Many are asking……Is the U.S. Headed for Another Great Depression? Is our weak Economy in a full - blown recession? At TideZero.com we try to help answer these questions for you. Articles, reviews, facts, and statistics to help the average American educate themselves on what they can do to weather the storm. Hang on — ’cause the storm is a coming, and it’s going to be a big one!!!
First Things First:(There are not quick fixes. Consistency is the answer).
1. Gradually build a small supply of food that is part of your normal, daily diet until it is sufficient for three months.
2. Store drinking water.
3. Establish a financial reserve by setting aside a little money each week, and gradually increase it to a reasonable amount.
4. Once families have achieved the first three objectives, they are counseled to expand their efforts, as circumstances allow, into a supply of long-term basic foods such as grains, legumes, and other staples.
How to Make Money During a Recession
With so much talk about a slumping economy and a down sliding stock market it is hard to imagine grasping onto any hope of yielding a profit during these times. This article will suggest some tips that may help you survive during an upcoming recession.
·Value Investing pick companies with low debt, steady growth, and strong earnings. In order to pick the best stock from a list of strong companies, pick the one that is farthest from its 52 week high. This is called Value Investing. Many of the country’s wealthiest entities made their money from snatching up bargained stocks and holding on to them until the market recovered. If you are able to leave your investments to grow over a 5 to 10 year period, it is pretty likely that you will earn a decent profit. You simply need to search for well established companies that are sure to be around and stable in the next 5 to 10 years. Think of companies such as Coca-Cola, General Electric, Proctor and Gamble, and the like.
Break up your purchasing throughout the year. Do not use all of your investing money to buy up as many shares as you can at once. In a recession, stocks are likely to continue decreasing in price. By the end of the year, you will have more stocks for your money than if you would have purchased them all at once.
Buy under priced stocks of a company that is estimated to thrive during a recession. These will be companies that provide a product or service that is “needed” rather than “wanted”. Also, since people spend less money during a recession and usually hesitate to put out cash for large luxury items, they will more than likely spend on accessories for the items they already have. This can include video games, digital camera components, mp3 player accessories, etc. Look to invest in these types of companies.
Implement these tips and use sound judgments before jumping into any investment, your finances should begin to show promising growth and security in this unstable economic time.
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The United States had about 25% unemployment during most of the decade from 1931 until 1941, and sharp falls in GDP. Other countries experienced economic difficulties of a similar magnitude. So far, American GDP has not yet fallen, and unemployment has reached only a little over 6%. Both figures are likely to get quite a bit worse, but they will nowhere approach those of the 1930s.
The Great Depression took place from 1929 to 1939. During this time the prices of stock fell 40%. 9,000 banks went out of business and 9 million savings accounts were wiped out. 86,00 businesses failed, and wages were decreased by an average of 60%. The unemployment rate went from 9% all the way to 25%, about 15 million jobless people.
Change begins at the state and local level. Visit your state legislative websites or log onto: http://www.jamesmolina.com and join the Arizona Senate Campaign for James Molina LD19.
