Spending Rose Less Than Forecast, Price Gains Ease

Things do not look too good when your economists fuddle forecasts.

Economists had forecast a 0.5 percent rise in spending, which accounts for two-thirds of the economy, according to the median of 58 estimates in a Bloomberg News survey. Estimates ranged from gains of 0.3 percent to 0.8 percent.

The yield on U.S. Treasury securities fell and the dollar partially reversed earlier gains. The yield on the benchmark 10- year Treasury note fell to 4.66 percent at 8:55 a.m. in New York from 4.69 percent on April 27.

This can cause bad things to occur. Economic globalization assures that there will be ripple effects felt. This will create other ripple effects that will bounce off and become a new ripple, or a ripple that causes another ripple (etc etc) to come back and affect us.

Reward Yourself With a Vacation

While people are in debt, they continue to enjoy living beyond their financial means. There are two types of living beyond ones means: getting great discounts (thus allowing one to live within ones means, but enjoying the frills of a lifestyle outside ones means) and the second being not getting great discount, and remaining in debt.

Travel is perhaps the most sought after, and expense laden way that people can splurge on and get in debt. All travel expenses are high compared to other forms. However, the domain of hotels is perhaps the easiest area where one can cut costs.

The site hotel reservations is perhaps the best place to look for great deals on hotel rooms, car rentals, flights, and other services one would expect from one of the brand name competitors. It differs from its competition in that it is able to offer much lower discounts on hotels than you can find at popular competitors.

There are more than 70,000 properties available for your consideration on the website. This ranges from hotels to B&B's to condos to all inclusive resorts.

Beyond that, there is a plethora of information available for the inquisitive traveler who might want more than just a room, but wants to book a perfect trip for all to remember in the best light. This is important because if people book trips with less information, then they might not get what they were expecting, good memories. All this is backed by the Hotel Reservations Price Guarantee.

Feel like making a hundred bux? Well, Hotel Reservations offers a rebate coupon that you can easily print. In this way, you are making some extra cash to splurge on a few drinks while you are in your personal paradise, or, you can consider putting that in your savings account for times of need, or to help you get out of debt.

Always remember, that even though the far away places are more appealing, sometimes you can get better deals and have a better time traveling closer to home. The website allows you to find great destinations and fantastic deals just a short drive from wherever you are.

There are just too many good things to write about this website to mention here. So, consider your financial situation. If you have been following this blog for a while, you might just be near the point of being debt free. What better way to reward yourself than taking a vacation and enjoying the frills of high society, at up to seventy percent discount rates from Hotel Reservations.

Crash Coming?

People are claiming that today is too much like back in 1929, before the Great Depression and the stock market collapse. One prudent observer has noticed that many people, like then, are not really paying attention to the significant shifts in how the financial systems work.

People may be conditioned to think that economic events in developing countries pale in significance to economic events in the US, and may fail to see how what happens “way over there” in China would have any significant impact on their economic well-being. But how different the truth really is. I think most people even now after the February 27^th turn of events, fail to grasp why the US stock market sold off so sharply after the Chinese stock market sell off occurred first. The idea that a foreign stock market could dictate what happens in the US stock market almost offends the American sense of national pride (so the event is casually dismissed as “market irrationality”). A word of advice: you better get used to it, as there is much more of that to come. The crash is coming.

While not pleasant to think about, parallels to 1929 exist.

Downturn

If the market is at a peak, then things are looking to turn down. If you own stocks and are in debt, it might be a good time to sell them off.

Consider your own situation. Thinking that being a continuous holder of one stock, even though you are in debt, might have seemed good for the long term when you bought it. You might be wanting to make back whatever you want as part of an overall strategy. Thing is, you should really consider selling even if you have losses because if you do not, it might be to late for you, and you will have even more losses.

Ready for the Ride?

Things at the IMF don't look so great for Mr. Wolfowitz. This is a big blow to this yes man.

This is not the first time that the way the IMF handles things by forcing someone out. Good minds, like Joseph Stiglitz have understood where they stand in the whole scheme of things in this and similar organizations.

Stiglitz left the World Bank upset that the organization did not heed his calls for reform because if the organizations did not reform its policies would crash. They did. He has predicted that the current way that these policies are leading the world, the only end result possible is that of a global economic crash.

Ready for the ride?