Corporate Losses
These two words are the stuff of headline stories today. Even the elevators in NYC have the top stories playing to remind everyone of all the twist and turns our economy has taken. Even if you have not been directly affected, the amount of coverage pulls you in emotionally and you find yourself nodding your head NO each time another story is told. And it’s not just the US it’s everywhere!
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Global Stock Market
The global stock market shoots a few points up and before anyone can enjoy a sigh of relief they fall back down. From Germany to Russia this picture is happening all over the world. For young adults and people still in school it’s important to study the history of the stock market and learn this isn’t the first time it’s been this way. Below is a chart illustrated by Robert Shiller, Arthur M. Okun Professor of Economics at Yale University.
The squiggles on the chart have always been zigzagging up and down, but the swings have been particularly wild at the time of the great wars, the Great Depression and the recent financial shock. What makes it different this time is the matter of volumes, especially in the red line which represents the stock price index. What we’re all looking out for is whether that knife-point peak will be recovered anytime soon. The ride has been rollercoaster-extreme for a lot of people, and everyone’s looking for a safe port now.
Still, earnings are well on their way to recovery after the 2008 last-quarter meltdown, interest rates continue to creep to the bottom of the floor, and dividends are holding more or less steady throughout recent events. So, where does the squiggly line go next? It ultimately depends on what we do at the street level of the economy, and if there are three things we can do, it’s to prepare our plans to benefit from new information, trust in our plans to work out and to roll out our plans with open eyes and heads.
Consumer Fears?
The gloomiest outlook for the global economy in 35 years may be forcing many of us to live with what we have on hand and start saving up for the things we really want, and all of that for the first time ever.
A growing number of anxious people across all income segments are shopping at less expensive stores, reacquainting themselves with the library, paying down credit card debt and cutting back on new clothes and cars, vacations and meals out. The psychology of the consumer has turned as worries heighten about the job market, the slump in real estate and rising daily living costs.
It’s true people have been hunkering down for the ongoing financial storm, but these are also times that consumers get creative. Frippery and wasteful ways fly out the window while people think up new ways of getting to work, keeping the house and family, and spending their free time.
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Balance Work and Personal Life
If only cutting out stress from your life was just one keyboard away! Stress of course is one of life’s spices. It's a little dash of interest which keeps your day from melting into sheer boredom. But it’s hard to think of anyone who’ll complain about not having enough stress in their life; if anything, most people can never thank you enough if you just send a little respite their way.
To keep the stress blues away, you should be able to cope with demands that work, home and friends make on you. Here are some tips we have gathered to help keep your work and personal life in balance:
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Jodi's Corner:
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Quote of the Month :
Adversity causes some men to break, others to break records." William A. Ward
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