Newscasts report daily that our economy is on a downward trend. People are losing their homes, highly-paid executives are losing their positions and having to settle for lower-paying jobs, food and energy costs continue to increase, and the list goes on.
While these facts are true, what we are experiencing is not new, here is a list [...]
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The recent failure of several major financial institutions, widespread credit squeeze, and big drop in stock prices have led to what is considered by many as the worst financial situation in the United States since the Great Depression in the 1930s. This crisis has had or will have major impacts on most sectors of the [...]
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As the recession drags on and unemployment rates continue to rise, an increasing number of people are suffering a sort of “recession depression”. People are facing the effects of the credit crunch with mounting debts and the fear of losing their homes.
Being proactive is the best way to tackle any crisis. First, take a deep breath. [...]
So the economy is the worst it’s been in our lifetime. Maybe you’ve lost your job or you’re simply looking for something to do since you can’t afford to go anywhere right now. Just maybe it’s time to write that book that you’ve thought about writing for the last 15 or 20 years.
Nearly everyone has [...]
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The global financial crisis. Around the world stock markets have fallen, large financial institutions have collapsed or been bought out, and governments in even the wealthiest nations have had to come up with rescue packages to bail out their financial systems.
A global financial meltdown can, and will affect the livelihoods of almost everyone in an [...]
The news isn’t getting much better in the financial sector. What does the future hold for Americans and the world? With the domestic and world markets struggling, and with new bad news on the economy arriving by the day, it’s no wonder that 60% of Americans believe a depression is “likely.”
Today from Yahoo!Finance see below:
NEW YORK (Reuters) [...]
One day after signing his economic stimulus package, President Obama releases his plan for mortgage relief. The continued decline of the stock market shows the lack of confidence in the government plans.
NEW YORK – Wall Street extended its decline Wednesday after President Barack Obama released details of his $75 billion mortgage relief plan.
The plan is designed to [...]
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It used to be a given to have faith in our government and it’s officials to protect the citizens of this country. In light of the recent economic crisis and the Bernie Madoff billion dollar fraud that was apparently “missed” by the SEC after they were tipped off, it’s becoming more and more difficult to [...]
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The financial crisis is affecting many Americans adversely.
Some signs to watch out for if you suspect your elderly relatives may have trouble handling their finances:
– Unopened mail
– Late or unpaid bills and collections actions
– Confusion or lack of interest about what bills have been paid
– Bounced checks
– Disorganized personal paperwork
– Uncashed checks or unclaimed [...]
It seems as if the housing market is the key to the current financial crisis. When can we expect to see a recovery in the housing market?
It looks like the U.S. homebuilding story entering 2009 may be much like 2008, with weak demand, high cancellations, lower pricing, and industry inactivity. Current housing market conditions remain weak, with [...]
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