economic news

How Does the World's Economic Problems Effect All of Us Personally

If you have been following world news at all, you have probably heard about the massive protests in cities all over Europe and the Middle East. Although the unrest in the Middle Eastern countries largely has to do with pushing out dictatorships. There is like Europe, a deep problem with the inequity between the super rich and the rest of the populations.
In Europe the unrest has to do mostly with failing economies and who should bare the burden of austerity and budget cutting. Some countries like Greece and Portugal are also in a debt crisis that has brought them to the brink of economic collapse.
Do any of these problems that average people in countries all over the globe are upset about sound familiar? If you answered yes, then you are taking notice. The U.S. economy is also experiencing many of these economic problems. The divide between the super …

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economic news

What Steps Can You Take for Your Business to Survive in Bad Economic Times?

When there is a drought, most farmers pray for rain. Will that make rain pour from the heavens? No and the same thing will happen when you are stuck in a rut during a recession. You just have to wither out the storm because this is the only way you business will stay afloat.
No matter if your business is small or large, marketing is the best way to get your message across to the people. During a recession, you have to make cuts in the budget and instead of spending more on advertising, it is best to use this money in retraining your staff because customer service is key when you want to set yourself apart from the competition.
Cuts should also be done in terms of how much you get from the business and if you are the owner, the best way to do that will be to …

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economic news

Wisconsin - America's Waterloo

The very fate of our great nation is being decided right now, in Wisconsin. If Governor Scott Walker prevails against the powerful unions, his victory will light a firestorm of state by state revolution across the nation and halt the cancerous spread of Socialism.
Since FDR, America’s citizens have been systematically brainwashed by our government into believing it could provide for the retirement and health care needs of its citizens. It also promised generous safety nets, such as the 99 weeks of unemployment benefits our government currently provides. One social program after another, over time, slowly began to transform a growing segment of Americans from a self-reliant citizenry to a government-dependent citizenry. And for nearly 60 years it worked. It worked in large part due to the fortuity of a demographic shift that began when the first Baby Boomer was born and continued until the first Baby Boomer retired, thus …

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economic news

Preserve Your Assets

For decades we’ve been made to believe that Economics is a “science” that should be handled by a handful of intellectuals. After all, we shouldn’t worry much about the details! We should leave those in the hands of those that have the ability to analyze and make decisions. All too often I hear about the idea that man-made economics is far better than the free market economics. It’s been now more than 60 years that our economy had used the Keynesian man-made approach but does it really work? I wonder if man – as smart as he is – recognizes that sometimes the universe is bigger and more powerful than he is.
Reality is that economics directly affects our lives. Just because we never lived to experience an economic depression doesn’t mean we’re immune from such crises. The good news is that we can do something about it. All it …

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economic news

Housing Bust Makes Location More Important For Home Buyers

Location is even more important for home buyers in the wake of the Great Recession. The old maxim is more valid than ever. The three most important factors for picking real estate are location, location and location. That’s the conclusion of research sponsored by the Mortgage Bankers Association.
While many housing markets will see increasing home values and will fully recover, some have reached a tipping point and will suffer protracted or even permanent problems, according the Study of Real Estate Markets in Declining Cities.” Some neighborhoods may never again be economically viable.
“This is a critical point that should be well understood by potential home buyers and lenders who want to avoid places plagued by high foreclosures, vacancies and a deteriorating housing stock due to deferred maintenance,” said James Follian, the study’s author.
Different cities and even submarkets within a city have widely varying housing market outlooks, said Follian, …

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