An ISMAmerica review of the overall economy is revealing that the growth of the economy overall is not so swift. This is in direct contracts with many reports that have been coming out stating that the economy is indeed recovering from the doldrums of what many consider the last U.S. recession. However, with the recent findings in the, the growth that many think is happening rapidly may be happening much slower than expected.
ISMAmerica Review of Economy - Continued Substantial Unemployment
It appears that with every positive jobs report that comes out there are two that are damaging. While the numbers fluctuate as expected, the overall news remains bad. In fact, based on the Nation Labor Department, the jobless rate is holding steady at more than 9%, which is anything but an indication of a strong or booming economic climate.
ISMAmerica Review of Economy - Rough Actual Estate Market
An additional indication of a difficult and slow recovering economy will be the continued issues for the real estate market. Whilst mortgage rates are at all time lows, which is great news, the rate at which individuals are losing their houses is more than sufficient to counteract that good.
Based on RealtyTrac Inc, you will find more and more banks permitting brief sales to go through than ever before. These brief sales are banks actually accepting less than a house is worth so they can clear the properties off their books. So, while some are obtaining fantastic deals on homes, the willingness of banks to shed money is just another instance of a weak economic climate.
Rising Gold Prices
Gold has reached all time highs as far as prices go. While still not at all time highs when adjusted for inflation, the fact that gold is as high as it is shows that many investors are flocking to the precious metal as a safe haven and that doesn't not typically bode well for the dollar or the economy.
Recent National Debt Downgrade
The recent downgrade by S&P of America's debt from AAA to AA+ is the most obvious sign that the American economy is struggling. This news did follow with the Chairman of the Federal Reserve, Ben Bernanke, stating that he would keep interest rates low for the next year or more. However, any further downgrades by S&P or any other credit rating organization could prove disastrous for America's economy.
ISMAmerica Review of Economy - What it all Means for You
A slow moving and slow to recover economy affects everyone; including you. While the findings of the latest ISMAmerica review may not have shocked everyone, everyone still has to be wary as their financial futures depend on the state of the economy and how they react to it.
ISMAmerica Review of Economy - Continued Substantial Unemployment
It appears that with every positive jobs report that comes out there are two that are damaging. While the numbers fluctuate as expected, the overall news remains bad. In fact, based on the Nation Labor Department, the jobless rate is holding steady at more than 9%, which is anything but an indication of a strong or booming economic climate.
ISMAmerica Review of Economy - Rough Actual Estate Market
An additional indication of a difficult and slow recovering economy will be the continued issues for the real estate market. Whilst mortgage rates are at all time lows, which is great news, the rate at which individuals are losing their houses is more than sufficient to counteract that good.
Based on RealtyTrac Inc, you will find more and more banks permitting brief sales to go through than ever before. These brief sales are banks actually accepting less than a house is worth so they can clear the properties off their books. So, while some are obtaining fantastic deals on homes, the willingness of banks to shed money is just another instance of a weak economic climate.
Rising Gold Prices
Gold has reached all time highs as far as prices go. While still not at all time highs when adjusted for inflation, the fact that gold is as high as it is shows that many investors are flocking to the precious metal as a safe haven and that doesn't not typically bode well for the dollar or the economy.
Recent National Debt Downgrade
The recent downgrade by S&P of America's debt from AAA to AA+ is the most obvious sign that the American economy is struggling. This news did follow with the Chairman of the Federal Reserve, Ben Bernanke, stating that he would keep interest rates low for the next year or more. However, any further downgrades by S&P or any other credit rating organization could prove disastrous for America's economy.
ISMAmerica Review of Economy - What it all Means for You
A slow moving and slow to recover economy affects everyone; including you. While the findings of the latest ISMAmerica review may not have shocked everyone, everyone still has to be wary as their financial futures depend on the state of the economy and how they react to it.
About the Author:
Suzanne Glasser is a freelance finance writer specializing in insurance coverage topics. For more info, click on ISMAmerica Reviews.