One of the things that can exacerbate the current economic condition is panic, and the thought that this is the only time such an economic problem has befallen the United States. However, economic down cycles are natural — the unreasonable thing is expecting unlimited and constant growth.
Over at Stock Trading to Go, Blain Reinkensmeyer shares […]
After a brief spurt of spending in May (thanks, no doubt, to economic stimulus checks), it appears that consumers are starting to cut back again With gas prices what they are, many are spending less at the store and going back to the old “recession diet.” Indeed, it appears that purchases that would have been […]
I came across this, and thought it particularly relevant these days, since we might be facing a recession.
Former President Ronald Reagan:
“Recession is when a neighbour loses his job. Depression is when you lose yours.”
Tags: depression, financial-planning, personal-finances, Reaganomics, recession, Ronald ReaganShare This
Not too long ago, I wrote about the “recession diet.” While we may not technically or officially be in a recession, many people are nevertheless feeling the pinch. And with food prices rising, it is no surprise that Spam is seeing an increase in sales (hat tip: Miki at Leadership Turn).
Yep, items that are considered […]
Jobs data was reported this morning, and the verdict is in: Increasing unemployment is the trend. The Wall Street Journal reports on unemployment:
The U.S. unemployment rate posted its sharpest one-month increase in 22 years last month, suggesting U.S. consumers already facing a housing slump and soaring gasoline prices now confront growing pressure from a weakening […]
With worries about a recession coming in the midst of higher oil prices, it has come to my attention that my 5 tips for saving money on gas is missing something: Prayer. That’s right. We should be praying for lower gas prices. The Baltimore Sun has this story about one man’s quest to get God […]
One of the trends in personal finances that is coming to light right now is the “recession diet.” This is a term that describes consumer behavior in times of economic turmoil. Whether or not we are in a recession is beside the point. Consumers are worried about their personal finances, and that affects their decisions. […]
After months of dissembling, Alan Greenspan has whipped out the “R” word. That’s right. Now he thinks we’re in a recession. But he has qualified it. It’s a “pale recession.” Whatever that means. A shallow recession? A not-that-bad recession? A the-economy-is-doing-better-than-we-thought recession?
Greenspan insists, as well, that stagnation is what he expects for the remainder of […]
I’ve been thinking a lot about “economic stimulus” and the tax rebate. The tax rebate, especially, was brought to my attention on Friday when the announcement was made that direct deposit tax rebate payments will start today — ahead of schedule. Tax rebate time will continue through July, depending on when you filed your tax […]
According to the Inman News blog, the National Association of Home Builders president thinks we’re in a recession. Good stuff.
Of course, you generally don’t know whether you are in a recession until it is over (since you need two quarters at least to figure it out). But in today’s world of “on demand” news and […]
Taking finances personally
Written by Miranda Marquit [email] for b5media.
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