So there is a 50 / 50 chance that the economy is going to be good or that it is going to be bad. For most people that is a really big problem. Because as the Nation's economy goes so does their personal economy go. Up goes the economy, up goes their paycheck; down goes the economy, down goes the paycheck. So how do you avoid that situation.
The best answer that I can come up with is to just refuse to participate in a bad economy. Just unplug your self! Make the decision to separate your PERSONAL ECONOMY from the rest of the world!
How do you do that you might ask? That's easy, make a decision and take action, and a lots of it. With the help of the Team at ThePowerToBeFree.com we can help you create a plan for your OWN PERSONAL ECONOMY.
Design your personal economy so that it meets your every need. And why not, it's your life and you should be free to live your life as you wish. Take the next step if you are not already a member and go to www.ThePowerToBeFree.com to register and get your free Report "Pitfalls to Avoid in Commercial Real Estate!"
US Economy May Escape Recession in 2008 The odds of a recession in the US economy have risen to even, and even if there is no recession officially, it will feel like a recession to most Americans, according to Standard & Poors. Still, S&P Chief Economist David Wyss predicts a bumpy landing but no recession. Housing problems have taken most of the attention in the media so far, but housing alone is unlikely to cause a recession, Wyss writes in U.S. Economic Forecast: Fasten Your Seatbelts, It's Going To Be A Bumpy Year. But only if the downturn extends beyond housing is a recession likely. The drag from the housing sector has been fully offset by two other sectors: foreign trade and capital spending. Over the past four quarters, the improvement in the real trade deficit has added 0.45 percentage point to real GDP growth, offsetting nearly half of the housing drag, Wyss writes. "We expect this to continue in 2008, as a weaker dollar and still-strong foreign economic growth help exports, while imports continue to slow because of weaker U.S. demand. The danger is that the foreign economies may weaken more than expected. Europe and Japan have both relied on trade surpluses to offset soft domestic demand." Nonresidential construction expenditures are expected to flatten out in 2008, as slowing employment growth reduces the need for office space and weaker consumer spending slows retail construction, S&P says. The 2007 surge in highway construction will also slow in 2008. So far, except for housing-related sectors such as furniture and building materials, consumer spending has held up much better than expected. Wyss believes that consumers will cool off in 2008, however, because of higher oil prices and falling home prices. In addition, a rising unemployment rate will cut into consumer confidence. Whether the economy will be soft enough to count as a recession will depend on how much purchasing power is sucked away by higher energy costs and on how pervasive the damage is to capital markets, Wyss concludes. Our belief is that this will be a bumpy landing, but not a recession.
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Darrick H Scruggs
The Power to Be Free