Blog entries tagged with "economic downturn"
CREDIT CARD RATES
The economic downturn that started with mortgages has slowly shifted its way to the credit-card industry in a way that affects all consumers. And this is not in a positive way. Card balances have been at record highs, with consumers still struggling to pay off balances from last year's ...
Continue reading "Credit Card Rates"BAD ECONOMY: IT DOES A BODY GOOD
Experts compare our current economic downturn to the 1929 stock market crash and the subsequent Great Depression. To name a few, the fall of the conglomerate lending institutions, a rise in unemployment rate, and countless bankruptcy filings and defaults on mortgages followed by loss of homes are some of the ...
Continue reading "Bad Economy: It Does a Body Good"DOW JONES INDEX WARRANTS EXAMINATION
Between the morning of October 19, 1987 and the closing bell of October 20, 1987, the Dow Jones Industrial Average fell 25%. Shunning the drastic remedy of closing the markets (akin to FDR’s “bank holiday” of March 1933), the regulatory response ultimately took the form of ‘circuit breakers,’ crudely ...
Continue reading "Dow Jones Index Warrants Examination"THE AMERICAN DREAMERS
When did living the American Dream mean that everyone must own a house or a luxury BMW? I thought living the American Dream meant that an honest day’s work should render an honest day’s pay. I don’t want to sound cliché but there is some truth to ...
Continue reading "The American Dreamers"