EVERYONE, even my 6 year old granddaughter, has heard the brouhaha going on with our U.S. Congress madly working on raising the debt ceiling so the U.S. government will have the funds to keep spending. If you have not heard about this you won’t be reading this article but will be in the middle of nowhere, with no phone and no news source whatsoever, basically dead to the world.
The outcome essentially depends on the ability of the Obama administration to rejuvenate capitalism’s “animal spirits” by substituting the benevolent fist of government for the now invisible hand of Adam Smith.
Things are going to be awful for everyday people. U.S. GDP growth is going to be negative through the end of 2009. And the recovery in 2010 and 2011, if there is one, is going to be so weak – with a growth rate of 1% to 1.5% – which it’s going to feel like a recession. I see the unemployment rate peaking at around 9% by 2010. The value of homes has already fallen 25%. In my view, home prices are going to fall by another 15% before bottoming out in 2010.
Is the resale market good in the community you’re considering? Places that are too remote will only appeal to a select few buyers. Make sure your second home will be attractive to a large number of people, in case you end up selling it down the road.
The best thing about such offershaze.com is that the money borrowed is directly credited into your bank account. The whole process is completed electronically. Even the repayment part is automatic. You need not worry about your loan payment schedule.
For the next 12 months I would stay away from risky assets. I would stay away from the stock market. I would stay away from commodities. I would stay away from credit, both high-yield and high-grade. I would stay in cash or cash like instruments such as short-term or longer-term government bonds. It’s better to stay in things with low returns rather than to lose 50% of your wealth.
The fourth character is that of Chandrakant ( Kulbhushan Kharbanda) a retired father and his only son ( Pushkar Jog), who wants to go abroad for further studies because it’s the current trend. The fathers savings are just not enough to fund the son’s dreams and he is forced to consider a education loan as the only way out……..
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