From the category archives:

Australia

What The Effects Are of A Rising Interest Rate In Terms Of Its Currency: Look At Australia

October 6, 2009 · 0 comments

in Australia, central banks, exchange rates, foreign investment, interest rates, international economy

Australia just became the first major central bank to raise its interest rate (today, October 6, 2009) since the beginning of the financial crisis of 2008-2009.  From 3.00%, it raised rates 25 basis points to 3.25%. So what?  What does this mean, you might be asking?
Below I’ll take a look at some of the effects [...]

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Australian Mutual Fund Blocks Investors From Withdrawing Money

October 27, 2008 · 0 comments

in Australia, international economy, news and updates

Colonial First State is the latest wealth management company to freeze funds down under: previously Perpetual, AXA, and Australian Unity did last week.  Read the coverage here.
Could this happen in the US and/or Canada?  You bet.  Why not?  Getting pretty scary.  Nothing like someone preventing you from taking your money before it falls to zero.
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