Posts Tagged “Recession News”

News Sources wrote an interesting post today on
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During the first ten days of October 2008, the Dow Jones dropped 2,399.47 points, losing trillions of investor equity. The Federal Government pushed TARP, a $700 billion bail-out, through Congress to rescue the beleaguered financial institutions. The collapse of the financial system was likened to an earthquake. In reality, what happened was more like a shift of tectonic plates. ******************************************* In September 2009 the Fed proclaimed “The Recession is Over.” Pres

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News Sources wrote an interesting post today on
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Nothing is easier than identifying problems during recessions. In fact, one might argue that what is truly difficult is avoiding mention of these problems, which are shouted from the rooftops daily by politicians and journalists. (Many of whom harp on problems even during prosperous times.) Still harder is calling attention to the overlooked benefits that economic downturns can bring. In this recession as in others past, opportunities have opened up for consumers, investors and businesses positi

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News Sources wrote an interesting post today on
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How Students Should Feel About the Recession by Sinclair AwrrieThere are many groups of people that are affected by the recession. Naturally, most people would be worried if there are any spill-over affects and how it might make their lives harder. This is no different for students who worry that something might happen to their loans be it government or private student loans. The simple answers for students is that your student loans will most probably be just fine. There really isn’t a

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News Sources wrote an interesting post today on
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A recent poll shows that most economists now believe that the recession, which began in December 2007, will end in the third quarter of 2009. There’s been an uptick in manufacturing and consumer confidence, and the decline in housing prices appears to be flattening out. Unfortunately, the return to positive GDP will likely be short-lived. The current surge in production is mainly the result of President Obama’s fiscal stimulus and the rebuilding of inventories that were slashed after Lehman Bros

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News Sources wrote an interesting post today on
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Joseph Shalaby Homeowners with distressed mortgages can benefit from restructuring their loans since it can bring a lower monthly payment providing relief from monthly bills that are beginning to outpace monthly income. In fact, a loan modification could save these individuals from having a foreclosure declared on their home. Not only would this strategy save their home, but it would also keep their credit score intact. This is important if they want to be able to borrow money in the future.

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