You may need to switch industries to find work

To find a job, ignore doom-and-gloom news, experts say – CNN.com.
The unemployment rate is now the worst it’s been in 25 years.  We’re at 8.1 percenmt and it’s only going to get worse.  To those who have a job; be thankful.  To those who lost your job, we wish you well in your job search.  [...]

Followed the rules? Did you part? Now you get to pay?

There are plenty of people out there who follow the rules.  In fact, the vast majority of people bought a house they could afford and make their payments.  My parents bought their second house in 1991 I believe.  It was a drastic upgrade from where we were but they could afford it.  They’ve refinanced it [...]

People still spending on home improvement

According to Calculated Risk, people are still spending at an above average clip on home improvement.  In fact, investment in home improvement is exceeding investment in single-family homes.  This may seem somewhat counter intuitive but it makes sense.  Conventional wisdom, at least using my conventions, would lead me to believe people would just live with [...]

It’s all your fault

Also known as the “paradox of thrift”, a term coined John Maynard Keynes.  As the New York Times explains, paradox of thrift occurs when people, unsure of their economic future, put off spending and save instead.  As the Times also points out, an uncontrolled desire to spend and live for today got us in this [...]

Colorado’s recovery could start as early as summer

CSU, CU economists: Colorado’s recovery could start as early as summer – Denver Business Journal
Now this doesn’t apply to those of you who aren’t here in Colorado but Crowd Rent is headquartered here in Parker.  But it also applies to many people in states that didn’t see a huge housing run up.  I used to [...]

How many more jobs can they cut

Massive job losses: What’s left to cut?
For and entire year small businesses have made deep job cuts.  The good news is small businesses have typically been the last to cut jobs and the fist to create them.  So as small businesses start hiring again we’ll start to see a recovery.  Business owners are saying they’re [...]

25% of companies plan a salary freeze

In another sign of the times, a quarter of all companies have decided to freeze salaries.  That means come the end of the year, you’ve put in your best effort, incresed the bottom line and this is what you’ll get.  Nothing!  You might get a company shirt, a coffee  cup, or even a company pen but you’re [...]

Dollar Stores doing well?

Value-seeking shoppers boost Family Dollar; shares on the rise – MarketWatch.
You know why dollar stores are all the rage right now?  Sure a nice car or a name-brand purse are fashionable but eating and having a place to live are pretty cool too.  People are just trying to keep their heads above water.  The economy [...]