Economics & Everything else » Uncategorized

Relief from Debt

ravi — Sun, 13 Dec 2009 21:10:30 +0000

In economics loans are needed in order to run the economy, if all the worlds debt was cleared the world economy would cease to exist. Many businesses today also rely on loans because companies take out loans to be able to pay for payroll and other expenses since there is a waiting time before a payment is received for a service or product. Recently there has been a downturn in our economy and as a result companies have been having to take out more and more loans at higher interest rates. Because of the massive pile up of debt companies like freedom debt relief have emerged and have helped keep low payments;
They help Cut debts in half and Get debt free fast while charging little for the service that saves you tons.
A relative of mine had a problem with debt and decided to take it on without the help of a debt relief program and ended up spendings thousands more because he wasn’t able to negotiate with the credit card company. My relative is living proof that it is better to consolidate your debt with a debt relief agency and work together to get you financially secure.

Getting the correct Forex Information

ravi — Sat, 18 Jul 2009 01:01:51 +0000

There are lots of websites right now offering tips and advice on how to make you rich by trading on the Forex market. These sites may sell you some products or ask you for your money so that they will be the ones to invest on your behalf. Promises of quick riches are often advertised in their sites.

Most of the time what these websites offer do not work. If you really need to learn about the Forex markets then try to get information from business news websites. Try to search through the popular Forex forums as well since people will be posting their experiences in the Forex market.

Credit Cards

ravi — Mon, 20 Apr 2009 01:51:10 +0000

Why so many people complain about credit cards i don’t know. I personally use one and it is one of the greatest things in my life because I never have to keep cash on me and I never have to worry about theft of my wallet. One thing that I feel is stupid is the people who decide to take out cards to pay off another credit card balance, and the people who decide to get cards with annual fees. Why pay someone a annual fee for using your own money? The great thing about credit cards is that you are able to get money back on purchases, and you never have to buy insurance when you rent a car with them. Rock on credit cards, for those who are in debt… get out.

Recession impact on games

ravi — Sat, 18 Apr 2009 01:50:40 +0000

As it turns out the gaming industry is recession proof which should tell you where to put your money in times like these. Typically nothing is recession proof besides price inelastic goods like medication and water where the price can go up three thousand percent and demand would stay stagnant. As I stated above the game industry looks like it is able to withstand the drop in spending by consumers everywhere as opposed to other industries which are now crumbling. Don’t bet your money on it for too long is my thinking, like everything good in this world it inevitably goes away.

Technology

ravi — Mon, 13 Apr 2009 01:31:27 +0000

With economics technology plays a big part in supply. In economics the acronym ROTTEN represents all factors that are able to shift the supply curve of the supply and demand graph. The acronym ROTTEN stands for:

Resources
Other goods
Technology
Taxes / subsidies
Expectations
Number of sellers

I like to focus on technology because that is what is pushing the price down of many items that are being sold today like Jump drives. The flash memory industry is starting to lose money because so many competitors have entered the market because of low barriers to entry and therefor a price war is going on… a.k.a. dumping. Of course this is all part of the market and eventually a equilibrium price will be met and all will be balanced.

The art of money making

ravi — Sat, 11 Apr 2009 00:56:43 +0000

In order for someone to make money they have to realise that one must be able to focus on their goal and let their goal lead them. I have had such success with money making because I have always allowed myself to be led by my goal regardless of where it may take me. Using a old forum I was able to make a steady two to three dollars a day for doing nothing, and the forum members greatly awarded me for the online space that they were granted to rant on. If you cater to your audience you will make money, and if you put in the hard work money will come to you. Remember half the battle is figuring out what to do, after that it’s easy just like eating cake.

Buy stocks now?

ravi — Sat, 15 Nov 2008 02:16:33 +0000

Some people have been talking about buying stocks now. Warren Buffet has said “it’s the time to be greedy”, and many certified financial planners are telling clients to get into the stock market. I for one disagree with that because I feel that things are only going to get worse before they get better. In addition with our unertain markets anything can happen whether it’s the dollar hitting a all time low or the house reports coming out saying that we are once again spending less thus lowering our GDP. Of course who am I to give my financial advice? I have only had a ever increasing networth since I was in the second grade.

Treasury Bills

ravi — Mon, 10 Nov 2008 02:00:30 +0000

Treasury Bills also referred to as T-Bills are issued by the fed as a way to raise funds on open market. Buying and selling debt is done by the FOMC or the Federal Open Market Committee. During the years the rate of T-Bills have been on the decline because the federal reserve has decided to lower rates in a failed attempt to try and jump start the economy. Unfortunately for savings like ourselves we are hit the hardest because inflation has been on the increase for slight while. Luckily with the price of oil on the decline cost push inflation has been on the decline but rates still haven’t caught up to the point of inflation which is ~4%.