Money (Page 10)

What will ourfinancialfuture be like?

In LiveScience.com, Clara Moskowiz quotes economist RossGittell as saying, “For many US households this may resultin a new reality, with declining economic prospects for thenext generation.”

Will the economic world really be worse for our kids than ithas been for us? Moskowiz qjuotes economist Steven Fazzari as saying, “It’s possible, but I think it’s unlikely. Thereare stronger aspects of the economy that will eventuallyturn us around. Once we get out three to five years, thingswill start to look much better?We’ll look at this as as badan event as we’ve had in the last 50 years, but not anotherGreat Depression.”
read more

Spend cash! – As financial institutions are failing, right and left, there’s something that?s important to remember during the current recession: There is evidence that people spend less when paying cash than using credit cards or gift certificates, meaning that cash discourages spending, and credit or gift cards encourage it.

Researchers Priya Raghubir and Joydeep Srivastava say, “The studies suggest that less transparent payment forms tend to be treated like [play] money and are hence more easily spent (or parted with.”

Art credit: freeimages.co.uk
read more

What’s really behind the coming economic collapse? Some houses are now worth less than their copper pipes, which are being stolen from empty, foreclosed properties. But there are economists who think the REAL cause of the recession isn’t sub-prime mortgages, it’s that perennial problem: credit card debt.

Across the US, empty houses are being stripped of their copper, aluminum, and brass by looters. These metals are used in plumbing, heating systems and telephone lines. Chinadaily quotes Cleveland city councilor Tony Brancatelli as saying, “We’re in an incredibly unfortunate time where the nonferrous metals commodities market for scrap is at an all-time high. Houses are getting stripped pretty quickly once they go through the foreclosure process.”
read more

Stock market predictions have been tied to many things, including the length of women?s skirts. Since the market is in chaos right now, this search has become more important than ever. Stock market analysts have discovered that when TV viewers like a company’s Super Bowl commercial, the company’s stock price goes up.

A study examined over 500 commercials that aired during 17 Super Bowls from 1989-2005, and found that investors favored stocks of firms that aired likeable Super Bowl commercials. More people purchased these stocks on the days following the Super Bowl.
read more