The effects of the housing crisis of 2007 and 2008 are still being felt today. This crisis caused considerable economic turmoil on a global basis that caused stock prices to plummet, retirement account balances to devalue to dangerously low levels, companies to slash jobs and more. Ultimately, the housing crisis was a major catalyst in the worst recession the world has experienced since the Great Depression that spanned from 1929 through to the beginning of World War II. Understanding the causes of this crisis can help individuals and leaders alike to prevent such a calamitous event from happening again in the (Read More....)
. . . → Read More: Learning From the Past: The Main Reasons Behind the Housing Crisis of 2007-2008
Authored By Stacey Thompson
Superstorm Sandy couldn’t have picked a worse time for it to happen. Our country is still on its way to recovering from the worst financial crisis since the Great Depression, and at this juncture, we as a country are still deciding whether to keep the same president onboard, or bestow the great responsibility of leading the country to another individual. Purse strings are tight, well-paying jobs are hard to come by, and many dread the future of our way of life. The world is changing faster than ever, in some ways for the better, but in others for the worse.
There was a time that people trusted banks and other financial institutions. That doesn’t seem (Read More....)
. . . → Read More: Financial Readiness for Crises and Calamities