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Layoffs & More Layoffs -  It seems that every everyday I look at the news for the financial markets and see that we are experiencing another “layoff” at some company again. It looks very similar to the 1990’s when “layoff mania” was last in full swing. Companies were firing people by the thousands and the stock market was dropping and real estate prices were falling also.
Nothing's more unstable and unpredictable than the worldwide trade market. Yes you can read all the available resources and even memorize top-of-the-line resources on the field of financing and mortgages but it won't necessarily make you an expert. Recent developments in the market though are allowing us to have a good picture of its very near future
The recent surge in the market coupled with new “lowest” Fed rate on record and 30 year mortgages in the 5% range should provide some motivation for stock and real estate investors to start testing the waters again.
This can only help the current situation.
Our hope is that 2009 will be a turn around year for investors!
See you next year...
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