This blog was created with the sole purpose of transferring information to and from web communities where it is deemed valuable in Niche terms as opposed to unimportant in general circle of conversation.
Saturday, September 11, 2010
Info Piece #1000 - Credit
Here shortly within the next few months a series of laws will pass in congress that everyone hopes will convince the banks to start back lending money, thus easing the credit tension most of us suffer under right today. I truly hope this will have a ripple effect on the rest of the economy as a buyers market can hopefully turn back into a seller dominated market. In a buyers market goods and services are often over produced thus bringing down the pricing index. Whereas the sellers market is solely price dictated severely scaling back production and placing much more emphasis on selection and quality as opposed to quantity dictated buyer's market. The very first thing we all must do in order to remain a relative player in the game is to have credit. We need to be able to spend beyond or capable means in order to stretch the fabric of the economy. This not only entails personal credit but also business credit. Somehow we Americans must somehow begin to take back control of this country with the network of small businesses. The same small businesses that supplemented us as a nation for hundreds of years.