Economic Recession
Economic recession is "a period of reduced economic activity"
. Speculations of a possible recession had been raised as early as in 2007. That economic recession has now been confirmed by experts in many countries. For example, countries such as the United States has been in recession since December 2007. Many other countries are also in economic recession or slowdown, including the United Kingdom, Japan and even China.
Now that you have eliminated all of your extra expenses and reduced your monthly bills, take your surplus of money and put it in your savings account. If you fall on hard times, you will have some money saved up to use in an emergency.
It seems as though every time you turn on the news there's another story about a plant that's closing, another company that's outsourcing their labor and laying off their employees and a rapidly growing line of people standing in the unemployment office. What they don't tell you about is the hundreds of people behind the scenes who are benefiting from this economic recession.
Whatever the causes of economic recession, starting a recession proof business this year with the global economic meltdown, Wall Street roller-coaster and major corporations like Ford and GM tromping to Washington with their hats in hand and hands out, seems like a really bizarre notion. But if you think about it, starting an on line business in these times might be the perfect thing to do.
Even people who are not in danger of losing their homes have been affected by this economic recession as the value of their home has fallen, and will more than likely continue to fall as this credit and housing mess continues.
We do not have to be frightened by this economic recession. There is so much hype in the media that sometimes it puts people in a panic mode. It would be a good idea to get a little education on the causes of recessions and how to cope with them. I can strongly recommend a wonderful book that will help in this regard.
By far, the last thing these people need including you is another "good job" only to be disappointed and temporary laid-off again right? Why not maximize everything you own from your car, house, clothes, computer and everything else by starting a legit home base business and therefore, easily write-off everything on your taxes.
Studying the US Economic Recession History may be helpful for some, but I don't find it very helpful in managing investment portfolios. I find that tracking Supply vs. Demand in the investment markets is a much better way to protect assets. When supply begins to outweigh demand, simply change the portfolio to a more conservative stance.
Fast food, microwaves, mail order videos and payday loans have encouraged us to think as far ahead as the next forty eight hours when it comes to our goals and expectations.
We're lured, tempted and taunted by promises of overnight riches on the Internet with almost no work at all, and we've long since lost our appreciation for the toil and frustration of hard labor in favor of replaced those outdated methods of getting things done with updated technology that can accomplish the same thing in half the amount of time.
by: Alfred Patrick
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