economic indicators

Lending Still Tight For Small Businesses Despite TARP Paybacks

December 18, 2009

Banks and lending institutions are still making it difficult for small businesses to get loans on needed money for expansion and other necessary business expenses. This is despite continued efforts by the Obama administration to revive the small business credit market. Read Another $1 billion in small business credit vanishes. Tweet

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Luxury Homes And The Recession

December 15, 2009

If you think your home has lost value……………. how about losing a value of $60 million? Check out these luxury homes and the effect of the economic recession on their value. Tweet

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The True Meaning Of The Holidays Sans Credit Cards

December 11, 2009

In this holiday season of 2009, more and more people are putting away or even cutting up the credit cards and using cash to purchase holiday presents. Right now many credit cards issuers are raising rates and lowering credit lines. The average credit card interest rate for Americans right now is 13.71% up from 11.88% [...]

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Scrooge And The Holidays

December 10, 2009

In a thought-provoking and well-timed book about the Holiday season and the traditions of giving gifts, economist Joel Waldfogel makes an impassioned argument against the giving of gifts for the holiday season in his appropriately titled book “Scroogenomics: Why you shouldn’t buy gifts for the holidays”. A main argument is that most gifts are not [...]

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New Spending For Jobs And Economy

December 8, 2009

In a move that is sure to bring about sharp criticism from the Republicans and Conservative Right, President Obama has outlined a new multibillion stimulus and jobs proposal in an attempt to revive the economy and put Americans back to work. The package includes new spending for outdated highway, bridge and other infrastructure projects, more [...]

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Credit Cards And Black Friday

November 27, 2009

Credit card companies look at the results from the Black Friday shopping spree as an indication of profits throughout the holiday season. But in the current economy they are also looking at Black Friday as an indication of potential defaults in the new year. What will the final results from Black Friday reveal? Tweet

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Will Home Prices Dip Further?

November 24, 2009

Many housing experts are predicting a dip in home prices and sales following the tax credit rush. Even though the tax credit has now been extended there were still many people who bought in time to close before the previous November 30 deadline. For an interesting take on the potential side effects of the tax [...]

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Cashin’ In On The Homebuyers Tax Credit

November 24, 2009

You may have heard the news that the homebuyers tax credit that was meant to help stimulate the economy has been extended and now it will not only include just the new home buyers but also current homeowners looking to trade up. For a complete list of everything you need to know to take advantage [...]

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Joblessness To Bottom Out

November 23, 2009

In some positive economic news, forecasters are predicting that in the first quarter of 2010 that joblessness will bottom out and while there will still be high unemployment rather than getting worse, it will start getting better. Many economists have said that the actual recession is over but of course, in order to fully recover [...]

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