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economy: RECALCULATING: How the Economy Mimics a GPS - 12/27/11 08:13 PM
Recalculating—most of us have heard that phrase as a GPS sought to discover a new route, and most of us have felt similarly perplexed as we tried to make sense of the maze that is our present economy. “Economists” tell us that the great recession ended a couple of years ago, but a quick look around tells a different tale. We only have to look to the (real) unemployment rate, declines in incomes, trillions of real estate equity lost, millions of foreclosures, new home sales at record lows and half of American households receiving some type of government benefits, with more … (8 comments)

economy: Make Plans For A Weak Housing Market In 2011 - 09/11/10 07:38 PM
With housing still in a significant slump, with the potential for unemployment to climb back to 10 percent, and with more foreclosures coming in 2011, it’s time to make plans for a weak housing market in 2011. While some areas of the country have suffered less than others, the overall condition of the U.S. economy is weak and will remain so for some time. Those who plan for tough times will fare much better than those who don’t; and if the economy should miraculously improve, the plans can quickly be altered to fit changing conditions.
 
Most experts, including many in … (13 comments)

economy: The Bottom Line on the Economy - 12/07/08 02:26 PM
Nobody knows. That’s the bottom line. While the experts are constantly barraging us with their educated opinions, we must remember that what they provide is just that—OPINION. No one really knows what is in store for us in the coming months and years, yet we receive a daily barrage of opinion from the media that’s often presented as fact.
 
Our economy is multi-faceted and ever-changing, and our government is continually seeking new ways to restore its vitality. That alone makes it practically impossible to predict what the future holds with any degree of accuracy. A recent statement from Lawrence Yun, … (8 comments)

economy: Political Games - 09/27/08 04:38 PM
(I tried positng this earlier, but had problems. Forgive me if it shows up twice)
Washington is still playing politics, and this time our very financial future depends upon their actions. Lawmakers are doing more political posturing than making constructive progress towards rescuing the financial markets. I’m not being pessimistic;
 
I’m being realistic when I say disaster is near. The market for short term paper has virtually come to a halt, and businesses can't find sources for needed capital. Banks are struggling to remain solvent. Consumers are beginning to panic—not unlike 1929—and are withdrawing record amounts of money from banks. … (1 comments)

economy: Recession? Depression? What the Heck is This Anyway? - 09/23/08 02:43 PM
Many are looking at our current financial crisis and asking if we are not already in or are heading into a depression, and the so-called experts all have an answer. The problem is, they don’t agree. It’s easy to find some of the financial or political pundits who will tell us that, for all practical purposes, our country has already slipped into a depression; and for the average person it’s difficult to understand just what that means. If we look only to the factors by which we measure the economy, we’re not even in a recession, but our rational mind tells … (1 comments)

 

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