Before going further, let’s go back a bit to recall what happens in the 2007-2008 crisis earlier. It is an innovative product called Subprime Mortgage which became the main cause.

Represents subprime mortgages (mortgages) at high risk are offered with attractive option, at least look like it. In the first year, Subprime borrowers are not charged interest. New interest charged after the first year.

This product is an attractive choice for lower-class communities in the United States (U.S.), because it makes them have a chance to have their own home. I was so much demand, named Subprime mortgage bonds are also traded on the stock market with many innovations derivatives.

Almost all major banks in the U.S. and Europe invest in this product. Subprime product value is unsparing reach U.S. $ 1.5 trillion.

But unexpectedly, so the first year went by, surprise came. Subprime lenders apparently many are not able to repay principal and interest has begun to bear after a year. As a result, major banks in the U.S. and Europe failed to pay that is not haunted by abysmal responsibility.

Not only the U.S. and Europe, its impact is felt almost the entire world economy and capital markets, including Indonesia. A total of 123 U.S. banks were finally enrolled bankruptcy. Stock market indices around the world also experienced a sharp correction over 50% in just one year.

Fortunately, in 2009 the positive sentiment and spirit of optimism managed to lift back the indices of global stock markets from collapse. And in 2010, with the same spirit, it is hoped will be a year of recovery.

Unfortunately, the road of recovery and restructuring is not likely to pass easily and smoothly. According to the VP Research & Analys PT Valbury Asia Securities Nico Omer Jonckheere, the world still must go through two stages of the global crisis.

“The recession may have ended, but the depression just beginning. The real crisis is still ahead of us,” he said in a talk with detikFinance some time ago.

According to him, most people are too happy with the euphoria of recovery in 2009, so missed seeing the signs of the crisis continued. Nico explains, Subprime Mortgage may have passed. However, he asserted, Subprime Mortgage is not the only high-risk mortgage products in the U.S..

Items referred to Nicole is home loan product called Alt-A and Option ARM. Both products are often known as Ninja loans (No Income, No Job and Assets), which means that mortgages for people who have no income, employment and collateral.

The difference with the Alt-A Subprime and Option ARM gives flexibility to the customers in paying the installments during the first 5 years. After 5 years will be subject to periodic interest rate adjustments.

“After 5 years, the average increase rate reached 80%,” he said.

According to him, this product is also a time bomb which could have an impact even judged larger than Subprime. If the value of Subprime was only U.S. $ 1.5 trillion, the value of Alt-A and Option ARM respectively reached U.S. $ 2.5 trillion and U.S. $ 500 billion. The total value of these two products reached U.S. $ 3 trillion.

“So the property market looks stable now, just waiting for the time of the adjustment of mortgage rates that will start this year (2010-2011),” he said.

If Subprime worth U.S. $ 1.5 trillion alone makes the world unorganized, you can imagine what would happen if it turns out customer product Alt-A and Option ARM also could not repay the interest thereon after the rate adjustment that will occur mid-year 2010.

In addition, Nicole also saw commercial property loans already showing signs of collapse. For the record, the value of commercial real estate loans in the U.S. reached U.S. $ 3.5 trillion.

“Commercial property prices fell by more than 34% during 2009. Customers who fail to pay the mortgage increased from 1% to 9%. The value of default increased 423% to $ 52.7 billion from the year 2008 amounted to U.S. $ 12.5 billion,” Nico said.

Commercial property transaction volumes, continued Nico, declined sharply from U.S. $ 133.2 billion in 2007 to U.S. $ 4.8 billion in the first quarter of 2009.

“Approximately 90 thousand in the U.S. commercial property is currently uninhabited, empty,” said Nico.

In addition, Nico added, more than 2,600 U.S. banks have loan portfolios of commercial properties above 300% of specified risk limits (risk based capital).

“Therefore, hundreds of small and medium-sized banks in the U.S. who have provided loans for commercial property must prepare to face big losses are likely to inundate their resources,” he said.

Nicole also said that during the year 2009, banks worldwide have made bleaching debt worth U.S. $ 1 trillion because of rising defaults. He predicted, bleaching of debt that will be the banks in the world during the year 2010 will reach U.S. $ 1.5 trillion.

“In mid 2010, the losses of banks in the U.S. will exceed the great depression of 1929,” he said.

Job market in the U.S. also assessed Nico potentially increased sharply up to the level of 13%. According to him, this time very bad condition of U.S. society.

“1 in 9 Americans, or about 39 million people, depend on the Food Stamp (food stamps) provided by the federal government,” he said.

If you have this, he added, economic conditions will likely mendek. Without the new jobs then there is no income. Without revenue, there were no purchases of goods and services. Without the purchase, corporate profits will not increase. And finally there are no new job creation.

Severity of the current global economic conditions, according to Nico because the economic system has pushed the debt is too large, so trapped in conditions of excess debt.

Based on IMF data as disclosed Nico, the debt of countries belonging to the G20 forum expected to increase its average to a level of 118.4% of the total GDP of its member countries in 2014.

“The main problem of the world economy is now no shortage of money, but excessive debt. The main problem the U.S. economy is yet to recover the property market, a soaring government debt, high unemployment, the credit does not flow,” he explained.

Nico also predicting the emergence of disappointing economic indicators from developed countries. Then will appear the company reported increased net income that is not supported by increased sales.

That means increased profit driven more by efficiency rather than by increased demand in the market. Purchasing power has not increased. In addition, the price to earnings ratio (PER) of stocks in the U.S. have reached 26 times, a level considered too high Nico.

Over a number of his analysis, he called on market participants more cautious in making investment measures. For, if the depression does occur, the stock indices around the world will again fall.

“Dow Jones will penetrate the lowest level in past crises at the level of 6469.95. It could fall within the range of 3800-5000. JCI could again fall to below 2,000 and even below 1,000,” he said.

Nevertheless, market participants suggested that Nico made a sale of at least 50% of stock portfolios into cash. Because cash is needed to make purchases when stock prices are collapsing.

“In addition to securing funding, if the market falls, can make purchases when prices are cheap. You did not get the maximum profit potential, but you also will not feel hurt,” he said.

“And, still always remember that every crisis or danger in the fact offer many opportunities. Now the international stock valuations are still expensive, but after the next crash will most likely be all the shares can be bought at prices very lucrative,” said Nico.

The future of the United States fiscal spending worrying for health care and assistance, and social networking program costs and interest on government loans increased, while tax revenues fall.

“We are in an area without a map. In the long term, the U.S. fiscal condition of scary,” said James Poterba, President of the National Bureau of Economic Research, in an interview with Bloomberg Radio, in Washington, today.

Poterba also taught economics at the Massachusetts Institute of Technology in Cambridge, Massachusetts. Conditions that caused the country’s voters make the economy as a major concern.

Meanwhile, the government scheduled to enter the state budget bill to Congress this week to be approved or modified. After discussing the budget, U.S. politicians will compete for power in the House and Senate in November.

Based on official government figures, Obama’s budget proposals for 2011 equivalent to 25.1% of the gross domestic product (GDP). Not much different from the budget the administration of President Ronald Reagan in the 1983 fiscal year reached U.S. $ 808 billion, or 23.5% of GDP.

Reagan’s proposed budget with the allocation of almost the same as Obama and also takes place during a recession. Meanwhile, in his message to Congress, Obama said solving the unemployment rate last year reached 10%, becomes an urgent priority.

“In the short term, there are some other things that can be done,” Nag said in a press briefing on Indonesia, at Surabaya Room, Westin Hotel, Nusa Dua, Bali, Sunday (3/5/2009).

Even so, Nag said, the ADB has several times expressed the need for a regional common currency. According to him, foreign currency such as dollars for it has put pressure on the local currency.

Previously reported, Sri Mulyani said it was time for the Asian region to reduce dependence on the dollar to reduce the pressure on the economy.

While Director of Retail Banking of Bank Mega Kostaman Thayib argues, reliance on the use of the dollar in Asia is still quite large. We have pioneered granted interstate commerce in Asia, especially Southeast Asia, which do not use that currency.

According to him, this time almost all transactions using the dollar currency. In fact, sometimes do not export anything to do with currency Uncle Sam’s country. By using the local currency, according to him, the currency fluctuations will not be too large.

According to President Djony Director ASF Bunarto Tjondro, with a success net profit growth in 2009 and then, so this year is optimistic his side will again record the growth of better performance.

“We are optimistic that with further improvement in the economy,” he said in a press release to journalists, the Shangri-La Hotel, Jakarta, Wednesday (3/2/2010).

He explained, in 2009 and the company provides financing for 93 thousand units of motor vehicles with a total financing of Rp12 trillion.

“This year we will maintain a commitment to support the automobile industry through financing new and used car through the dealership or showroom,” he explained.

For that, the company will issue bonds XI with fixed interest rate Rp1 trillion. These bonds, he said, consists of Series A through F for the period between from 370 days to 48 months. “All the proceeds will be allocated to working capital financing of motor vehicles,” he said

As many as 30 per cent of participants denied claims that children hinder careers. They said, influenced his career themselves, not by children. (Photo: gettyimages)

HOW ideal age for women to have a baby? Most of the most appropriate age is 25-34 years. Next, consider also the reason she chose to work while still raising children.

The ideal age is obtained from a forbeswoman.com dihelat survey and thebump.com. Approximately 75 percent of participants said that women, aged 25-34 years is the “perfect time” to become a mother. Whereas 42 percent answered, aged 25-29 years is the most ideal time for women having children. The rest, approximately 17 percent of the other participants said, there is no ideal age limit for women to have a child. Followed by a 2210 survey of women in which nearly half are already mothers or had children, while more than 50 percent are women without children.

Based on these survey results also found that women aged 20-30 years tend to have matured in my career and finances, so ready to take new roles. Thus lansir Legal survey from The Sydney Morning Herald, on Wednesday (3/3/2010).

“Women seeking a good balance. The main factor in reaching this new role are age, career and financial security,” said Jenna forbeswoman.com Goudreau from.

Goudreau further stated, one thing to be found through the study is not only the ideal age for a woman become a mother, but being a mom and have a successful career. Although many women planning to become a housewife while maintaining a career, as many as 62 percent of them believe that having children would give a negative impact on his career. However, this is disputed by the participants’ 30 percent. They said, influenced his career for themselves, not because of the child.

Goudreau added that the young woman when a child first, tend to invest-are material and nonmaterial-in their careers. Paid maternity leave and time flexible work hours are common benefits provided by the company where she worked.

As many as 68 percent of the participants’ mothers said they were pleased with the age when having first child first, ie before the age of 35 years. In fact, they hoped to give birth the first time at a younger age.

For most participants are women, the reasons go back to work after childbirth is a financial need. There is also a reasonable follow in the footsteps of their parents who have managed to build a family and career simultaneously

On many occasions we profess to teach children about money is not our priority. Father and mother worked and prepared many things for the future of children. But be aware that Klabers consumerist environment amid the current critical and guarded the child to ‘smart money’.

A number of academics and child psychologists warned that childhood is a golden era in the character and instill positive habits that will serve him well later. Often we deliberately show examples of ‘visible’ so that they get the message that we expect.

In a matter of money, too similar. It’s never too early children learn about money, because the children will be better prepared to face the reality of life.

Basically, the concept of money that such children need to known about how money is earned (earnings), how to share (sharing), the habit of saving (saving), shopping behavior (spending), behavior debt (borrowing). Consider, if the child started asking parents to buy an item, then you have a child old enough to understand how currency works.

The following steps can Klabers first understand and then try to apply with the children:

1. Give an example. Your life is seen daily by teaching them a natural shape. If you look wise in financial management at home, surely the children will see and a bit more will follow later. Be an example!

2. Plan to learn. Learning financial management can also be deliberately planned. Discuss with your partner! For example, we can teach older children to have? ~ Personal Finance Record Book ‘kind of money diary that contains detailed income (allowance, and others) and expenditure (heading for the charity, savings, and personal expenses). Be flexible and informal, but closely related to the everyday lives of children and families, and keep your child’s language. This is the challenge for Klabers, dare to accept challenges!

3. Creative learning and fun. Consider ways easily understood by children about financial management, be creative and fun. Use the media to invite children’s interests. Take, for example, teach them to buy a bike with a way to save some pocket money into a piggy bank opaque / special envelope. Get involved in the process, at the end of the period combine to save your savings and your baby. See how happy he was because of your help!

4. Apresiasilah! Child’s attitude is determined by the support of adults in the learning process. Apresiasilah their charity activities. Give praise for his generosity to the charity buy the have-nots. Or gently point out a lack of agreement when they are careless in personal expenses or complacent in savings.

5th. Correction. Strive to provide feedback on what the child has done. Try to have regular conversations about the use of cash advances child discipline. Acknowledge that they love and Klabers explain that this study will be useful for them also when they grow up like you. Have an open attitude to accept and answer questions concerning the necessity of the small share (charity) or the use of savings, for example.

Good luck!

Chief Operating Officer of Adira Finance Djuhandi Erina says the composition of the target is divided into 70% for motorcycle financing and car financing and the remainder of the lease (leasing).

“We’re targeting the booking can be increased to Rp20 trillion from financial position this year,” he told Bisnis.com, recently.

Adira Finance Projection previous booking Rp12 trillion later revised to more than Rp13 trillion. Achievement given that confidence in the quarter III/2009 bookings already reached Rp 10 trillion with the largest contribution of new motorcycle loans.

However, along with improving financing this year, the realization that credit is expected to reach Rp16 billion.

Previously, he expressed the company also plans to diversify its business segments financing heavy equipment leasing (leasing) for a maximum of 10% in line with the trend of increasing commodity prices.

Property values going down 1% after stagnating in 2009, says research group based in London is in a statement today. Prices had risen 0.1% in December from the previous month to the average level of 156,900 pounds (U.S. $ 250,000).

The economic decline has made as many as 600,000 people lost their jobs better, and that number rises as the British bepeluang rose from recession oldest in the record. Prime Minister Gordon Brown and Conservative opposition was seeking some way to prevent the budget deficit reached a record after the general election, scheduled to be held in June.

The deficit for the availability of homes sold will support prices, Hometrack said. Sales volume will increase to around 780,000 in 2010 from 700,000 in 2009.

For this month, as many as four of the 10 regions tracked showed Hometrack price increases, while the remainder showed no change. The increase was driven by the region and South East London, where prices had 0.2% gain. Prices in all areas England and Wales fell 1.9% compared to a year ago.

Other property data indicate the potential chaos ended. Prices had risen 2.7% in November from the level a year ago to an average of 162,764 pounds, says Nationwide Building Society on 1 December. This value is 13% below the highest level in October 2007.

A separate report today showed as many as four out of five retailers expect sales in 2010 will be the same as this year, said the British Retail Consortium. None of said sales would be worse, and the fifth predicted increase.

Greatest risk to the sales come from weak consumer demand and rising unemployment, said the BRC, which refers to a survey of 19 members on 1-10 December.

Sources who know the plan said the monetary authority in principle to allow the government to sell global bonds worth U.S. $ 1.5 billion. In addition, he added, was also given approval for emissions plan bonds denominated in yen for U.S. $ 500 million.

“If permission has come down from the central bank, we can throw into the market anytime,” said Minister of Finance Gary Teves told reporters in Baguio City, south of Manila.

Permission from the central bank is required before the government can determine the investment banks to arrange the sale.

Teves explained the government needs funds to cover the estimated deficit ballooned to more 293 billion pesos (U.S. $ 6.3 billion) in 2010, from about 290 billion pesos last year.

Philippines Bloomberg data shows the U.S. dollar selling bonds every January since 2005.

The government plans to reap U.S. $ 2 billion of bonds overseas next year with the estimated 2010 deficit of 233.4 billion pesos. Along with growing losses, Teves said, interest rates also rose.

Countries in Southeast Asia plans to sell euro-denominated bonds for the first time in 2010. While the yen began in 2001.

The Philippines has a bond that will mature in February valued at 650 million euros (U.S. $ 932.9 million) and U.S. $ 561.5 million maturing in March.

It was given the target company to serve targeted financing small and medium enterprises that dominate commercial vehicle. In addition, commercial vehicle financing risks assessed is lower than passenger vehicles.

BFI Finance Indonesia Director Cornelius Henry Kho said that commercial vehicles including minivans and trucks, each for 44% and 20%.

“The majority of our financing commercial vehicles compared with passenger as sedans, pick-ups, and jeeps,” he said on the sidelines Due Diligence Meeting & Public Expose Bonds II 2009 in Jakarta, this afternoon.

He said the current portion of financing other than minibuses by 44% and 20% trucks, sedans share reached 11%, 12% Jeep, pick-up 11%, 1% bike, and others.