debt ceiling

Financial Fears

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It's been five years since the economy began its downward spiral; but some people aren't so quick to forget.

Since the collapse of U.S. investment bank Lehman Brothers families across the world live in fear of a relapse. So they're hoarding money selling assets all in an effort to pad their nest egg. Problem is; the more people protect themselves the more they endanger the global economy.

An Associated Press analysis of households in the ten biggest economies show that families have pulled hundreds of billions of dollars out of stocks, stopped borrowing and are investing money into savings and bonds. Things with interest rates too low to keep up with inflation.  read more »

Government Vs. Business

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If you ran your business the way the government runs theirs; you'd be out of business.

When the government shut down on Tuesday it telegraphed a complete breakdown in leadership, communications and teamwork. The lack of strong leadership in Congress let a small minority frustrate the will of the majority.

In business you could get fired for not going with the majority after the vote was taken. And because so many members of Congress have so many hidden agenda's communicating a simple message to the public is impossible. Successful businesses are able to communicate messages that grab customers. Then there is teamwork, the backbone of business. In Congress it is all about getting re-elected.  read more »

Richer Than America

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Are you in need of a loan? Since Uncle Sam is a little cash strapped these days; maybe it’s time to consider Uncle Steve.

For months Washington has publicly struggled to agree on a debt ceiling. And even though they’ve managed to hammer out a deal, the country is far from financial stability. So the next time you need to borrow a few bucks, consider the company who right now is worth more than the federal government.

According to Apple’s financial records the company has more cash on hand then America does. Their last quarterly report said Apple has $76.4 billion of reserve cash. The Treasury Department on the other hand, is sitting on just $73.7 billion.  read more »