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U.S. Heading for a Recession? Maybe It’s Time to Get Your Financial House in Order…
A recent study done by CNN Money indicates that only 19 percent of the 1,000 Americans polled believe that the nation will avoid a recession in 2008. What is more telling is how this collective fear is beginning to mold the financial behaviors of people across the nation.
One of the many questions asked in this survey stated the following:
In the past 12 months, have you been spending about as much as you did before on most things, spending more, or cutting back on your spending compared to twelve months ago?
As you can see, 48 percent of those who took the…
21Jan2008 | S. Oakes | Comments Off | ContinuedThe Recession Answer: Trickle down or trickle up
After more than eighteen months of doomsday predictions, the nation is just now getting around to planning for a recession. Some say it is too late. Others believe there are still hopes of eliminating a debilitating downward spiral.
On Thursday, our nation’s elected officials conducted a conference call and gathered around a virtual table to discuss the options. When it comes to keeping a multi-trillion dollar economy out of the hopper, the choices are often painful and limited.
Fed Chief Bernanke wants immediate relief. He wants cash in the hands of American consumers fast. An economy filled with cash-heavy consumers is…
18Jan2008 | Anonymous | Comments Off | Continued
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