Jun 282013

major weaknesses of the US economyThe U.S. economy is the best economy in the world, with one of the highest GDP per capita figures. No matter U.S. has the strongest and most powerful economy overall, it now faces many difficult economic problems. Some of these problems are short term and they can be sorted out over time. Over the month, the value of the US dollar provides the deeply important as well as a decreasing to a record low up against the Euro and the 31 years low up against the Canadian dollar.


If we (our government) do not take any serious measures, the U.S. is going to face an economic disaster on the scale few countries have ever experienced. Most people are not aware the easily observable signs of this critical economic situation, they do not know where it originated from and what measures or steps are necessary to prevent it from occurring. U.S. citizens have a superpower mentality in their minds, but this is not true anymore. We are slowly becoming to lose our position as a leading country in lots of aspects of our social, economic and political spheres.

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Mar 242013

bad credit loan Due to the recession of 2008, many consumers who once had good credit histories, saw their financial dreams go up in smoke. As a result, many are now facing the very real prospect of trying to acquire personal loans with a bad credit history. But do not fret because there is hope for those hoping to qualify for bad credit financing.
The reason for this is due to the fact that being approved for a loan does not rely only on the credit score. Yes, the credit score of the applicant is important, but it is not the only factor that determines whether or not you are approved or not.
First off, what you have to remember is that all lenders are in the business to make a profit. And since they are looking to make a profit, they want to limit the risks to any loan that they give out. So when you glance at the loan application before you, just remember that the lender is simply trying to limit risk and increase the probability of them earning a profit in return for granting you a bad credit loan.

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Aug 012012

US is in depressionDo you think that the dismal economic situation you are in, is the aftereffect of the recession that ended in 2009? If you think so, then sadly, you are wrong. It may sound unusual at first, but it is the truth, because USA is going through an economic depression and not at aftereffect of recession.

This new nomenclature will help people to understand the gravity and the severity of the situation. It may create panic in people, but it is also true that this depression has no evident solution and the end is also not visible. So, you need to think about the problem with more seriousness.

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Jul 272012

Economic depression in europe - unemployment is risingExperts and analysts are anticipating an economic depression once again in Europe. In past, it was 1930, when Europe underwent a deep concerning and historic economic depression. It was a saga of struggle for many people and their families. Now in the 21st century, economic depression is here again, and in order to survive from this one, a lot of discussions are going on all over. In the year of 1930, situations were tough, but as a standard of life at that time was different from today, and requirements for life weren’t that high, the depression was bearable. In the present era, things have changed drastically. This is the era of technology and electronic gears. Thus, the standard of life of the people is now quite high. Naturally, getting out of the economic depression seems quite impossible in these days.

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Jun 252012

what was the cause of great economic depression If you are willing to dive into history class for some time, then let us get right on to some information regarding the causes of Great Economic depression.

One of the reasons why the great depression has been a talk of talks even today is the magnitude. The scale at which its effect was felt and the duration for which it sustained surely arises interest in knowing more about it. Yet, it so happens that though we seem to “know” about the great depression, most of us still don’t know what really caused it.

So far, the great depression happens to be one of its kind and worst in the magnitude. For such reasons, economists and historians kept their eyes sharply on the facts related to it and deduced the reasons that corresponded to such a jolt to the US as well as other economies in those days.

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