Finally, the recession is producing tangible benefits for the average American. Credit card lenders are so worried about huge numbers of people defaulting on their credit card payments that they are willing to negotiate debt settlements that are very favorable to the consumer. Lenders are lowering interest charges, extending...
read moreToday, some tentative good news. According to Blue Chip Economic Indicators, if the government does indeed pass the massive bailout package, the economy could start recovering as early as July 2009. Over fifty economists from respected banks, brokerage firms, and insurance companies contributed to this forecast. Of course,...
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While credit default swaps pose the most significant new risk to our economic health, the bursting of the housing bubble is the primary cause of the current recession. Now that may appear to be a simple proposition. However, the underlying causes of the housing bubble, and the consequences of its collapse, are both wide and...
read more2009 is definitely going to be a better year than 2008. It’s hard to see how it can get much worse. I have been studying these numbers all morning and I am amazed at how dismal they are. 2008 was a good year in that it taught us the importance of prioritizing our interests, fiscal responsibility, and that those who...
read moreHere’s to 2009 being a much better year than 2008. The STR Team wants to sincerely wish you and yours a very Happy New Year.
read moreWe are a resilient nation. That resiliency was tested in 2008 and will be further tested for most of 2009. I learned much about myself this year. I have been tested and endured other cataclysmic events before. However, survival was a given. Most people that I know have a gift for self-preservation. But only a few people...
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