Is This Really A Recovery?Written by John Finger
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The U.S. continues to lose jobs in manufacturing, retail trade, and financial and information services. In fact, U.S. factories laid off 26,000 workers in December, 41st consecutive month of decline. The workweek also shortened from 33.9 hours to 33.7 hours, and average weekly earnings also declined. Much of December’s decline in unemployment was attributed to discouraged workers, i.e., those who gave up looking for work because they couldn’t find any. Much of present boom is brought to you by U.S. government: more than $1 trillion in income tax cuts and sharply increased federal spending has made its way into economy. History shows that tax cuts do benefit an economy in short-run. But this comes at an unsustainable price to America’s future, as our huge national debt will reach a point where it either can’t be paid (i.e., a default by U.S. government on its obligations) or currency will be hyper-inflated to such a point where repayment is meaningless. Total debt is now $34 trillion, or $119,442 for every man, woman and child in America. Could it be that current economic expansion has been funded with a credit card? Interest rates hover at lows not seen since 1958, allowing Americans to take out billions in home equity loans to buy everything from cars to big-screen televisions. Low interest rates have contributed to huge boom in housing starts. But both foreclosures and bankruptcies are at record levels. What will happen when rates rise? The point of this article is not to say that sky is falling. My businesses, like those of most people, thrive best during good times. But those who view future through rose-colored glasses will eventually see those glasses turn into a deeper shade of red. There will come a point when music stops – when there won’t be enough chairs to go around. For those of you who read my article entitled, “The Greatest Depression is Coming,” you should know that it still is coming. However, as movie Gladiator ended, “ But not yet.” ___________________________________________________________________________ You can pass this newsletter around to others as long as you keep website links. http://www.moneymanagementfirm.com
John Finger runs an information-based website, www.moneymanagementfirm.com, where subscribers get information on stocks, three levels of option trading and long-term investments which Mr. Finger considers worth examining.
| | The Student Who Knew Too MuchWritten by Sue and Chuck DeFiore
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“The student who knew too much” are usually ones that have tried other things over years. Problems rarely occur with individuals who have worked in Corporate America, or other types of jobs during their life. They take what you say to heart and are usually ones who succeed, and in record time I might add. So before taking on a student find out what other things they have done, tell them up front program will work if they follow what you tell them to do, THERE ARE NO SHORTCUTS. Be firm, be upfront, be blunt, and then all we can do is hope for best.Just know that you are not alone, all coaches and mentors go through this! Copyright 2003 DeFiore Enterprises
Interested in having your own successful, home based creative real estate investing business? Chuck and Sue have been helping folks start successful home based businesses for over 19 years, and we can help you too! To see how, visit http://www.homebusinesssolutions.com
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