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How To Earn Coin In Today’s Economy
By plrprousers | November 2, 2008
The markets today is a crazy one, that’s all I know. When the markets go in an uptrend for that many years it doesn’t take a degree in finance to predict that there may be some financial difficulties on the herizon. To be honest things wouldn’t have been so great for this past decade or two had it not been for the over anxiousnes by the banks to give away money to people with no business having it. Things could be worse really. Everyone knows the markets are built on theroy (as in there are a lot of numbers not necassaryily backed by a lot of real stuff) and the stuff that took the worst beating in recent times was the shakiest of all.
Also, really you know the people majorly affected by the credit crunch were the people who had no business getting credit and the people who lied on their applications. What is too bad is that fact that people who followed all the rules and did everything right will pay more for their mortgages in the end. People who did what they should have (like gotten reasonable mortgages) are the ones who the US goverment should concern themselves with. I suppose those people are being saved in a way, because of the liquidity being introduced into the markets that wll keep mortgage rates lower then they would be if the full brunt was felt. It is probally around their natural levels.
So the real question is where are the markets going? There is no real way to know for sure. From the business books I have read, and the info I’m getting from my stock trading software they are goign to be going down for a while. I heard a guy talking on the radio the other day, and read in some statistics in an online article that the economy was going to be near or in recession for the next 2 years and then should recover until 2010. I know that seems a long time away right now. I guess for the next little while we need to keep money in safe places like bonds. Avoid volitility at all costs in my opinion.
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