Posted by myarticlenetwork on December 5, 2009
Recession Indirectly Affects Other Large Industries
As this nation remains in one of the most difficult recessions in the past {50 years, there are many companies that are tremendously affected, but go unnoticed~Some industries and local businesses are suffering indirectly because of this nation’s economic recession~The biggest recession that U.S. residents and companies have seen in the past six decades continues to indirectly affect many industries}. The main focus has been on the housing market, financial loans, stock market, and the banking industry. All of these markets are inter-related in some way, but many major industries that affect millions of home owners are not far off.
On of the most affected cities of the country is Phoenix, Arizona, which experts will agree has endured huge losses in home values. Property values are down by twenty to fifty percent, while in most cases, home values are 1/2 of what they were just two years prior. Home foreclosures are on the increase, repossessions are common place, and people are just walking away from their homes because of negative home equity.
Just when Americans think they have not been affected by this national recession, some find out they are incorrect. Many owners who are considering improvement to their property in some way often reach out for financial assistance of some sort. Home improvement loans of this type can generally be obtained through relationships with your local credit union, banker, or credit agency. Over the past two years, these financing programs have not been available for prospecting buyers of home improvements such as home remodeling, swimming pools and landscaping.
The pool and landscape industry in Phoenix has been one of the largest industries affected, since financing a swimming pool or landscape project was the best choice for over sixty-five% of pool buyers. Financial Assistance enables buyers to invest the money they want into each project, and without a loan, buyers simply invest much less or don’t build at all. Many Phoenix pool companies have closed their companies, while others have down-sized, tightened their spending, and diversified into other venues of construction. Many pool and spa companies have diversified into other venues such as pool remodeling, general construction, and even landscaping. Some general contractors and home remodelers have switched entire industries, giving a go at completely different fields of work. Some Phoenix Landscaping Contractors are expanding into building of hardscapes, such as Phoenix outdoor kitchens, bbq’s, fireplaces, and paver patios.
Some intelligent contractors have figured out the diversity game many years prior to this industry decline, such as Unique Landscapes and Custom Pools, a pool and landscape Phoenix company. Unique is able to offer its customers many different options and services in the home improvement industry because of it’s diversity as a Phoenix pool builder, general contractor, and landscaping contractor. “We’ve been able to make things happen despite these tough times, luckily we diversified a few years prior, and have many different aspects of swimming pools and landscaping services to offer our customers. The problems have come about with the inability for these serious customers to gain these home-improvement loans or financial assistance.”
“It’s tough to think about all the money that was given to banking industry just a year ago for these construction loans, and now it’s challenging for our homeowners, who want to buy our products, to get this aid” remarks business owner Chris Griffin, of Unique Landscapes and Custom Pools in Mesa, AZ. Maybe it’s time for the government to look a little further into some of the struggles of the smaller companies that are greatly affected by this struggling economy. “Business has been really slow, and over half of our sales leads don’t end up buying at all” says Griffin “It’s frustrating, but Pool loans Phoenix are getting better”.
Posted by myarticlenetwork on October 2, 2009
Many people who are interested in starting a home business assume that because the country is in a major recession right now, this is not the time; however, I ask you to consider the facts:
1. As for most of the big life decisions, e.g., starting a business, getting married, having your first child – there is never a “perfect” time.
2. If you want to get rich, you need to own your own business, as 93% of the already wealthy do.
3. In 2006, Fortune magazine called direct selling, including network marketing, “the best kept secret in the business world” with a 91% growth over the previous 10 years. It has a market of $30 billion in the United States and $100 billion worldwide. That number is expected to grow to $326 billion by 2012.
4. Financial experts call it a “recession proof” industry.
5. Warren Buffet called his purchase of a network marketing company the best investment he’d ever made.
6. Tom Peters, author of In Search of Excellence, called it the first truly revolutionary marketing shift in the past 50 years.
7. Home-based businesses don’t feel as much impact from the high costs of gas, parking and children’s daycare.
8. There are significant tax advantages to owning a home business.
9. Online businesses are generally easy to start. All you need are basic language skills and the ability to point, click and follow directions.
10. The internet puts you in control; no more hoping your boss will give you a raise or promotion, no more hoping you won’t be included in the next round of job cuts – plus, the upside is incredible! You really can make a lot of money.
Hundreds of thousands of new businesses will launch in the next 12 months, regardless of the recessionary economy. Is this the right time for you to join them? Isn’t it really time to leave the 9-5 routine behind you along with all the related job stress?
Carpe Diem! Seize the day! This is the time to start an online business .
Posted by myarticlenetwork on July 26, 2009
Many people who are interested in starting a home-based business assume that because the country is in a major recession right now, this is not the time; however, I ask you to consider the facts.
1. For most of the important decisions in life (e.g., starting a business, getting married, having your first child) – there is never a perfect time.
2. To become wealthy, you really need to own your own business (93% of the already wealthy do).
3. In 2006, Fortune magazine called direct selling, including network marketing, “the best kept secret in the business world” with a 91% growth over the previous 10 years and a market of $30 billion in the United States and $100 billion worldwide. By 2012, that figure is expected to reach $326 billion.
4. Financial experts call it a “recession proof” industry.
5. Warren Buffet called his purchase of a network marketing company the best investment he’d ever made.
6. Tom Peters, author of In Search of Excellence, called it the first truly revolutionary marketing shift in the past 50 years.
7. Internet marketing businesses aren’t as impacted by the usual commuter costs (gas and parking) and childcare expenses.
8. Owning a home business provides significant tax advantages.
9. Online businesses are generally easy to start. All you need are basic language skills and the ability to point, click and follow directions.
10. If you’ve always wanted to be your own boss, let the internet put you in the driver’s seat with your own online business! If you’re willing to work, you can make a lot of money.
Hundreds of thousands of new businesses will launch in the next 12 months, regardless of the recessionary economy. Isn’t it time that you joined them? Isn’t it really time to leave the 9-5 routine behind you along with all the related job stress?
Carpe Diem! Don’t let opportunity pass you by; seize the day! Now is the right time to start your own business .
Posted by admin on February 5, 2009
A Walking Economy
This guy is walking with his friend. He says to this friend, “I’m a walking economy.”
The friend replies “How so?”
“My hair line is in recession, my stomach is a victim of inflation, and both of these together are putting me into a deep depression!” |
The economy goes through different cycles. One of them is recession. It is observed when the prices start to increase and the living standard starts to fall. Another indicator of recession is a decreasing gross national product of a nation, which is observed over two quarters.
http://hikrish.blogspot.com/2008/02/what-is-recession.html
A recession may involve simultaneous declines in coincident measures of overall economic activity such as employment, investment, and corporate profits. Recessions may be associated with falling prices (deflation), or, alternatively, sharply rising prices (inflation) in a process known as stagflation. A severe or long recession is referred to as an economic depression. A devastating breakdown of an economy (essentially, a severe depression, or a hyperinflation, depending on the circumstances) is called economic collapse.
http://soilride.wordpress.com/2008/12/10/what-is-recession/
We fear recession since it could result in more than normal job cuts, financial tension and the burden of managing the needs of the family increases. With less or no employment growth the scenario looks bleak.
http://digg.com/political_opinion/What_Is_Recession_Recession_Facts_Recession_News?t=20972297
2008 will likely be known as the global economy’s worst year in decades. What began as a modest U.S. economic downturn accelerated into a full-blown credit and financial crisis that spread around the world. Aggressive intervention by governments and central banks failed to reassure reeling financial markets, ease tight credit, or stave off what is expected to be a protracted global recession.
http://www.thestudentroom.co.uk/showthread.php?t=662100
Most experts agree that it is only an “official economic recession” when GDP growth is negative for two consecutive quarters or more. However, for all practical purposes a recession starts when there are several quarters of slowing but still positive growth. Often the first quarter of negative growth in a recession cycle is followed by positive growth for several quarters, and then another quarter of negative growth.This definition is unpopular with many economists as it does not take into consideration changes in other variables such as unemployment rates or consumer confidence and spending.The official agency in charge of declaring that the economy is in a state of recession is the National Bureau of Economic Research. NBER’s definition of recession is a bit more vague, they define recession as a “significant decline in economic activity lasting more than a few months”. For this reason, the official designation of recession may not come until after we have been in one for a substantial amount of time.In some ways it is quite natural for countries to experience mild recessions. This is a built-in or endogenous factor of a society as spending and consumption are going to increase and decrease along with prices.Rarely, experiencing many of these factors simultaneously can evoke deep economic recession or depression.
http://www.abovetopsecret.com/forum/thread328527/pg1
In economics, the term recession is generally used to describe a situation in which a country’s GDP, or gross domestic product, sustains a negative growth factor for at least 2 consecutive quarters. I say generally because recession can be defined differently by different economists. Just as there is an agency to define the measure of inflation; the official agency in charge of declaring that the economy is in a state of recession is the National Bureau of Economic Research (NBER). NBER’s definition of recession is a bit more vague than the standard one that was described above; they define recession as a “significant decline in economic activity lasting more than a few months”. For this reason, the official designation of recession may not come until after we are in a recession for six months or even longer.
http://brainless.instablogs.com/entry/what-is-recession/
We all use the word ‘recession’ and we heard of it a lot these days as credit crunch and financial woes sets in. Stock markets are always in red rather than in the green. Ever-declining charts for shares are setting the investors around the world into a state of panic. Many people have been using this word, but only some actually knows what it actually means.
http://www.investorglossary.com/recession.htm
As a rule of thumb, a recession is the fall of a nation’s gross domestic product (GDP) over two or more consecutive quarters. A recession is also referred to as a period of economic decline and reduced economic activity. Factors that may cause a recession include overproduction, decreased demand, falling consumer and business confidence and major economic imbalances, among others. During a recession, the level of unemployment rises, investments decline, and prosperity lags. Real personal income and spending growth also have a tendency to slow if not decline during a recession. A recession can involve rapidly falling (deflation) or sharply rising prices (inflation). The average recession from 1945 to 2005 lasted about ten months but two went on for a record 16 months. The National Bureau of Economic Research is the official arbiter of what is and what is not a recession. A recession in one country can cause a recession to occur in others, specifically trading nations. A recession can be widespread and affect the entire economy or a recession can be industry-specific.
http://www.answerbag.com/q_view/563321
Posted by admin on January 30, 2009
Financial advice is in some respects like medical advice: we need both on an ongoing basis, and failure to obtain either can impose costs on society when our health—physical or financial—suffers. There’s a strong case to be made that the government should subsidize comprehensive financial advice for low- and middle-income Americans to help prevent bubbly thinking and financial overextension.[1]
Financial advice is usually so abstract that we can’t possibly know the good until we suffer through the bad. Had you not made that 35K debt ‘mistake’, you absolutely wouldn’t be where you are now.[2]
Financial advice is simply essential.One of the first lessons I learned about fina . [3]
Financial advice is typically broader advice than simply mortgage advice. A financial advisor is trained in many different types of investments beyond property and investments.[4]
Basically, he bashes traditional financial advice, which tells us to ride out the waves of the stock market and continue investing in tax-deferred retirement accounts and mutual funds with strong track records. He starts talking about how investing in real estate made him wealthy, and he depends on his businesses and investments to live.[5]
Basic understanding of mortgage notes, banking rules, understanding the fundamental workings of basic finacial products, CDs, equities, fixed income, ETFs, credit cards etc. All of this is absent from most of the population’s knowledge set; it’s one of the reasons we find ourselves in the current economic condition.[6]
Professionally, the advice is given only after the financial situation of the client is unveiled through a thorough fact-finding and analysis exercise. Many financial advisers also double-up as financial planners because their function is crossed in many areas.[7]
Professional financial planning takes a holistic approach to an individual’s financial life. A qualified financial planner will consider a client’s goals, stage in life, personal circumstances and risk tolerance.[8]
General information about how to plan and manage your finances is available free from many government and community services. It may also be available from your bank, credit union or building society.[9]
General advice can provide a general overview on financial information such as superannuation, insurance, managed funds and shares. Personal advice requires an in depth analysis of your financial situation and will depend on your individual needs, typically it involves time to propose a customized plan and has associated costs.[10]
Financial planning is simply essential for anyone who wants to achieve great financial goals in their life. But don’t get me wrong, it’s not just about getting your goals right — it’s about making the right choices.[11]
Financial planning can be more expensive than seeking advice on just one or two products, although once the plan is in operation you can set up annual reviews which may be conducted for a smaller fee. [12]
Financial exclusion is the inability, difficulty or reluctance to access appropriate, so-called mainstream, financial services. The reduction of financial exclusion is a priority for the present government because it can lead to social exclusion.[13]
References
Recession Survival Guide by Richard Boettner
