From the category archives:

Australia

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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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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