I am unsure what to think about the recent move by Bank Negara Malaysia (BNM) to tighten lending on the non-bank side of the lending system. While the statistics in that sector is scary when compared to the banks, the non-bank sector does provide financial services to the low-income earners. The financial services provided here […]

I handle my finances conservatively. I spend very little for someone my age and my profile. In fact, I impose a sort of limit on my spending. I am conscious of it and get mildly nervous if my total spending grows too fast even when I can more than afford it. I probably do buy […]

“…Treasuries have become a form of insurance against their own downgrade.” [Chris Reese. Bonds climb with safety buying as stocks dip. Reuters. July 26 2011]

Not too long ago when the Australian government ran a budget surplus, the Howard administration announced a plan to stop govenrment borrowing. That was around 2003. The financial industry was unhappy with it and lobbied the government to abandon that plan, citing havoc it would cause in the Australian financial market. The lobby was succesful. […]