Technorati Tags: money glitch

During the 80’s and 90’s when recessions occurred our government was able to give the economy a shot of what appeared to be “free money” and to get consumers spending again. Since, those recessions occurred when most believed that money was plentiful and credit card debt was cool; it did not take must incentive or stimulus to get consumers to spend money.   However, this recession differs due to the greed and bad management among our financial industries which literally caused a negative money glitch to take place.  Many consumers watched their life savings disappear and or be stolen right out from under their noses without having any recourse of recapturing those funds back quickly.  Debt has become a dirty word and even if consumers wanted to risk going into debt now the banks are not lending money.  

The Federal Reserve issued a report this week revealing that credit lending decreased by $21.6 billion for the month of July alone.  Revolving credit fell by $6.2 billion while non-revolving credit (cars and student loans) dropped by $15.4 billion.  Economists are saying that this is the longest successive decline since 1991and it is five times larger than they originally predicted.  Many people are unemployed or underemployed and don’t qualify for loans, while individuals that are working are stressed and overly cautious because of job insecurity.  

Some economists have theorized that the recession has ended, however the road to recovery will be a longer progression than predicted because two-thirds of the U.S. economic activity is generated through consumer spending.  The Cash for Clunkers program appears to have provided temporary stimuli to the auto industry; however, the big bang that usually occurs during the back-to-school season did not happen this year.  And if unemployment continues to rise higher over the next few months, holiday sales will most likely be a lot smaller than last year; thereby, creating yet another blow to our slowed economy.

Based on these facts alone, I’m sure you will agree that consumers will not be spending our way out of this money glitch recession.  Until American consumers regain that security of knowing that we do indeed live in “the land of plenty” with jobs for everyone who desires one the recovery process will to continue to drag.  This is unfortunate because companies will not be hiring if consumers are not making purchases and the recessional rotation will continue. So how does one provide incentive to consumers whose average net worth has plunged downward by almost 22% since 2007? 

The answer to the problem is quite simple just start creating positive money glitch situations.  On the other hand, to get everyone to cooperate is the real challenge because it requires faith to go against the “norm.”  Consumers will make purchases on items that are actually for sale at discounted price.  During a recession consumers become very “conscious” of over-priced items. Retailers cannot mark-up products and then mark-down to the regular price and call it a sale.

 Consumers have become very smart and frugal with their overall spending and will only respond to great deals.  Manufacturers and retailers should offer a true 20% discount and watch consumer spending increase.  Conversely, this concept will be examined and discussed in further detail in a later article; for now let’s end this week with a quote by Suze Orman, “Money has no power if its own.  You alone are the power source.”

Directory Storm Directory

Technorati Tags: recession money glitch

Almost a year later Americans are still scratching their heads and wondering who is providing accurate information and if that information can be trusted. One thing that makes this a money glitch recession is how events occur from sparks of unpredictable energy that leaves consumers feeling vulnerable. A few weeks ago the BLS announces that it looked like the economy was turning around because unemployment did not go as high as expected, the next week there was information on where to find jobs, but yet unemployment was high in many of those cities. Regardless, the stock market begins to rise providing yet another indication that perhaps the country is near a comeback.   

Now this week on the Friday before what’s supposed to be a long relaxing weekend, the news media provides us with more contradictory data to process. For example:

Only 216,000 jobs lost for the month of August which is good because it is the smallest drop this year.  However, the unemployment rate rose to its highest point since 1983 of 9.7 percent.  Geez, what happened to the unexpected drop from the month of July? When you look at those that lost their jobs along with the underemployed rate (which includes part time workers wanting full-time positions) the unemployment rate reportedly is actually 16.8 percent.  Some reports indicate the job market is improving, but it is very fragile.  However, since December 2007 there have been 6.9 million jobs eliminated due to our recessional money glitch.

Mixed signals during a strong economy mostly likely would be ignored however, when those mixed signals affects whether or not there is a foundation (jobs) established within the marketplace people respond differently.  During a money glitch recession hiccups of energy (such as sensationalized bad news) cause more glitches within the already weak foundation and will start to stymie the wealth of our nation.  Confusion among consumers at this point definitely will not generate spending nor create the needed jobs.  Consequently, consumer lag makes it more difficult for our industries to rebound quickly and generate more income to rehire workers.

Although the news of this money glitch recession is unpredictable, confusing, and often somewhat frightful; it becomes important for one to focus and put energy into the things that one can control. Whether you are gainfully employed, unemployed, or underemployed here are some important points to remember:

• The world can only value you as much as you value yourself
• What you are worth has nothing to do with your present state of being
• You are “somebody” important and no one can take that away from you
• Protect your mind and avoid partaking in the ole saying “junk in – junk out”
• Envision yourself the way you want to be in the future, as if it happened today
• Overcome mental slavery of oppression and lack via positive thoughts and actions
• Know that you are worthy of success and that you are a winner

Have a great weekend everyone and remember “Tough times never last, but tough people do” – Robert H. Schuller.

Technorati Tags: money glitch recession

Even with the gloomy economic reports and the uninviting job outlook; there still tends to be rays of hope that are beginning to shine through on a weekly bases.   Last week despite being in a recession money glitch the Bureau of Labor Statistics (BLS) announced the good news that the unemployment rate was less than what it was projected for the month of July. 

This week, we found an article that outlines counties located all over the U.S. that according to the BLS has continued to experience job and wage growth since the end of last year.  This article spurred an unorthodox debate of how our office might address the information that is being provided by the BLS.  For instance, should David L. who we presented a few weeks ago, pack his bags and move without a job based on the fact that Houston was one of the cities mentioned in the article?  We think this question remains unpredictable unless he has income to sustain his family for a while.

During this discussion one author stated, “If only there were positive money glitch instructors for finding these jobs like the Shaun White money glitch game instructors.”  As you may know, a money glitch game instructor will tell you that in order to get the extra money from the Shaun White snowboarding game; one will need to ride solo, and then go to Japan and not the other three locations listed for the game.  From there the individual will need to press the back button to view the map and press the left trigger to go all the way up to the ski lift and press “A” to get on top of the mountain to proceed from there.  O.k. gamers for additional information enjoy this link to Shaun White $1M.

Unfortunately, we don’t have a money glitch instructor that can provide job seekers instructions as to which city to choose to generate extra income during this recession money glitch.  As a matter of fact, many of you living within the vicinity of these counties may start scratching your heads in wonderment of how you could be living in a particular county and not know of the opportunities to find such employment.  Well, in all honesty that will perhaps that will remain a mystery.  Nevertheless, according to Dona DeZube, a Monster Finance Careers Expert, the BLS’ list of the 335 largest US counties by employment reflects there are counties that have rising wages and job growth.   As follows are 10 states with their listed counties:

• Alaska: Anchorage
• Illinois: Peoria
• Iowa: Linn
• Kansas: Sedgwick, Shawnee and Wyandotte
• Louisiana: Calcasieu, East Baton Rouge, Lafayette and Orleans
• New York: Kings
• North Carolina: Cumberland
• North Dakota: Cass
• Oklahoma: Oklahoma
• Pennsylvania: Butler and Washington

For additional states and counties, including Texas, and more detailed information concerning wage projections for 2010, please see Dona DeZube’s article The Best Cities for Getting a Pay Raise.  Have a great weekend everyone, and remember that whether in playing games or winning in real life, “Attitude is a little thing that makes a big difference,” – Winston Churchill.

Technorati Tags: money glitch, recession money glitch

O.k. so far on this blog we have provided you with examples of money glitches some positive but most of them negative. Over the last two weeks, in addition, to the articles that addressed corporations making profits during these recessive times; we’ve taken a look at individuals that have found themselves in money glitch situations despite of being proactive in pursuing goals and dreams.

So, let’s switch gears and end this week on a positive note. Although, we find ourselves in a recession money glitch today, does not mean that we should just through our hands up and allow ourselves to be defeated.   Nor should we ignore our situation by entertaining the blame game that Jamie Foxx, T-Pain, and the others sing about in the Blame It song.  Gen Yers’ are familiar with Jamie’s song, “Blame it on the a-a-a-a-a-a-a-alcohol.” It’s a great party dance song that describes how if you don’t take control of your actions you may find yourself in certain given situations.

Now we realize that some people may have heard this song and feel that is has a negative influence on others; comparable to how some may be feeling that this recession money glitch has impacted lives and negatively influenced them forever.  However, we asked that you attempt to be unbiased when it comes to both.  One day while surfing on the internet we found Daniel D.  A young man, who loves the violin and obviously likes the Blame It song like we do; but check out what he has done with the song.

So, let us introduce you to Jamie Foxx- Blame It (On The Alcohol) Feat. T-Pain Performed by Daniel D as we start this weekend.  We think you will agree, Daniel reveals that in spite of the lyrics playing around us; we can play our own tune to create an accolade that gives us joy in the moment. Only you can choose what song plays and how it sounds within your head. 

Daniel D is a great example of how Americans can take what some may view as a negative song and change the tune into the beautiful symphony that is within the music.  We believe the same can be done for coming up with a system that will enable our present negative money glitch situations to catapult into positive outcomes.  So relax, have a great weekend everyone; enjoy the journey and the music!

Jamie Foxx- Blame It (On The Alcohol) Feat. T-Pain Performed by Daniel D

Technorati Tags: money glitches, recession money glitch

In our article a few days ago we established that at times a money glitch can occur and have both a positive and negative outcome.  We provided an example of how downsizing and or mergers often render more income to corporations while rendering less income to its employees.  Our article also revealed that a little over a week ago the Department of Labor announced that productivity figures for the second quarter showed that the American workforce produced 6.4 percent more goods and services in this second quarter than last year’s figures although millions are out of work.  This has definitely been a much needed positive money glitch to the corporations that received this increased productivity. 

Based on our battery example provided in part one of this article, one can say the increased productivity was positive for corporations and negative for its employees.  Yes, many corporations will be able to report making an unexpected profit within the second quarter of this year. While many of its employees are working more hours, with more duties, and many have taken a pay cut.  We are sure any corporate owner reading this article is saying, “Everyone working should just be happy to have a job in these times.”  And we agree however, we challenge you to think a little outside the box. 

Remember that as corporations are struggling to make more money, many of its employees are still losing their homes.  We challenge you that as your productivity and profits increase that you share just a little wealth with the employees that you’re working twice as hard as last year or laid off.  With so many Americans out of work; now is not the time for corporations to hoard funds by attempting to accumulate wealth for a rainy day.  Let’s face it the floods came when the recession money glitch hit us last year.  Now is the time when everyone is going to have to give in order to get something back.  The products and services that you are making profits from cannot be purchased on meager wages and millions of workers without jobs. 

As Maya Angelou, so fluently states, “I’ve learned that you shouldn’t go through life with a catcher’s mitt on both hands; you need to be able to throw something back.” Those corporations choosing not to give back is contributing to the glass of salty water discussed in the part one of this article. Such actions will continue not to dilute the water, but cause the water to become more salty. So we challenge every corporation that made an unexpected profit to take a portion of that profit and rehire some of the people you laid off.  Help to put America back in a prosperous state and pass our negative money glitch, by reaching out to help another fellow American.  Due to the fact that high productivity and profits only last as long as there is a demand and demand can only be generated by Americans that are secure enough to transact spending.

Technorati Tags: money glitch, recession money glitch

At times it is difficult to decipher whether a money glitch that occurs is positive or negative. In many instances it can be both, similar to a battery being positive on one end and negative on the opposite end. As you know for the last ten years or so, the “in-thing to do” has been for corporate America to downsize employees as a means of cutting lavish spending rather than stakeholders monitoring the expensive taste that many CEOs have developed. This downsizing/merging usually means that if a department is eliminated from the budget then it will become another department’s responsibility to absorb that work and keep the business flowing as usual. We think you will agree that this is a positive money glitch for the corporation (less money being spent on salaries) and a negative money glitch for the employees (that now find themselves without jobs).

Ten years ago, when this seesaw effect repeatedly began employees were a little disgruntle maybe, however with adjustments they were able to take on the workload of the job positions that were eliminated. A good analogy of this would be that if one places a few grains of salt in water one will not notice a drastic difference in taste. However, imagine placing a few grains of salt in the water consistently every month for ten years. Eventually, one will have salt water instead of the good drinking water from the beginning. The same thing happens when a money glitch is too positive or too negative. Note, that this thought will be examined further in part two of this article.

But, for now many Americans are saying they are happy to have a job during this recession money glitch. We agree that by all rights you should have gratitude for being employed when so many others are not. However, if you’re grateful, yet feeling that you are overworked and under paid; chances are that you are absolutely correct. The Labor Department has issued its productivity figures for the second quarter a week ago. Those figures show that our present workforce produced 6.4 percent more goods and services in the second quarter this year than this time last year. So who do you think received the positive money glitch from this increased productivity? We will take a more in dept look at this example in our next issue…

Technorati Tags: money glitch, recession money glitch

Merether Trice was a quality assurance analyst/project tester at AIG when her position after nine years was eliminated in August 2008.  Downsizing in the Houston, TX division started occurring in 2005, however, Ms. Trice’s versatile ability and knowledge of numerous jobs enabled her to avoid departmental closings three times.  She started graduate studies during that time, completing an M.B.A. with an emphasis in Accounting from the University of Phoenix in July 2009.

Having worked previously in an environment that resulted in downsizing and a plant closing; she vowed to make herself as marketable as possible for the future.  In 2002 after working with AIG for three years, she returned to school and completed a B.S.B with an accounting emphasis in 2005.  Versatile skill-sets, a winning attitude, and proactive career builders insured that if an unpredictable job loss did occur she was prepared. Shortly after the downsizing began, she realized that perhaps a graduate degree would assist in becoming more marketable in order to propel quickly to another job if it became necessary to avoid a money glitch situation.  So while some tucked their heads in the sand hoping that it would just go away, choosing not to believe and or praying against the inevitable job losses.  Ms. Trice chose to become like the duck in the pond that appears to be swimming smoothly above the water, but paddling like crazy beneath the stream, working harder to accomplish that piece of the American dream. Confidence within her abilities to succeed along with a high expectation of winning motivated Ms. Trice to work long hours and continue the pursuit of her education.

Prior to the recession money glitch, one might think that being chosen to be a part of a special project that saves a company millions of dollars while pursuing a graduate degree would mean job security.   Just as one would hope that possessing a conversant skill-set, loyal tenure, and continued education would increase one’s value to an employer during the ‘90s. Unfortunately, many Gen Xers are finding themselves starting over along with the Gen Ys after this financial crisis. And many like Ms. Trice are finding themselves at the end of a long journey questioning what happened; and debating whether or not it was worth all the effort, the long lonely nights of burning the midnight oil till 3 o’clock in the morning, all the missed family and friends’ gatherings, and the other important sacrifices.  The winning, optimistic part of with her soul answers loudly, “Yes, it was worth it all and you will win in spite of these economic downtimes and this present money glitch.”

Have you had a similar experience of a recession money glitch?  What are your beliefs as the unemployment rate continues to rise?

Technorati Tags: money glitch