appears in the media, I have the opportunity to meet many people every day. Many of them are going through financial difficulties and must make important decisions that could permanently impact their quality of life.

14. August 2008

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Getting a loan approved: It’s harder today even if you have good credit

The housing crisis in the US continues to generate large financial losses at banks across the country. As a result, banks have made their lending polices far stricter to avoid lending money to people and business that can't pay it back. Specifically, they are taking more time to evaluate borrower's applications and requiring extensive proof of income, high FICO scores and more to qualify for loans and lines of credit.

7. August 2008

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The new housing law: What it means for you

The Housing and Economic Recovery Act of 2008 was signed into law by the President on July 30, 2008. This completed a year-long process that began on July 30,2007 when the bill (with a different name and a much broader scope) was formally introduced in the House of Representatives.

17. July 2008

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Is your money safe? What Indymac’s failure means

The collapse of Indymac Bank is a sobering reminder that you can never be too careful about where you put your money. While no one should panic, a prudent step would be to review where you bank and make sure that you are protected in case the worst happens. This week, I take a closer look at what happened to Indymac and then discuss what you should do to make sure your money stays safe (no, don't put it under your mattress).

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