recession (5)

How Bad will the Next Recession Be?

We all know another recession is coming eventually. It’s part of the natural business cycle. The real question though, is how bad will the next recession be? Can we expect something as bad as the 2008 recession?

The short answer is most likely not. Overall, the 2008 recession was “generally terrible”. A typical recession will see a 30% drop in the S&P, while the 2008 recession saw around a 50-60% drop. We also saw a huge hit on GDP in 2008, 5.1 percentage points. In the past, we have seen GDP hit

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“The federal reserve should get our interest rates down to zero or less” trump tweeted. Federal bank has cut interest rates for third time in a row now. But still president Trump insists Fed to go zero or negative interest rates. He mentioned in his tweed that we should pay less interest than our others.

With negative interest rates, people should pay interest to keep their savings safely in banks. It was introduced by Danish bank followed by eurozone, Switzerland, Japan and Sweden to help their

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Jones Act is Strangling Puerto Rico

Free Puerto Rico, America’s Colony (New York Times)

The US shipping industry is putting a multi-million dollar squeeze on Puerto Rico (Business Insider)

Puerto Rico has been a US territory since 1898 when it was acquired from Spain. In 1920 the United States imposed the Merchant Marine Act (also known as Jones Act) which required any import (foreign food, goods, etc.) to enter the island in an American vessel. While foreign may directly enter the island, they must pay many import taxes which end

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"Puerto Rico Prepares for Luxury Shopping Amid Recession"

The Mall of San Juan pictured below on September 16, 2014 with the Ernesto Ramos Antonini housing project directly behind it.

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On March 26, 2015 The Mall of San Juan opened its doors in San Juan, Puerto Rico. The island which is a commonwealth of the United States is facing the worst economic recession in its history. The current public debt in the island territory is $73 billion and unemployment rate is 15.4%. Puerto Rico bonds were als

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Is 45 the new old age in the workplace?

This is crazy because 45 years old is not old at all. And to think that the age of retirement is increasing means that a huge age group will be discrimated against in the work place for years on end.  Which is entirely unfair to those who are still raising families and saving for retirement.  -AL

http://money.cnn.com/2014/11/14/news/economy/ozy-old-age-career-45/

ozy old age

At what age are you washed up? Maybe earlier than you think.

There's been no shortage of press about how older workers face discriminatio

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