The US housing sector was the back bone for the US growth during 1990 to 2007 period. But with all the sub-prime crisis blowing out of proportion, we had Lehman Bros, closing down all of a sudden in 2008 middle.
Also Fannie Mae and Freddie Mac which control over 60% of the total US housing financing [...]
Cycling is one of the key reasons behind the long and healthy life of millions of Chinese people. They do cycling for all their local activities right from their child hood till their late sixties.
Cycling helps them to exercise all key parts of their body and also induces lot of oxygen inhaling which helps [...]
The US FED is doing all the best possible to revive back the sagging economy. The US FED has now reduced their bank interest rates to near zero level, not done in the last several decades. This only indicates the really bad state of the economy.
The US FED has also indicated that the current low [...]
Barak Obama feels that US needs at least 800 billion worth of stimulus plan to get out of the current economic turmoil. The entire Automobile industry is in shambles with all the majors reporting huge losses, and massive job cuts.
The banking industry is in dire straits with no signs of recovery in the near future, [...]
UK continues to sink along with most of their other European friends. The UK economy shrank at the fastest pace in Q4 2008 due to a variety of reasons.
First the housing prices reached record lows in 2008.
Unemployment levels were at record highs due to increasing closure of factories across UK.
Exports went into negative zone [...]
Crude oil prices were at record high 140 plus dollars a year back and nobody predicted it to come crashing like hell in the last few quarters. The drop has been so steep that OPEC is planning for another round of production cut to stem further price drop.
The crude prices are currently in the 35 [...]
The Chinese government efforts in stimulating their domestic economy through their 500 billion dollar spending program seems to be yielding some results. Decent to sharp recoveries have been noticed in many industries including steel, cement, infrastructure etc.
This has resulted in many industrial commodities including iron ore, copper, zinc, aluminum and crude gaining substantially in [...]
US Job losses are continuing to climb month after month, and by the end of February 2009, the rate of unemployment has hit a all time high figure of nearly 8%. Compare this with less than 3% unemployment a few years back.
That will tell you the plight of US citizens in the last few years. [...]
Many people do not take adequate insurance cover for themselves. That is primarily due to lack of knowledge about the benefits of an insurance cover. Everyone would love to have their dependents in a financially sound condition , even after them demise.
Death does not come with due notice, it can happen all of a sudden [...]
OPEC statements made by various leaders every week last year, used to spike up or down the crude oil prices. Eventually they were able to push the crude oil prices to all time high of 147 dollars to a barrel in early 2008.
But with the world’s largest economies US and Japan crashing like never before, [...]
