The 14 million credit card users in Australian could be saving money if they made use of balance transfers and low rate credit cards . The average outstanding balance is $3,142 according to the Reserve Bank of Australia.

If the average credit card balance is $3,142 and the average interest rate, the interest could be costing you up to $45.00 a month. This could drop to $32.00 a month if you were using a low rate credit card. (more…)

In the wake of the global credit crunch, stock exchanges throughout the world collapsed in tandem. Why?

1. All of them - from the mighty Wall Street to the puny Macedonian Stock Exchange - have come to depend on a regular and inexorable flow of foreign portfolio capital to sustain the bull market. When this influx of hot, speculative funds ceased and foreigners began to sell their holdings, the bubbles burst everywhere at once. (more…)