« Resources to help your Business Survive a Recession | Main | Unhappy New Year »

Jan21
Housing Crunch Squeezing Consumers as we head towards a Deep Recession

Housing is at its worst point ever since at least 1970, the U.S. has suffered recessions only twice in the past quarter century and this one could be worse.

People with bad credit are definitely suffering, and people with good credit continue to have trouble getting loans.  With the sub prime mortgage mess, heavy debt loads, much of it credit cards with high interest rates, high energy and high food prices combined with businesses closing and job losses, there is little consumer spending, causing the economy to falter.

In the 70’s the recession did not include higher food and energy costs, causing this recession to be even worse.  People who can keep their jobs will have to put their money into paying off debt and just basic living expenses, nothing extra.  With the proposed plan by President Bush to “refund some consumers” money, he has yet to lay down the criteria of just “who” will receive this money. 

related entries


0 Comments/Trackbacks




submit a trackback

TrackBack URL for this entry:

post a comment

Name, Email Address, and URL are not required fields.





Comment Preview

« Resources to help your Business Survive a Recession | Main | Unhappy New Year »

Advertise

Related Resources

recent comments

    sponsored ads



    subscribe


    Prefer Email?
    Subscribe below-

    Enter your Email:


    Powered by FeedBlitz What's this?

    Current News

    Support This Blog

    blogroll


    My site was nominated for Best Education Blog!

    business social media

    Use these fast growing business social media sites to promote your business, feature your products, spotlight your business leaders, create links, and drive traffic back to your company site, all for free!

    BIZZlogos - Add your logo - free link to your site
    BIZZphotos - Add photos of your products and people
    BIZZprofiles - Submit your profile and build your online visibility
    BIZZspotlight - Spotlight your business with free links
    BIZZvideos - Videos about businesses, products and business people.
    BIZZbites - "Digg" for Business - Submit your articles and posts

    Know More Media - Finance / Banking / Insurance

    know more media network

    View Network Map

    Network Feed List (OPML)

    Know More Media Network
    Feed


    we support unitus

    PRWeb

    Influencer



    BizCreditPolicy is a member of the Know More Media network of business related blogs.

    Here are some current headlines from some of our business publications:

    ProductivityGoal

    CallCenterScript

    AdHurl

    TheBizofKnowledge

    LandingTheDeal

    CustomersAreAlways

    HealthCareVox

    BrainBasedBusiness

    TheInsurancePolicy

    MarketingBlurb