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Differentiating Between Recession and Expansion Using Income Levels Approach
Recession is often defined as a state of the economy when the gross domestic product is very low. There is a need for income earners to be able to tell the difference between recession and expansion by watching the levels of their personal incomes. Some widely-embraced market indicators are very deceiving.
Senate Has High Hopes For the Stimulus Bill – Foreclosure Crisis and ObamaThe Senate plans to lower mortgage rates, increase home buyer credit and suspend foreclosures as part of the stimulus bill, and Obama gears up for his housing proposals. Both parties want to put an end to the foreclosure crisis.
