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Stephen Lau's Articles in Finance

  • Another Perfect Storm - the Dollar Devaluation!
    Dollar devaluation is the perfect storm that is brewing. A dollar crisis is only a matter of "when" and not "if." Trillions of dollar-based assets are held by foreign governments, investors, and speculators. A change in the perception of the value of the dollar may lead to a dollar crisis. Inflation could contribute to decline of the dollar. Any unsatisfactory Treasury bond auction may also lead to massive dollar devaluation.
  • Why Obama's Bailout Plan May Not Work!
    President Obama's financial bailout plan may not work. The current financial crisis is a complex problem that cannot be fixed simply by pumping more capital into the system. The innate problem is that there is too much capital, created out of thin air. The federal government is simply repeating the mistake of the American people - overspending. Spending more money does not solve the problem of overspending.
  • How To Overcome Your Financial Stress
    Financial stress is inevitable because financial problems, as any other problems in life, are unavoidable. Integrity, one of the most important core values in life, enables you to see the true value of money, instead of the value of the things money can buy. Integrity enables you not only to confront your financial problems but also to seek solutions, thereby eliminating your financial stress.
  • Why Do People Go Into Debt?
    Many people get into debt for various reasons, including deficit spending, unforeseeable circumstances, personal choice, self-denial, and ignorance. To stay debt free, you need to have self-discipline to curb unnecessary spending, keep a healthy body and mind, as well as a healthy marriage. Also. you need to educate yourself on money matters. Stay debt free for the rest of your life.

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