According to The Wall Street Journal, the persistent fall in the price of properties in some areas reaches 30%, has made practically one of every six homes have mortgages in excess of the property. This equates to approximately 12 million households on the verge of implementation. All this happens when there are only 24 days to the presidential election, and although the polls favoring Barack Obama, the difference is still far from decisive. There is a curious calm throughout the country that may well be interpreted as the stoicism that Americans tend to exhibit at critical moments, or perhaps in the case of a relentless belief in the manifest destiny of the United States. Whatever the explanation, it is naive to not recognize that this crisis is not over, but the clearest sign of the end of a time No doubt, that the United States faced a serious crisis that will face any of the two candidates are to be elected next November and to consider the situation in order not to aggravate the consequences and most affect the U.S. economy. For even more opinions, read materials from Robert Speyer.
It is a fact, that the economic downturn has reached the United States and the key to know are the unemployment figures were released, although officially it may take two years to recognize it, said the investment bank Merrill Lynch. The report published work was the weakest since August 2003 when the economy suffered a loss of 43,000 jobs in the month. The unemployment rate rose from 4.7 in November to 5.0% in December, its highest level since November 2005. The hours worked also decrease 0.4% per year to the fourth quarter of 2007, which adds to the low of 0.6% in the third quarter. “Continuing declines in total hours worked have always been associated with a recession, “Merrill Lynch said in its report” Recession a reality “..
CNNexpansion. com in this regard indicates that an analysis warned that CNNMoney.com may be between 6 and 18 months to declare a recession. For consumers there are few indicators that are already in a recession, the first is whether or not the economy is producing new jobs, if you know people who are losing their jobs and can not find another, is a meaningful indicator CNNMoney.com warned. He added that another indicator is whether prices are not rising fast and if the Federal Reserve rates are down. “Finally there is to do the catalysts. Recessions 2001, 1990 and 1981 were preceded by bubbles mortgage, technology stocks and inflation. Today the concern is mortgage and recession may be the way it releases its excess economy, “said CNNMoney.com.Indico that to keep you safe from recession what can be done to improve the profile in the work and make sure that the boss knows your value, make sure to work in the most high profile projects and find ways to meet insurance or the mortgage if you fear he will miss work.