Archive for the ‘economy’ Category
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 ...
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Saturday, November 1st, 2008
“The world economy is now entering a major downturn in the face of the most dangerous shock in mature financial markets since the 1930s,” claims the International Monetary Fund (imf.org).
It appears that the IMF, the European Union, and World Bank have been quite busy bailing out one country or another. ...
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Thursday, October 30th, 2008
Citizens may be feeling the pressure from the media or government to get out there and save the economy by spending – it’s their patriotic duty to spend. According to the Federal Reserve’s Beige Book report, consumers have been pulling back on spending since September, with a resounding moan from ...
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Wednesday, October 22nd, 2008
Financial indexes play a major role in how Americans, in fact how people globally, determine how their economy is doing. A financial index measures the day to day movement of stock markets. Indexes have become a yardstick of the economy. One of those financial indexes is the NASDAQ Composite Index.
The ...
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Thursday, October 16th, 2008
So, like most, my thoughts have been on where the US economy is right now and where we are headed. We've known this was coming for years. Unqualified home buyers in bulk. Large mortgage companies collapsing. Credit Card Debt out of control. Spending 3 trillion on the war in Iraq.
Last ...
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Monday, October 13th, 2008
Trying to understand how the economy, the Federal Reserve, and even gas prices affect the credit card in your wallet can be difficult. However, along with other factors, they are all closely related.
Most financial transactions involving banks revolve around the Federal Reserve and the interest rates they set. The Federal ...
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Saturday, August 30th, 2008
In the United States, the term commercial paper refers to promissory notes that have a fixed maturity of less than two hundred seventy days. These negotiable instruments are issued by corporations or banking institutions in exchange for capital that can be used to meet short term financial obligations such as ...
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Monday, May 5th, 2008
For the last 2 or 3 months, we have been bombarded with talk about the economic stimulus package (i.e. tax rebates). Since the legislation was passed to actually fund the rebates, the economy has gotten significantly worse. Finally, the money is actually rolling into bank accounts and it seems that ...
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Monday, April 7th, 2008
For months, now, all the news about the economy and anything associated with it has been negative. The housing market is not doing well. There's a "credit crisis". Oil prices are at record highs and, consequently, we are paying much higher prices for gas. The stock market has gone down ...
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Thursday, March 6th, 2008
Unless you rush out to spend your tax rebate check as soon as it arrives, there isn't much you can do to help the U.S. economy. We just have to hope that, eventually, the government efforts will work. Until they do, we'll be stuck "waiting it out". While we are waiting, there may ...
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