Archive for November, 2008
Sunday, November 30th, 2008
Barack Obama was elected the forty fourth president of the United States of America on November 4, 2008. He is the first African American president to ever be elected.
President Elect Barack Obama’s cabinet has begun to take shape. He has started to form his economic team. It is crucial for ...
Posted in economy | 3 Comments »
Saturday, November 29th, 2008
The recent decrease in gas prices has been a welcomed change to the beleaguered American consumer. After four years of steady increases, the price of a gallon of gas has declined steadily since the financial crisis began abating worldwide demand in September. The national average gas price fell by 15 ...
Posted in energy costs | 2 Comments »
Friday, November 28th, 2008
What is Deflation?
Deflation, as defined within the study of economics, is a general decrease in the price level of goods and services below zero percent. The below zero percent qualifier is important because it indicates that prices are actually decreasing as opposed to increasing to a lower degree than in ...
Posted in economy, money | No Comments »
Thursday, November 27th, 2008
The Summit on Financial Markets and the World Economy was held on November 15, 2008. There were many countries represented at the summit. The following countries were represented: The United States of America, Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Netherlands, Republic of Korea, Russia, ...
Posted in economy | No Comments »
Wednesday, November 26th, 2008
As the economy and real estate continue to decline into a deep recession, the American dream is fast fading away. People dream to one day be a homeowner in a financially stable situation. The percentage of single family homes sold in the United States continues to decrease dramatically and more ...
Posted in real estate | No Comments »
Tuesday, November 25th, 2008
Will Crime Go Up as the Economy Goes Down?
Many people believe that the nation's crime rate is correlated with the state of the economy -- that is, as the economy dwindles, the rate of crime increases. It's not an invalid fear: when people lose their jobs and become desperate to ...
Posted in economy | No Comments »
Monday, November 24th, 2008
While much has been said of the current financial situation in terms of mortgages and homeowners, other types of debtors have been neglected. Though it is certainly true that mortgages and banks failing are the story in this failing economy, it is equally true that bad consumer debt has played ...
Posted in credit cards | 3 Comments »
Friday, November 21st, 2008
When it comes to evaluating the stock market, there are many terms that are used. All in all, the stock market is not too difficult to understand, given the right context. With it being in the news these days more than almost any other time, people are seeking to understand ...
Posted in Uncategorized | No Comments »
Wednesday, November 19th, 2008
American Express made their announcement to the world that they are becoming a bank. With credit failure and consumers spending crashing, American Express decided to dive into the world of banking in order to stabalize themselves financially using government bailout.
The Federal reserve approved the company's request which will now lead ...
Posted in banking | 1 Comment »
Sunday, November 16th, 2008
The U.S. Government has found themselves face to face with an enormous money pit popularly known as American International Group or AIG. AIG is one of the largest insurers linked to retirement held by millions of Americans, mutual funds and U.S. mortgages which made it neccessary to fund the company ...
Posted in economy | No Comments »