America in the Worldwide Economy

Americans are faced with having to cut expenses at home as well as in their businesses. If people are living above their means, they need to discover ways of living on less money. The world’s millionaires live below their means and this is how they are able to accumulate so much money. If you are living below your means, you have more money to save. When parents learn to master the art of living on a lower budget, then they can teach it to their children. When children learn this concept at an early age, then they will remember it at the time when they ... Read Full Story

The US economy is definitely in an "economic downturn" the latest bailout (corporate welfare) of Bear Stearns has to be the biggest cover-up of a defunct financial market in US history. Bear Stearns's capital base of $17 billion had dwindled to $2 billion in cash, and Bear Stearns told government officials that it saw little option other than to file for bankruptcy the next day. Had the government let this Investment Bank go bankrupt the entire banking industry would have stopped dead in it's tracks; no loans, hoarding of cash and the depositors (you and I) would be in a panic. Run on the ... Read Full Story

The text book definition of recession is two consecutive quarters of shrinking GDP output. The reality is "when your neighbor loses his job." The fear is that you are next. I remember the recession of the Bush-Quayle years, The war in Iraq (calle... Read and post comments | Send to a friend Read Full Story

Home » Business & Finance » Personal Budgeting/Finance » Personal Debt Management » Managing Debt and Accumulating Assets © Gail Cavanaugh Oct 11, 2008 Recent developments in the national economy have caused Americans to consider carefully how they will manage their money during the next few years. The Symptoms The nation is suffering from the consequences of mismanaged debt on the corporate level and at home. The over indebtedness of the nation's banks due to the sub prime mortgage market has caused low returns on investments and stockholder's equity. There is uncertainty as to whether law makers can reverse these unfortunate circumstances to avoid ... Read Full Story

The Peoples Republic of China , a billion people strong and growing has been a closed society to much of the world. Except for 5000 miles of trade routes called the " Silk Road" in the beast and buggy era, individual cultural exchange has bee... Read and post comments | Send to a friend Read Full Story