As the world enters worst economic crisis of the century, several factors begin to interfere with your daily life. Economic turmoil can result in rapid increases in fuel prices as well as staple products and services, large layoffs and cutbacks at top U.S. companies, and major stock market losses and market volatility. Foreclosure and Unemployment rates are increasing nationally at an alarming rate.
The current US unemployment rate is 7.8%, a decade high. Housing, credit, oil & dollar crises are all signs of a severe economic recession in the United States beginning in 2008. As current trends continue we can expect...
Knowledge today prepares you for tomorrow.
Despite the news that the US economy is now on its way to recovery, Timothy Geithner warned that this year is still one of those difficult periods. During a congressional hearing, Geithner said that the effect of the financial crunch may last for a long time. On a more positive side, the Treasury Secretary of... Read More »
There are now drafts being made on the G20 Toronto communiqué which aims to lower the deficits, hoping that a back-to-back recession would not happen. Canada indeed became successful in recovering from the previous recession. However, one of the market watchers said that the recent recovery efforts will not be spoiled especially now that United... Read More »
Every country experiences an economic recession. It is because this is a part of the economy flow. Right now, everybody is talking about it. Try to watch the news and there was never a day when you won’t hear something about the recession. For most people, the recession is scary and it affects all of... Read More »
Every person can recess his expenses for 10-20% without any special damage for his “comfort zone”. It does not mean you won’t be able to afford yourself something you need. It is more important to tune on saving money and just curb your bad habits. Profit Online Research has published the results of their investigation... Read More »
Crisis is a normal thing in the life of people. There is hardly one of us who can’t remember some situation that has thrown him from the measured and stable current of life into an uneasy and anxious situation. Anyway, critical circumstances require to revise the past positions and to develop a strategy in order... Read More »
The situation at the financial market is still unstable. During the crisis period millions of people have been recessed and some professions have become not required at all. We’ve tried to rate 10 of the most required and 10 of the least required professions. Non-required profession in the crisis period: Showmen. Most of big companies... Read More »
Sometimes companies want to draw foreign investments for their activity. How to reduce risks and feel safer? What do business consulters advise in such cases? The fists thing is to attract business consulters from the both sides. And it is important not only for foreign investments, but in every case of working with external investments,... Read More »
Economists do remember an old joke that says: A recession is when your neighbor loses his job. And a depression is when you lose your job. What is the difference between the two terms: recession and depression? The distinction between them is not understood very well because there is no clear definition of both the... Read More »
In the present economic instability the cases of recession are not a surprise for anyone. Very often these traumatic situations can cause a shock and having hard time, when negative experience does not let to solve everyday actual problem with proper sobriety. But psychologists studied this problem long ago and if we are aware of... Read More »
The gross domestic product (GDP) or gross domestic income (GDI) is one of the measures of national income and output for a given country’s economy. GDP is defined as the total market value of all final goods and services produced within the country in a given period of time (usually a calendar year). It is... Read More »