Economic Dependence on Real Estate, Finance, Insurance, Retail, and Construction. 3 Major Sectors of our Economy set to Decline.
The employment situation has quickly deteriorated as the credit crisis deepens and more and more Americans are quickly holding on tighter to their wallets. This isn’t necessarily pervasive to our nation alone as we are seeing globally people from many nations are starting to feel the impacts of this economic contraction.
Bear Market Rallies: Beware the Siren Call of Volatile Economic Markets.
It is understandable after the record fall of the Dow Jones Industrial Average from a peak of slightly over 14,000 in August of 2007 to a low reached last month of slightly over 8,000 that many are eager to search for a bottom. It is a tempting path to follow especially when the market is […]
The October 2008 Job Report: Digging Deeper into the Data. True Unemployment Rate at 11.8%.
Trying to explain the unemployment rate is a challenge since there are many nuances to look out for. For example, today the unemployment rate came out at 6.5%, the highest since March of 1994. That would be troubling in itself. What was also released in the report is a horrible number of 240,000 jobs being […]
The Miseducation of the California Housing Market: 3 Reasons Why California Housing Still Has 3 Years Before Hitting a Bottom.
California housing has been an enigma for most in terms of pricing. How in the world did the median price for a California home reach $597,640 at the peak of the housing bubble? That is a question that historians, economist, and writers will need to answer once the ashes are left. But we are still […]