Billy doesn’t have a pleasant outlook on the United States financial future saying at a Harvard Business School speaking event that we will experience a ’significant recession’ and 9% unemployment sometime in the future.
Higher personal and governmental debt are contributing to the U.S. economic slowdown, Gates said today in comments at Harvard Business School in Boston. The U.S. unemployment rate climbed to 6.1 percent in August and stayed at that level in September.
I hope there isn’t any need to point out the irony of his speaking venue, but when one of the richest men in the world speaks, you listen.
“….and Windows7 will be delivered on schedule.”
Expect a very good Economy in 7 months!
Falling home values, rising unemployment, declining confidence among consumers and businesses and, lately, a swooning stock market…all these will change in another 7 months.
This is the prediction by a team of Scholars in Astrology. According to them, the world, especially the USA will have a better economy within 7 months. Signals of better changes will be visible by December 21 2008, and good results will be seen from that date. However, individuals should have a systematic planning to overcome this crisis period.
I addition to other advices already given I strongly recommend to plan your finances professionally. Books like, Act Now…Tomorrow may be too late by James Walker, Published by http://www.JTSbooks.com, Financial Shock: A 360º Look at the Subprime Mortgage Implosion, and How to Avoid the Next Financial Crisis by Mark Zandi, published by http://www.Amazon.com, The Dollar Crisis : Causes, Consquences, Curesby Richard Duncan published by Barnes&Noble are MUST READS.
My view is that the low interest rate of developed countries ie;3% or below is not sustenable.Why developing countries like us RSA(SOUTH AFRICA) & others are not experiencing that economic bail out seriously,because how much are our interest rate?+-20%.
My view is that the low interest rate of developed countries ie;3% or below is not sustenable.Why developing countries like us RSA(SOUTH AFRICA) & others are not experiencing that economic bail out seriously,because how much are our interest rate?+-20%.
Now’s the opportune timefor one who has spare liquidity to invest in ‘blue chip’ stocks; to take advantage of the lower prices.
I would invest in whatever Buffett and Gates are snatching up.
Puf,i dont worry about bill he’s secured for 10 more crisis :D
“Amazon.com Inc is trying to survive the economic crisis”.
It looks like not only major financial companies are trying prevent themselves from going down while financial crisis is showing its power, but also Amazon.com looks like showing all the signs that deep recession or may be early depression is on its way.
Sellers on Amazon.com are frustrated because every action leads to suspension of their accounts on Amazon. And what’s even worth, sellers find out that their money are reserved by Amazon for 90 days without any right to get them back for that period of time. Every Amazon policy is written in the way that leads to suspension of your account without any serious reason. Amazon blocks sellers accounts and reserves thousands or may be millions of dollars for 90 days without any valid reason. For example, a statement like: “You have 5% of your orders cancelled or refunded, and we suspend your account because of your low selling performance”, looks suspicious to me. Don’t the buyers have the right to cancel the order? Or we cannot cancel or refund the order just because Amazon doesn’t want it? Or maybe it wants us to do so in order to block our accounts and hold the money?
It looks like a good way for the company like Amazon to loan money without any interest in this tough economic situation. Do you think Amazon is trying to boost up its bottom line by reserving people’s money? Good strategy but looks quite fraudulent.
The government really needs to check Amazon’s activities. Companies have no right to reserve people’s money for such a long period of time (90 days) or have no right at all. According to Amazon the reason why they reserve your money on their account is that in case if there are any claims from the buyers they will give their money back. Don’t they have 30 day return policy? So what about the rest 60 days?
The rest 60 days is enough for Amazon to invest your funds and make money or probably just cover their losses. Can you imagine what they can do with your money during 90 day period? They can invest many times in inventory or many other things and make it look like a healthy company. But there is no place on their financial statements that shows that this or that amount of money is the actual amount that was reserved (taken) from the sellers without their permission. I think they should be forced to have a section on their 10-K reports showing the amount of money (cash) that is a reserve amount that belongs to sellers on Amazon. Otherwise it makes their financials look good and their potential stock buyers are fooled.
I think their shareholders have the right to know what is going on inside the company. They just cannot continue boosting their earnings by taking people’s money without any permission.
Amazon’s “service” that allows others to sell on their website have to be terminated or BLOCKED, like they call it. Because what they are doing it is far from being ethical. I think this company is doomed to be exposed one day like any other company with practices like that.