The Great Depression in the 1930’s saw the end of many fortunes and the birth of many newer ones. It was a pause in the economic affairs of the world and many compare the similarities of the Great Depression to the current situation. With the Roaring 20’s and the 2000’s, the economy was very viable. …
Recent stories have come out that stress the unemployment rate has reached 9.6% which is an increase despite the “Recovery Summer” initiative put forth. I’m not here to talk politics but to tell you that these numbers don’t mean anything to you. Statistics are only meaningful for a large group of people. They don’t apply …
Recession fears are very prevalent today. When I read the facts, I kind of have to chuckle to myself. The headlines read something like unemployment at it’s worst in the last 23 years. I remember 23 years ago. Back in the late ’70’s and early ’80’s, the unemployment rate had kind of settled in the …
In these scary, uncertain economic times filled with the specters of layoffs, unemployment and recession, remember that fear itself magnifies the bad things. Many people worry about the pressures on the family budget, how they will pay for college, and being the sandwich generation, how they will they care for their aging parents. Are these …
Recession is the word I keep seeing over and over in the news. Business is contracting and laying off thousands of workers. Gas prices are cutting into to everyone’s budget. The unemployment rate has hit 5.7% ( I remember times when 5.7% unemployment was considered a good level.) What is happening in the economy in …