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Wednesday, February 19, 2014

Recession at 3 5 in Q2 the greater situation right now

The second quarter of the year had a severe recession of 3.5% - officially. Unofficially it is probably higher than 7%. Most sectors experience contraction of over 10-15%. The only "good" thing affecting the recession indexes is the trade balance which has less imports than Q2 2009.

Initially, when the government published its budget in year-end 2009, it had forecasts for around the same GDP. Then it revised it to -2% and then to -4% with the IMF+EU memorandum. It may go higher than that still.

Ordinary people are struggling with their daily expenses, taxes, reduced business etc. A lot of cars are left parked while people dont have money for gasoline. Big taxes have hit a rate of diminished returns and government income projection is failing due to over-taxation and recession. People simply cant give what they dont have.

Expenses are higher, taxes are higher, consumption is lowered and many small businesses are forced to shut down. It is anticipated that over 100.000 small businesses will shut down in 2010 (!).

In the absence of large-scale industry, the backbone of Greek businesses has traditionally been small-scale businesses, usually family owned. It seems theres something like a greater plan of extinction where all autonomous businessmen will have to become beggars of jobs, instead of job-givers. In a sense, the whole market is shaping its parameters in such a way that, given enough time on the same course, people will all gradually turn employees of big multinational companies - which will own all and everything. It may sound like an exaggeration but at this point most products on grocery shops for example, are currently produced by ex-Greek companies that have been bought by foreign capital. Greek shipping lines are partly owned by foreign capital. Telecommunications, transport etc, foreign capital too. Even banks are being encouraged to do mergers with foreign banks so as to shift their ownership.

The long term implication is that by sending all profit from commercial transactions abroad, the country will be engaged in an ever increasing downward spiral of povertization.

In the meanwhile the media heavily under-report the rate of economic suicides that has taken the form of a "plague". A 32 year old man committed suicide the other day for not having 120 euros to pay his mortgage (!). What is happening is really tragic, in this regard.

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Thursday, February 13, 2014

Forex Tips And Tricks You Can Use Right Away

By Adam Woods

When people think of the stock market, they usually only think of options. The foreign exchange market also, has a lot of opportunity to make money. This article will give you some tips on how to make money with forex and what steps must be taken to make sure you succeed.

A great tip for Forex traders who are looking for a broker is to check the brokerage firms system before you even consider talking to one of their brokers. Visit their website, and get comfortable with their trading application as this is what you will be using to execute your trades.

Trade because you have a passion for it. If you are only trading because you have to, you will not be nearly as successful as if you enjoyed it. Traders who do not enjoy the job will overlook things other traders would not, causing them to lose money and forgo profits that others seized.

When trading on the Forex market, patience is a virtue that needs to be practiced. Big moves can take considerable time to develop. Be patient and give the market the time it needs to tip its hand before you make that trade. Once a big move is underway, there will be plenty of opportunities to cash in.

A mistake that is commonly made among beginners when trading in the foreign exchange market is that traders try to pock tops and bottoms. Pinpointing tops and bottoms in the market is a difficult and very risky task. Wait until tops and bottoms have been established by price action, not by random guessing.

In forex trading you need to identify successful patterns and stick to them. This is not about using automated scripts or bots to make your sales and purchases. The key to forex success is to define situations in which you have a winning strategy and to always deploys that strategy when the proper situation arises.

When you invest in trading forex, it is important that you do not let your emotions get the best of you. If you do not keep a level head, you can make bad choices. All trading calculations should be done purely through logic and understanding, not greed, fear or panic.

Forex Signals

Choose the right professionals to help you. You need a good Forex broker to guide you in your trading career, and youll need a pro-trader to help you learn the Forex signals. Keep your eyes open while you are practicing your skills on your demo account. This is the time to make good connections with people who can help you in your Forex career.

If you are new to forex, your next step is to look for additional material. You should understand every mechanism of the market. When you are ready, open a demo account and start practicing until you make the right decision every time. When you can do that, you are ready to start trading with real money.

About the Author:

With modern technology you dont have to be a wiz kid to make money with forex. There are plenty of forex signal providers out there that can automate your investment quite easily.

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Wednesday, February 12, 2014

Debt Consolidation With Home Equity Products Is it the Time Right For You

The topic of debt consolidation is an important one to discuss, and not only because we are just beginning what could be a long recovery from the economic recession of the past year. The recession has not caused debt problems for most Canadians. It has merely exacerbated a problem that already existed before the recession hit.

Consider the results of a Vanier Institute report released in early 2009. Called The Current State of Canadian Family Finances 2008 Report, the study includes some troubling numbers.

Debt loads are in what the reports authors call the "danger zone". Average household debt increased to more than ,000 in 2008. Looking a little more closely, the report also shows that the total debt to disposable income ratio climbed to 140% in 2008 - the highest level in 44 years.

Of equal concern is the ratio of consumer debt plus mortgage debt.

Sitting at 127% of disposable income in 2008, the rate is higher than what we saw in the U.S. in 2006, just before the bubble burst on their housing market.

The Debt Service Ratio (DSR) measures the percentage of gross income spent on interest on household debt plus payments on the principal. A "dangerous" DSR is anything in the 40% range. In the U.S., 6.3% of households had a dangerous DSR at the time the Vanier study was conducted. In Canada, 4.4% were in the danger zone. That 4.4% translates into 600,000 households. Unfortunately, many of those households are in the lowest third in terms of income. In other words, low income households are struggling harder than most with unwieldy consumer debt.

The report also reveals that spending and debt are rising faster than incomes: "The average household income rose to ,200 in 2008 and was up by 11.6% since 1990.

Spending increased twice as fast (+24.4%) over the same period while total debt (+71%) increased more than six times faster than incomes."

The bottom line - people are spending more than they earn and carrying enormous amounts of debt, much of it in the form of high interest credit card debt. The average Canadian has more than 2 credit cards, and in the five years between 2002 and 2007, MasterCard and Visa transactions jumped 60%, with the total value of sales increasing by 55%.

Although some claim the recession has ended, the pain will be felt by many well into 2010 or beyond. Job losses continue to mount and our economic difficulties threaten to push many people into insolvency.

Many mortgage brokers are trained to offer debt consolidation services to help homeowners get a handle on their debt. For those with a decent amount of equity in their homes, a home equity loan or line of credit - at current low interest rates - can give them the money they need to pay off high interest debt. If you are concerned about your personal debt, talk to a professional about debt consolidation with a home equity product.

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Sunday, February 9, 2014

Student Loan Consolidation Repayment Options Which One is Right For You

Asking for a student loan is easy, but repaying it can not only difficult but can also extend longer than one might expect. Students who have decided to consolidate their loans find that their original plan of repaying their loans right after they finish their studies are often put on hold for one reason or another. As a solution, they look for student loan consolidation repayment options.

A couple of the most common reasons why students search high and low for repayment options are the inability to land a job right after they graduate, and the lack of sufficient salary to answer for their past student loans. During this time, they have difficulty in fending for themselves, let alone repay their student loans. Student loan consolidation provides them with an opportunity to finally get their finances on the right track and be free from debt sooner than later. Obviously, one of the best ways to do this is to consolidate the repayments so that only one repayment per month is required.

Another one of the many options are to apply for graduate repayment plan, which is designed to start with low repayments that increase gradually until the balance is repaid. Students can specify how much the repayments should increase according to their current financial capability. Practical methods include juggling sideline jobs in order to earn extra income and living below their current means until they can afford to buy things without having to worry about how to cover the current months installment payment. As a last resort, students can apply for forbearance to suspend their repayment obligations in case they are having extreme difficulty in their present financial state.

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Wednesday, December 25, 2013

Why a Car Title Loan Is Right For You

Weve all been there. You have a bill coming due, but your paycheck isnt coming for a few days. Or you have an emergency situation, but you dont have the cash to take care of it right now. When an unexpected expense falls into your lap, you may not know where to turn. If you dont have an emergency savings account or assets that you can sell off, your only option may be to get a loan, and an auto title loan might be right for you!

You have bad credit. Maybe youve tried for a loan but youve already been turned down. Your credit history doesnt matter when it comes to auto title loans because you are providing your vehicle as backing for the loan. As long as you have a clean title, youll qualify.

You have money coming in but you cant prove it. Maybe youre a freelancer, and you cant provide proof to a lender that you have regular paychecks. Or maybe you just ended a job, and youre about to start a new one in a few weeks. With an auto title loan, you dont need to provide proof of income to qualify.

You dont own a home. Many people have reverse mortgages on their homes to help pay for necessary life costs or to pay emergency expenses, but if youre a renter, you dont have that option. But it is likely that you own a vehicle - whether its a car, motorcycle, or boat, you can use it as collateral for your loan.

You need money fast. Your washing machine broke, and you cant wait weeks to get it fixed. Or maybe all the bills lined up at once - the rent, car insurance, electricity, etc. - and you cant handle the load all at once, but you still need all those services. There are many reasons that you might need money right now, but with many other types of loans, it can take several days or weeks to get qualified. An auto title loan can put money in your hands the next day, or even the same day, if you have everything in order when you arrive at the lenders.

You need to use your car to get to and from work. Maybe youre scared that youll lose your car if you sign on for an auto title loan. Not true! The lender will ask you for your cars title as well as an extra set of keys for the car. But as long as you are paying your loan on time, you will be able to use your car, and once the loan is repaid, youll get your title and spare keys back.

You need a short-term loan. Maybe your paycheck is coming in a few weeks, or youre about to get paid for a big project youre working on. For whatever reason, you just dont have the cash right now. An auto title loan is perfect. With low monthly interest rates, you wont pay too much for your loan.

Before you sign up for an auto title loan, be sure to read the fine print. Some auto title loan companies have very strict standards, such as repossessing your car if you are just a day late on your payment. Go with a reputable company that allows you to use your car for the length of your loan and also has flexible terms if you are a little late with your payment.

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Friday, October 25, 2013

Automobile Issues Gearing Towards the Right Vehicle

So you have stored enough cash to buy yourself a car but now you need to take properly since you do not want to use cash on something that is not value it. Time is cash therefore it is essential that you get something that will take a position the ages thus the following aspects when regarded will help you in your pursuit for the right car.

Ensure that you get a car that fits your specifications with regards to area and dimension for baggage and travelers. You have two choices when purchasing yourself a automobile that is you can buy a product new automobile or get yourself a used one. The vehicles that are produced these days are designed to last so a used automobile might not be that bad. It all relies on what is in your wallet. You should not buy a car then end up in debts.

Is it leasing or buying that works for you. Money is what matters here. With leasing you will be able to pay in installments without feeling the financial pressure. Leasing is recommended for those who cannot make a down payment or those who like changing their vehicles after a certain period.

Use the internet to do some good research. Try and see what type of vehicle you can get with the money that you have or calculate how much more you will need to add in order to purchase your dream vehicle.

There are some people who get a loan in order to buy a vehicle. Now before you sign any form get to check your credit worthiness because no one will be willing to give you a loan if they cannot be certain that you will be able to pay back. It is also wise if you check and compare the interest rates of different financial institutions before asking them for a loan. When you find the best interest rate go for it. Ensure you get the money before getting the vehicle.

Before settling down on one seller, try negotiating a sale with several sellers. Get to see who is offering you the best deal. For those who hate bargaining, you can seek the services of an auto buying firm. Simply supply them with all the details of the car that you want and the price that you want it for and they will not disappoint.

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Sunday, October 13, 2013

Identifying the Right Home Equity Loan Rates

By Elanora T. Kelly

There are a variety of ways to change the amount you owe on your home, while helping to define the value of the real estate you are in. One of the alternatives that are available for those that are looking into changing their home is based on home equity. This identifies how much your home is worth through the amount you have paid off while showing you how much money you can pay back to a bank that you have borrowed. If you are considering a loan for this, then you will first want to identify the equity loan rates.

The concept of equity loan rates are identified by the amount of money you want to put into your home.

If you want to build equity with a piece of real estate, then you can take a certain amount to fix the interior or exterior and can work on improving the home. This amount of money will then be borrowed against your home, which you will have to pay back with the mortgage you have. This is known as secured debt that is available for the real estate that you have and can assist you in repairing the home you currently have.

Before you decide to get a line of credit or loan for this specific aspect of real estate, you will want to identify the equity loan rates. This will vary according to the current economy as well as specific bank standards. These may also alter according to your personal credit. When you are looking into this type of loan, it will work in a similar manner to a mortgage or other loan. This means you can decide between a fixed rate or an adjustable rate, both which will give you the loan at a specific percentage. Investigating the different rates and finding what fits your personal needs ensures that you pay the right amount back for your loan while providing you with different concepts for your loan.

If you are working on fixing your home while adding in value to the piece of real estate you own, then considering equity loan rates may be one of the best alternatives. This can provide you with a different way to add more to your home while paying back what is needed for more comfortable living.

When looking for a Right Home Equity Loan Rates be sure to list your requirements and check out these rates.

Finding equity loan rates that fit with your needs can then help you to improve the real estate value you are working with

Learn More about Equity Loans

For information on all types of ways to find the best Equity Loans Rates come to consolidatingcreditcarddebtforyou.com

Article Source: http://EzineArticles.com/?expert=Elanora_T._Kelly

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Thursday, August 1, 2013

Build Equity By Choosing The Right Mortgage

Homeownership is the key to building wealth for most people because it is an involuntary savings account. As you pay down your mortgage each month, the value of your interest in the home rises.

Build Equity By Choosing The Right Mortgage

Equity is a beautiful word as every homeowner knows. Once you get used to making your mortgage payments, you can rest assured that you are creating a nest egg every month. Throw in the appreciation on the property and your nest egg can grow large before you realize it. This savings account, better known as equity, can provide the means for putting your kids through college, dealing with emergencies and retiring.

Building equity is fairly simple. Just make your monthly mortgage payment. There are additional steps you can take to move the process along at a faster pace. These steps are all about the type of mortgage you obtain when you purchase your home.

When you purchase a property, particular for the first time, it can be a stressful event. Right or wrong, most people tend to take anything they can get in a mortgage loan so they can meet the closing of escrow. This is understandable, but can come back to haunt you financially. If you can step back from the chaos for a moment, you might consider the following options that will help build equity.

A 30 year mortgage is the default for most homebuyers. It is the first thing that comes to mind and most assume it is the safest option. A 15 year mortgage, however, is going to cut down on the total interest you pay on the loan as well as supercharge your equity growth. The 15 year loan is far better than a longer option, but only if you are absolutely sure you can meet the monthly payment requirements. If you have any doubts whatsoever, there is another option that you can consider.

Making prepayments on principal is a simple, proven way to build equity. The idea is to make an extra monthly payment when you have sufficient cash to do so. Effectively, you use your home as a savings account by doing this. The advantage over other investments is the equity growth should be tax free. Before taking this step, find out from your lender if there are any prepayment penalties. Regardless, making two of these payments each year will quickly build equity in your home.

If any of these ideas sound interesting, you can still take advantage of them even if you currently have a mortgage. Refinancing your mortgage gives you an opportunity to correct mistakes you made when you more focused on getting through escrow. Talk with a mortgage broker to find out your options.

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Monday, May 20, 2013

Choosing The Right Real Estate Agent

By Carlene Tibbetts

People that are involved in the purchase of a house are often faced with a tremendous number of decisions to make. Many of these decisions are focused on the need to ensure that as much personal preference as possible is placed on this purchase as the investments made are quite large and difficult to manage on an individual basis. When selecting the right real estate Lafayette Indiana agent consumers are able to use the most effective guidance possible in purchasing their house.

Real estate agents are trained in providing consumers the guidance they often need in sorting through local housing listings. People are reliant on these professionals when they are trying to be certain they find the most appropriate house that matches their preferences in the most consolidated manner possible. Most of peoples choices are only completed after a lot of consideration.

People sorting through houses for sale in Lafayette Indiana are offered quite a few professionals options to utilize. Many consumers are uncertain of what should actually be focused on when making such a critical and complicated decision. The right professional is usually hired by factoring in various sources of review.

Lafayette Indiana realtors that have been used by friends and family members should receive initial attention. People that have recently purchased a house are equipped with details pertaining to the success that they generated during their efforts. Consumers are offered referrals pricing in most instances when this information is utilized.

Personality is also realized as providing a major source of review in this process. The personality of the professional is essential on multiple levels as it usually dictates how effective their services are and how well they are gotten along with throughout the purchase. Welcoming and friendly professionals often help generate the best results.

People should also have the option to be matched to particular properties of interest when using their professional. Matching services are helpful in narrowing down the listing options significantly which is helpful in battling this complicated process. Most professionals actually advertise this service option which helps buyers narrow down their options.

When selecting a real estate Lafayette Indiana agent people are also concerned with their prices. Paying for this type of professional can be quite challenging for people on any kind of budget. Focusing on the professionals with the most reasonable costs for the most comprehensive services helps create a great value.

About the Author:

Get excellent tips for picking a real estate Lafayette Indiana agent and more information about reliable Lafayette Indiana Realtors, now.

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