Here are 10 Tips that will significantly help you and give you greater insight into how I view the world of economics.
America’s second great depression, not recession from my point of view, started in the year 2005 because all 6 Fundamentals that the U.S. economy are founded on have been decreasing since then for the first time in history. When all 6 Fundamentals of the U.S. economy, or any nation for that matter, are decreasing its economy will deteriorate very badly because it is the equivalent of a patient having terminal cancer. However, when all 6 Fundamentals of a nation’s economy are increasing its economy will grow and prosper. There really are solutions for U.S economic recovery, as well as global economic recovery. But, because America and most nations are in their worst economic climate in history, these solutions must now be radical and extreme. The question is will governments and corporations world-wide implement these solutions or will the consumers of each nation be forced to implement them on their own in order to financially and psychologically survive. Now, what exactly are these 6 Fundamentals?
The 1st Fundamental of a nation’s economy is consumer disposable income.
The 2nd Fundamental of a nation’s economy is consumer borrowing.
The 3rd Fundamental of a nation’s economy is consumer spending.
The 4th Fundamental of a nation’s economy is real estate ownership.
The 5th Fundamental of a nation’s economy is real estate values.
The 6th Fundamental of a nation’s economy is real estate equity.
No nation’s economy should be judged on how the minority are doing. It should always be judged on how the majority are doing.
Since 2005, the majority of consumers world-wide have seen a substantial decrease in their disposable income due to decreasing incomes and increasing expenses. This is a perfect storm formula for massive global economic deterioration.
U.S employment is well over 20% and growing. The government’s sugar-coated formula of approximately 7% is deliberately designed to make employment figures look much better than what they actually are. There are millions of unemployed Americans that are not included in the governments employment figures, which from my point of view, is irresponsible, immoral and unethical on their part.
Remember to look for my “Economic Tips For January 2014” article in about four weeks.
Agents’ Note: Phil Mitsch is America’s leading economic recovery, real estate, lending and motivational coach. He is also the real estate industry’s all time, top producing residential Realtor. His 1) biography, 2) testimonials, 3) seminar topics, 4) books, 5) videos, 6) audios, 7) economic recovery tips, 8) real estate tips, 9) lending tips and 10) motivational tips can be found at www.PhilMitschForAmerica.com. For further information, contact Phil Mitsch Enterprises in Cherry Hill, New Jersey at 856-665-6569, on Twitter at @philmitsch, or by email to email@example.com.