Everyone knows we are in a recession. But not everyone, knows what a recession is. So what is a recession? According to the real definition of a recession, it is simply two quarter of negative gross domestic product. In other words its 6 months of negative growth for the economy. The reality however remains that the real definition of a…
Business
What To Invest In?
Just got off the phone with an old high school friend who asked me a very simple question that I should have written about long ago. What to invest in? Forex? Stocks? Mutual Funds? Real Estate? Start a business? In this market, it seems that we are constantly caught by surprise. Markets go up and then crash and then go…
Why You Should Never Buy a New Car
Many people have major fears of buying a used car, they will walk in a dealership and simply go for a new car. Well, lets look at why some of us get to drive BMW, Mercedes and Audi for the price of your Toyota Camry. Here are some facts you should know before we discuss why: – American cars hold…
Why We Shouldn’t Bailout Detroit
Why are we bailing out Detroit? Why is the government getting involved with private sector bailouts? It seems that the economy of this country is turning into a big mockery. We are bailing out corporations, from banks to car manufacturers, have no oversight of the money, and deal with CEO’s that refuse to give up their pay/bonuses to save their…
What is Credit?
Credit is also known as “debt” in this country. Unless you have been living under a rock, then you have noticed that this country is run on credit. Almost all the small and large purchases you make in your lifetime will come into contact with a credit application, and yet has anyone told you what credit is, how it works,…
The Burst of The Housing Bubble and Why
Everyday we hear something new on the news about what is happening to the housing market across the entire United States. We see our neighborhoods flooded with “For Sale” signs and vacancies due to foreclosures and yet do we really understand why this is happening and when it will end? I am convinced that many of you have heard of…