Global Economic Crisis » Recession

The Recession Proof Employers

Stephen Cline — Thu, 12 May 2011 10:16:20 +0000

These days there are plenty of college students in a mass panic as they enroll for their freshman year. While many had hoped the United States would be well out of the recession by now, there is a clear picture that the country may not get out for some time down the road. In this situation there is an increased pressure on students to think about their career in terms of what will be recession proof upon graduation. While no student can see thirty years down the road, they have to see into the few years after they graduate.

One of the fields that continues to hold up well in times of crisis is the medical field. Finding not just job in the field, but a specialty continues to provide sound and steady employment. There are number of jobs on the nursing side that can help. These fields require a degree but the upside to them is that they are allowed to pick from a variety of areas.

Beyond the medical field there are a number of jobs in the online sector that continue to grow. As computers continue to be a bigger and bigger part of our lives there are number of jobs that cater to the needs of the people without being affected by the recession. One of those is that of networking systems. These days computers all operate on the same cloud in businesses, so hooking them all together and outfitting them with the right software and specifications is big money. It may not be for everyone but it could be the right fit for some.

American Worker and Their Future

Stephen Cline — Sat, 07 May 2011 10:13:51 +0000

Sure the economy is moving towards being healthy again, but that doesn’t mean that the economy is going to have the people to outfit it’s growing job market. The truth is that there is a very difficult time right now with the up and coming American workers. Yes, this means the eighth graders.

It’s sounds like a stretch but as it will take the economy five to ten years to get out of the doldrums that it has found itself in, by the time it is ready to get up and out the confines of horrible finances it will need skilled and competent workers in order to make the economy thrive and survive. For all the emphasis the American people have put on the world of higher education, there are a number of those people in basic education who have math and reading skills that are well below board.

What this means is that these schools, which are teaching to state testing most of the time, are going to have to turn their focus and attention and teaching the basic fundamentals that will keep children on the up and up with where the demand will be when they are ready to enter into the work force. Things are not hopeless for the American worker in the future, but for things to work out there is going to have to be a compromise.

That’s just the way that it has to be. Americans are going to have to get up to par or they will suffer the consequences.

Companies Getting it Right

Stephen Cline — Mon, 02 May 2011 10:09:57 +0000

While there has been much dark to the recession in regards to the United States economy, there has been some positives too. One of these is with the operations of business. While the constant tightening of the belt is seen as a negative, it’s anything but. These days the companies that were having problems before are learning from their mistakes. While it might seem ugly now, it’s going to benefit the people in the long run.

Many times when a company falls on hard times they cut costs and wait for it to be over. Once the recession is over they begin to go on a spending spree as the money starts rolling in. However, these companies are not starting to spend more even though the economy is slowly turning itself around. It’s one of the nicer things to see. Sure, there are employees who are upset that they are not seeing an increase in jobs, but it’s just an inflated job market that would only correct itself once all was said and done.

Another thing to consider is that there are a number of companies who have cut traveling expenses for employees. These sorts of discretionary spending was the kind of things that led to layoffs in the first place. It was cutting employees before travel and luxuries. Now they are keeping the luxuries to a minimum and they are able to keep the jobs that employees so richly deserve.

It seems as if businesses are being greedy, but the truth is that they are just doing what they have to so they aren’t in this mess again. It will take getting used to, but everyone is better off for it.

The Predicted Housing Double Dip Could Devastate the Economy

Stephen Cline — Sat, 26 Feb 2011 17:21:34 +0000

When it comes to housing, it’s a huge part of the economy. Unfortunately, right now it’s not really doing much to help the economy recover from its most recent slowdown. As bad as things are, many economists are saying that things will get worse, in that there could easily be a double dip in housing prices. That would mean that home prices would fall yet again, before they started to rise. That could be great news for buyers if they want to wait around and see if the prices go down again, but it’s not such wonderful news for sellers. Many of them are desperate to get out of their homes because they’ve lost their jobs and can no longer make their payments.

If their homes are valued even lower than they were, that could cause them to end up in foreclosure, further harming what may be already tenuous credit. Whether the economy is strong enough to survive a double dip in housing without slipping back into a recession or even into a depression still remains to be seen, of course, but there is hope that the dip won’t happen and people won’t have to worry about what could take place with it. If you’re a seller of a home, or you’re about to put your house on the market, you may want to monitor things closely, just so you’re aware of the kinds of things that could take place in the housing market in the near future. That way, you’ll be better prepared to handle anything that comes your way when selling your home.

Highest Unemployment Rates In The US

Stephen Cline — Mon, 01 Nov 2010 16:02:40 +0000

The Unemployment Insurance System is facing its toughest battle with bankruptcy ever recorded, and many states have already lost their individual wars. Take a look at the information, and learn how your state compares to the ten worst cities in the US. With 15.2% unemployment in one city, do you believe a recovery is near? Share your comments after reading this infographic.

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 Source: Highest Unemployment Rates In The US

Trade Deficit Increases

Stephen Cline — Wed, 16 Jun 2010 04:38:30 +0000

The U.S. economy witnessed in the months of April its trade deficit widen due to fall in exports and also imports fell to a certain degree. The gap is now 0.6% to 40.3 million dollars. This is the highest since December 2008 and is a matter of concern for the policy makers.
But the good news came from shipping statistics which showed that shipments remained at their 2nd highest levels, this even after low demand for pharmaceuticals, generators and other food crops. The amount of exports and imports is predicted to grow in march but still its contributions to the growth of the economy will be minimal.
The U.S. stocks rose as good news spread in Asia about the economic recovery at the global level. The shares rally was seen in the Standard & poor index. But the worst part is the bad hiring spree is continuing by companies and till the hiring does not start, the economy is not going to better.
Many companies have yet to feel the impact of the European debt crisis and the effect of the increased gain of the dollar against the euro has been felt a little.

What’s Ireland grinning about?

Stephen Cline — Wed, 26 May 2010 10:28:29 +0000

The recent Greece Economic crisis and the European meltdown has suddenly made the ministers of Ireland happy. It has welcomed the fall of the European economy with open hands sectretly. The lingering Irish economy will benefit from this fall by an increase in exports along with trade in general and additional revenue through tourism. The weakness of the Euro has been as a booster dose to the small Irish economy.
Already the falling euro has given Ireland 6 billion Euros in trade and has given hope to the Irish people about a growth this year. Since more than 80% of the Ireland’s GDP is provided by exports, the increase in revenue through this is a golden opportunity and a silver lining to dark clouds. Hence this fall in the European markets has created new jobs in the Irish states and made everyone happy. This has given Ireland to recuperate and start managing its resources better so that it can face the global economy once the euro is back on its feet.
Since the fall in euro has led to reduction in travelers going abroad, most of the travelers prefer to visit their own country. This has increased tourism in the Irish state.

Drop of U.S. Stocks

Stephen Cline — Sun, 23 May 2010 16:59:51 +0000

The U.S. stocks fell to the lowest in 3 months with the uneasiness going on in Europe over their scheduled resurrection of the European economy. Many analysts debates that the U.S. economy is not strong enough right now to avoid another fall is another reason that the U.S. stocks are on a downward spiral.
Many prominent companies in the industrial and energy segment lost points in the index. Many automobile companies also felt the pain of the U.S. index’s fall. There is a strong belief that the European crisis is going to take a while to jump back on its feet and might step into another crisis, and a single remedy is not sufficient to end the crisis. The claims of jobless employees rose to twice the predicted estimate and made the stocks feel their effect.
With the current status of the U.S. stocks in mind the U.S. senate is going to pass the financial bill in a bid to end the speculation over U.S. economy’s recovery. This bill is going to impose limitations on the proprietary trading by banks and helps in forging a customer protection agency whose sole purpose is to stop pressurizing the creditors to pay their mortgage and loan payments. Only time will tell if this bill will do any wonders to the stock market or will further abet its fall?

U.S. Economy causes Chinese Fall

Stephen Cline — Fri, 21 May 2010 09:44:21 +0000

The Chinese stocks fell to their lowest yesterday, dragging the country’s Benchmark index to the lowest level in more than a year. This recent fall is mainly because of the U.S. economy’s sluggish growth and the European Debt crisis along with the added pressure of Chinese tightening of its business policies.
Many of the nation’s largest companies whose dealings are mainly with the U.S. and European markets plunged by about 2.5 percent. The Shanghai index has dropped more than 22 percent this year and seems to be on a downward spiral making it the worst of Asia’s indexes. Many investors feared that this might continue and expressed the lack of visibility in the market and expect a double dip recession in the coming months.
The European crisis will make china to take the decision to delay revaluation of its currency and delay borrowing costs therefore leading to more tightening measures. It all depends on the measures taken in the European market to stop the global recession once more and the Chinese are watching with their fingers crossed.

The Great Web of Debt Related Crisis

Stephen Cline — Wed, 19 May 2010 18:45:52 +0000

The global economy is a great web of inter connected climbers trying to climb a mountain. If one falls, the others feel the pull and some weaker ones let go and fall to economic crisis themselves. A major financial crisis in one country will be no easily contained and will have its effect on foreign countries.

Analysts predict that the effect of sovereign debt in Europe will have a much greater effect on the global economy than the financial implosion that started with the fall of Lehman Brothers in 2008. The United State is far from immune to the long term effect of European frugality.

The policy maker’s decisions after the 2008 recession have caused a massive increase in public debt in every developed economy therefore leading to the next phase of the global economic crisis. European politicians claim that only Greece was in debt and no other country in Europe is in a similar condition deteriorated when other European countries such as Spain, Ireland, Portugal and Italy came under harsh scrutiny from the bond vigilantes. This brought the small rescue package of a few billions to a whopping 1 trillion for these five countries.

Even thou U.S is the beneficiary in the short run when countries run to as a safe investment, it will feel the effects in the long run when the severe budget cuts of the European nations will imperil the already fragile nature of the U.S. economy. Ant the worst part is unlike the Wall Street bail out in 2008, this time there will be no tax payer’s money available from some far off land.