Black monday worries averted — Or are they?
It appears that concerns over the housing market and consumer credit woes will not hold back the tide of consumerism we call the holiday season!
Welcome to America! It will take a hell of a lot more than some bad economy concerns to keep us from sucking the life out of our check books for Christmas.
If anything the bad economy seems to have drawn folks from the UK over here to shop with the dollar which is considerably weaker than either the pound or the Euro.
Looks like the retailers will make it at least one more year before the recession hits them.
what do you think. Should Americans be saving their dollars with the darkening economy ahead? Or should we spend more with hopes that it will recharge the dollar?
How was Black friday?
So Black Friday is pretty much over one way or another. People were probably murdered or at least beaten over mp3 players and whatever this years cabbage patch doll is.
How was it? Keep watching I will consolidate news and reports here as the news rolls in. Did you get a deal? are you a merchant? did you make money - get in the black as they say.
Sadly True - and Hilariously Accurate
I see things from time to time that amuse me, and when they are relevant to your money, I think you might like them. This is for you -
If this is you, it might not be a bad idea to visit these guys - here is the link lending tree.
Invest in Gold Soon or lose it all?
OK, so if you have been watching, you know I have been struggling with the decision to invest in Gold. I have decided its definitely the right thing do right now.
Let’s be honest. The dollar is weak and getting worse, demand for gold is growing faster than supply, and historically, Gold has always grown in price relative to oil. This means that very soon the price of Gold should triple just like the price of oil has.
I am suggesting that Gold is the right investment to make for right now. I am trading gold at this marketplace. Anyone can simply log in and create a free trading account and then purchase gold just like trading stock. I have never had gold in my portfolio, but I think now is the time.
It might be worth checking out.
Help build this site by asking your questions!
I am not a licensed financial adviser, but I know more than most. I will give you great ideas and tips on everything I have learned from watching people give up their homes to seeing people pay off debt and make a nice little living for themselves.
I want to invite you, my readers, to ask anything you like in the comments section. I will turn them into topics and answer each question the best I can and refer you to other places when i feel it is in your best interest.
SO what is it? Investment choices? Debt Problems? Its your turn to talk now.
Is the middle class dying away?
In the previous post I referred to an article. Talking about consumers purchasing small ticket luxury items, the reporter wrote this:
“The middle market guy is gone,” said Steve Greenberg, president of IMG Jewelry, a jewelry store near Cleveland. “The guy who had $500 to $1,000 to spend is gone. He’s paying for gas and food.”
Ok, now That’s frightening. No wonder our economy seems to be a flailing dead duck, (like our leader). For years the American economy has depended upon the middle class consumer. Well my friends those days may be over. If the middle class American consumer has been reduced to concerning himself with gas and food, then we are in the deep weeds. No Middle class means no one to prop up the poor or service the rich.
What will the rich ever do??
Is Gold really the Future?
I have always heard the old bears talk about the future of the economy. At a bank I worked in we had a handful of folks who actually kept gold bars in their safe boxes.
I ran across this story that makes you wonder.
Jewelry retailers face gold price surge
With the dow dropping over a hundred points a day lately I am thinking that old gold rope necklace i had in the late eighties is looking like the most valuable commodity I have right now.
Weigh in, what do you think? Gold or Not?
Is the Market heading for a slow Crash?
The latest in a string of bank slow downs makes investors worry. Is there a reason for their fear?
India’s prostitutes invest savings
Wow what a story. I found this online. Thought you would enjoy it. Its about Prostitutes in India forming their own bank so they can save their money and work their way out of their lifestyle.
Looks like they might have a leg up on the American Middle class.
Nation & World | India’s prostitutes invest savings, hope in new bank | Seattle Times Newspaper
Credit Repair — fix your credit or waste money?
There are many reputable companies out there working to help Americans fix their credit problems. Among these you will find what we will call wolves in sheeps clothing. These are the old guys in their underwear sitting in their momma’s basement ripping you off.
I have worked with a bunch of both so I know mostly who to steer you toward. If you have credit problems there is free help and there is legal counsel. For some excellent free help I typically recommend care one as a first option. These guys are good to work with and usually very educated about their job. They will take your hand and walk you through getting out of debt. They help you haggle with the Credit Card Companies and they even help you work out a budget.
Another good option is legal help. Sometimes you need more than counseling. You need counsel. The folks over at ovation have put together an excellent program. they have tons of resources to help you pay down debt and they will go to bat for you when the rubber hits the road.
The bottom line is that you need to pay careful attention to who you work with. Check them out. If you find someone you think might work for you, come back over here. Post a comment and ask. Chances are really good I have heard of them, and I would love to help you find the right people to help you with your credit problems.