Read this article, Dubai heat felt around the world to get the latest information,

“THE tip is that the company that led Dubai’s spectacular growth, Dubai World, will be bailed out of its financial strife by black gold, with the richest member of the United Arab Emirates, Abu Dhabi, writing the cheque. Let’s hope it happens, because a Dubai World collapse would send shock waves around the globe, not least in Australia.”

Dubai World has apparently collapsed with $59Bn of debt. It is asset rich but cash poor. It has approximately $99Bn in assets according to the papers. And it is basically government-owned and should not have a problem should it?

“It was well known that the emirate’s speculative property boom had busted, but the markets were not expecting its key state-controlled company to seek a debt moratorium.”

“Dubai property prices are down about 50 per cent since the global crisis erupted.”

Only a year ago….  in an article, “Dubai discloses details to assuage fears” we were told,

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I thought I should let you know that I plan to upgrade me WordPress blog to the latest version over the next few days. I might even change the theme and look a bit if I am successful with the upgrade.

As with all upgrades things can go wrong.

I’ve got two full backups of my blog files and my database on two different PCs so let’s hope things go well.

You will see a message like the one on the right. Hopefully it will only be for the 60 minutes mentioned in the message windows.

If not you will see it for a little longer

Don’t worry - I’ll be back!

Between deflation and inflation our governments gamble on inflation as the lesser of two evils.

There is no doubt in my mind that Reserve Banks all over the world are an evil blot on our modern society. They are laws unto themselves and do not account to the voting public for their behaviour.

It took all of 30 seconds for Ben Bernanke to type a 1 and 000,000,000,000 into his computer and create a trillion dollars out of thin air.

It is almost impossible for the man in the street to even get his head around what Ben has done and what it means.

The consequences are inevitable - inflation with a big I.

The fear right now is deflation with a big D (Not Depression yet - that word is forbidden for now).

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It’s great see some good advice being directed at retirees at last. The “Retirees Survival Guide Your Ultimate Manual” is an article written by John Wasiliev in the Australian Financial Review.

At just two pages it lists 11 strategies you should consider if you want to manage your way through this financial crisis and well into retirement.

You’ll need to sign up for the 14 Day FREE Trial to get the article unless you fork out $3.00 for the Week End Financial Review.

But I think it is worth a look and could be the basis for you to take control of your retirement nest egg.

There is an excellent graph courtesy of AMP that show what it takes to recover after losses.

This is just a quick post to get this information out there.

If you believe what is happening to the Dow then a miracle happened this week. The Dow effectively fell out of a 10 storey window and got up and walked away.

If you believe that then you may have a problem grasping the reality.

I’ll grant that with the government manipulations going on the save the stock market, sorry I mean the economy, they may well put a temporary floor under the market. But does everyone believe this is the end of the subprime mess, the credit crunch the derivative scams and any number of things that have not even come to light yet? I don’t think so Tim!

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Although this is an American report it is probably no less valid in most countries where Baby Boomers have to manage their own retirement nest egg. Baby Boomers are caught in a Retirement Catch-22 between their retirement expectations and their retirement preparedness.

The Report “Baby Boomers and Retirement: A Generations Catch-22″ is the results of a survey done to find out how Americans feel about retirement. It is published by Thrivent Financial for Lutherans. It is only 16 pages but well worth reading.

Their Web site is very comprehensive and full of information about all facets of retirement. Even though it is organized for the Lutherans this site will help you to think about your retirement in an organized way. The topics discussed are relevant to all Baby Boomers world-wide.

It’s News section carries surveys on Baby Boomers so you can see what others are concerned about too. For instance here is the results of a survey to Reveal Retirees’ Priorities. Read the rest of this entry »

Hello to all the Baby Boomers in Australia that have visited this blog today. I hope you find it informative and useful. You probably got here after reading Annette Sampson’s article in the Money section of the Sydney Morning Herald.

Please take the time to read the About Me so you may know more about me and what I am trying to do.

This blog is aimed at all Baby Boomers all over the world who are in retirement or just about to retire. it is not a blog for investment advice though.

The blog aims to help Baby Boomers protect their nest egg in retirement and reveal to them all the ways their nest egg can be taken from them when in retirement. Read the rest of this entry »

This post is just a quick one to point out several important topics affecting Baby Boomers approaching retirement. I find MarketWatch has some very interesting articles and audio’s. Some I don’t agree with but the ones listed here I believe are important to us Baby Boomers.

This will be a short post because a family matter has taken most of my attention. It should be back to normal tomorrow.

They just seemed to me to hit all our hot buttons with their topics.

Consumers more at risk from financial scams as stocks slump Read the rest of this entry »