Archive for recession
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Investing in Economic Recovery
The word is that the recession is over. And with bulls enthusiastically making a run at Dow 10,000, there are thoughts of economic recovery. While it is important to consider that volatility is still a part of the equation, and understanding that this economic recovery is supposed to be a rather gradual one, it is [...]
The Economic Recession has Badly Damaged Entrepreneurship in America
In a comprehensive look at the effects of the economic recession, Scott Shane writing for the American Enterprise Institute finds that the entrepreneurship culture in America has been badly damaged.
We are constantly reminded how bad the recession has been for the large and mid sized businesses. The effects on the small business has been worse. [...]
Deflation: What’s Bad for the Economy May Be Good For You
We’ve all been hearing about how terrible the recession has been, and that the specter of deflation is providing problems for a slowing economy. However, deflation may not be so bad if you are looking to make some purchases.
Deflation is a general decline in prices. It comes about when the supply of credit and money [...]
Recession Hits New Zealand Hard – Record Numbers on Anti-Depressants
As the global economic recession settles in for a long winter (down under), the word comes that the prescriptions for anti-depressants in New Zealand has almost doubled compared to the numbers in 2002. 1.2 million prescriptions were written in 2008 compared to 700,000 in 2002.
While recession appears to be a major contributor to this rise [...]
Small Business to Suffer as Advanta Shuts Down Credit Card Lending
photo credit: orphanjones
Advanta’s uncollectible debt reached 20% as of March 31 prompting the small business credit card issuer to shutdown new lending as of June 10th to preserve capital. Advanta is offering 65 to 75 cents on the dollar to its securitized debt holders.
The shutdown in credit by Advanta will affect as much as [...]
Fight For Your Right To Work
These days it’s not enough to do your jobs well. In fact you aren’t even working for that next raise or promotion. What you need to do is to Fight For Your Right to Work!
Obama releases new plan to ease small business credit
President Obama released a new plan to ease small business credit. Small business lending has declined as the banks continue to hoard money and it is hoped that this new plan will help the small business sector that generates 70% of all jobs in the country
World Bank sees Global Recession in 2009, Fastest Decline in Trade in 80 years
World bank sees global recession in 2009 with fastest pace of trade declines in 80 years. Stimulus costs in US & Europe will crowd out lending for poorer countries
John Bogle thinks the economic recession may last another 2 years
John Bogle, the founder of Vanguard Group, said in an interview to Bloomberg that given the stock market declines, he expects the economic recession to last another 2 years. He also thinks that we may be at the stock market lows finally.
We can Avoid Another Great Depression – Time for a Rational Government Response
I have always wondered what the life and the business climate must have been during the Great Depression. Yes, I have read accounts and seen pictures but these probably do not convey the full picture. Now living through and observing this economic recession I am starting to get a feel for how it must have [...]
