InvestYoung

Stocks Tumbled!

Today on Wall Street the stocks took a tumble because of tomorrows November employment report. I was reading that economists expect the Labor Department to report the jobless rate went up to around 6.5 to 6.8 percent. Economists also think that their going to report that companies cut about 320,000 jobs. If the report shows over 300,000 jobs cut that will push us to almost 1.5 million job cuts this year so far. That’s a whole lot of people out of work. Hopeful with a new President taking office in January things will start to change. If the Labor report for November is below what economist expected we could see a huge jump on Wall Street. It could very well show that things are starting to get better. But the chance of any go news tomorrow is very slim. We can only hope that go news will come very soon. So keep your fingers crossed for some good news.

Security Systems!

Are you looking for ways to watch over your employees and maybe a few questionable customers? If so I found a site that offers some inexpensive security camera systems. And I can say that because on their site they stated that they have the best prices, guaranteed. Now I understand that you really can’t put a price on safety and protecting your business, so price shouldn’t come into play that much. But if someone were offering me something that would keep my employees and customers safe I would jump on it quick. Protecting everyone in your business from crocks is always a good move in my book. If I feel safe in or around you business I’ll be back. So do the right thing, and make the effort to keep people safe.

U.S. Automakers Meet Again!

The U.S. automakers are ready to submit their restructuring plans to Congress. These plans where demanded by Congress before they would consider giving them the $25 billion bailout money they need to survive in these tough times. I’m still dead on against on given them the bailout money. Most of there problems are because of their greed. They’ve always fault against on having fuel standards for cars and trucks. And they never really wanted to build a more fuel-efficient car. Why do you think other automakers from other countries have sold so many cars in the U.S? These other automakers listen to what the consumer wanted and built it. So now that they’re in trouble there now ready to make the change. I was reading that some of the changes would be more fuel-efficient cars and stop making their unpopular brands. I also read that their also going to cap their executive’s pay, which is a given. And the most important is restructuring their contracts with the United Auto Workers union. If they can’t get these contracts worked out they will be finished. And the UAW union knows this, so they will have no choice but to listen and give in on things like cutting pay and health care. So if they do get the money, which they will Congress should also break the contracts with the UAW unions or force them to cut back. I’m not even sure if this could be done, but it should.

Big Day For Retailers!

Tomorrow is the big day for all retailers. For most retailers these next few weeks will be a make or break for them. For a few retailers already this season never even got of the ground. Some have even already filed for bankruptcy. If you do venture out tomorrow morning you might be surprise how light the traffic will be. There are a lot of people out there that have the money to spend their just too scared to spend. And the reason for being so scared is because they have no idea what’s going to happen over the next year. Another big day for retailers will be Cyber Monday. This day is mostly for online retailers to showcase their deals. One thing online retailers will be giving is free shipping. If you can’t get free shipping shop somewhere else. Anyway, get out and look for those heavy-duty deals, and spend what you can afford. Just by doing your little part could help the economy.

Growing Your Business!

As most of you already know it’s impossible to get a loan for your small business. And it’s not because your credit is poor; it’s because the banks don’t have the money to lend. If you tried the traditional bank loans route it time to take another route. I came across a company that offers business loans and even can handle your Credit card processing services. I was reading on their site that they have a 90 percent merchant loan approval rate. And you don’t need to put up any collateral. What I liked was that they state that you can get approved in 48 hours and get your cash within 5 to 7 business days. So check them out to see if they can help you out.