Friday, November 14, 2008

Who has the correct answer?

While the Federal Reserve and the Treasury Department think they have the answer. Congress thinks they have the answer and Wall Street has a bailout, now the Auto Industry is looking for help. With so many plans and paths the consumer is confused and has no confidence in our economic system right now. Let’s see what our President Barack obama is going to do for our country.
Citigroup says it will expand its foreclosure prevention efforts and try to keep 130,000 troubled borrowers with $20 billion in mortgages in their homes.
Banks are undoubtedly feeling pressured to be more aggressive in aiding home owners, given how many billions of taxpayer dollars have poured into the industry to stem the credit crisis.
The citigroup will determine where the need for mortgage modification is greatest, it is simply based on economic conditions, and send out letters to its borrowers in these areas to tell them that help is available should they need it.

Tuesday, November 4, 2008

We have been told not to tense or worry.

The uncertainty and panic in the markets were bad enough, but the big worry was what was going to happen next? What we all going to do in future? Many of us feel that economics is very big topic to wrap our minds around. The financial system is really “TOO BIG” as well as too complicated to understand . We have been told not to tense or worry. Americans are willing to put pencil to paper to figure out if it makes economic sense for a spouse to work or stay home with the kids, but few of us pay enough attention to the economy at the aggregate level and as Americans, we need to be more and do more.
There is so much going on in the financial markets right now. There are a million people giving a million different opinions on things. The pundits and government officials assure us that the economy is going to well soon. But is that really true? I don’t think so. You know I’ve been feeling nervous all this week. I’m normally not the nervous type of guy .It’s hard to be up all the time but you know the bad economy and it was clear to me that if I was nervous, I can make everyone nervous, and so it wasn’t worth the effort. I’m still not sure how all of this is going to turn out, but I’m going to try my best to relax and take it as it comes. Although there are so many issues that effected things in different ways.
People often try to check on which market could be the best, especially when you are trying to have that move into your new business, it is imminent that you have a closer look at any market.