Abelardo Cortez

Impact of changing interest rates in the economy

April 04, 2024 6:20 am

Most central banks all over the globe usually change their target interest rates in response to a given economic situation. They raise rates when inflation is overly strong and lower the rates when inflation in the economy is sluggish.

Do not give up your own entrepreneurial dream

February 27, 2024 12:06 am

Probably there’s more to that recent news story which we must appreciate. The recent wellness index online survey conducted by HMO Philcare strongly indicated that many Filipino Generation X known as post-Boomers whose ages are between 43 and 58 as well as Filipino Generation Y whose ages are between 27-42, have expressed strong preference to business ownership rather than employment. In a manner of speaking, this is a welcome reaction from this group.

Lack of due diligence is bad for your wealth

December 15, 2023 7:30 am

Is bank's too-big-to-fail concept back?                                

July 26, 2023 6:18 am

It was during the 2008 financial crisis in the USA when this too-big-to-fail concept first burst into public discussions triggered by the collapse of that big investment bank Lehman Brothers. This concept generated outrage and criticism within the corridors of the banking world.

       Historic fall of US-based Silicon Valley Bank

April 10, 2023 10:21 am

To everyone’s dismay, history repeated itself. Before we had Madoff, the subprime credit crisis, and other bank and investment officers stealing as well as losing millions of investors’ money in unauthorized trades including large, undisclosed fees. Obviously, Enron’s illegal history lingers on.