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Economic Tips For September 2014

Here are another 10 Economic Tips that will give you an excellent idea as to how I perceive the current condition of the U.S. economy.

Phil Mitsch Is The World’s #1 Economic Recovery, Real Estate, Financial And Motivational Trainer.  He Is Also The Real Estate Industry's All Time Top Producing Residential Realtor.  www.PhilMitschForAmerica.com  @PhilMitsch
Phil Mitsch Enterprises

Tip #1
Yes a few Americans are doing well but the majority are not. Since the year 2005, the majority of Americans have seen their incomes decrease and their expenses increase as a result of the birth and continuation of the U.S. economic crisis.

Tip #2
The short and simple answer as to why the U.S. economic crisis started is that record levels of irresponsible, immoral, unethical, excessively greedy and illegal activities by the lending, insurance and investment industries combined with record levels of consumer borrowing between 1998 and 2004 led to record levels of payment delinquencies in all, not just real estate, consumer debt categories.

Tip #3
Record levels of payment delinquencies that started in late 2004 and early 2005 led to the start and continuation of a massive, negative, domino ripple-effect sequence of events that have have brought the U.S. economy to its knees both financially and psychologically because these delinquencies resulted in the 6 fundamentals that the U.S. economy is founded on decreasing for the first time in history.

Tip #4
When the 6 fundamentals of the U.S. economy are decreasing, it is the equivalency of a patient having terminal cancer not a bad cold because it results in economic deterioration very quickly and very badly which is exactly what has happened to the U.S. economy since 2005.

Tip #5
If the government of the United States had been properly overseeing the lending, insurance and investment industries between 1995 and 2004 the U.S. economic crisis could have actually been prevented because record levels of irresponsible, immoral, unethical, excessively greedy and illegal activities by these industries and record levels of consumer borrowing never would have taken place.

Tip #6
The U.S. economic crisis has resulted in America going from a traditional and healthy 90% - 10% economy to an untraditional and very unhealthy 30% - 70% 3economy in less than 10 years. As it continues to deteriorate, which it will, it’s gradually heading to a catastrophic 10% - 90% economy which means only about 10% of Americans will be doing well and 90% will not.

Tip #7
Government economic stimulants likes 1) stimulus checks, 2) low mortgage interest rates, 3) tax cuts, 4) tax credits, 5) printing money, 6) borrowing money, 7) bail-out money and 8) war will not work in a 30% - 70% economy because these stimulants only benefit the few and not the many.

Tip #8
The conceptual problem with the U.S. economy is that all 6 fundamentals it is founded on have substantially decreased since the year 2005. The conceptual solution for U.S. economic recovery is to get all 6 fundamentals substantially increasing again. The 6 fundamentals that I am referring to are 1) consumer disposable income, 2) consumer borrowing, 3) consumer spending, 4) real estate ownership, 5) real estate values and 6) real estate equity.

Tip #9
There are solutions that can get the 6 fundamentals of the U.S. economy increasing starting with consumer disposable income but the problem is government and corporate leadership will not implement them. This means the majority of financially struggling Americans must realize that in order to survive they must save themselves.

Tip #10
There are 7 Steps that financially struggling Americans can take in order to financially and psychologically survive. These steps can be found in my Economic Tips For October 2013 article that appears in the blog section of PhilMitschForAmerica.com and at the National Examiner that also runs my economic, real estate, financial and motivation articles as well.

Remember to look for my Economic Tips For October 2014 article in about four weeks.

Respectfully,

Phil Mitsch

Agents’ Note: Phil Mitsch is the world's #1 economic recovery, real estate, financial and motivation trainer. He is also the real estate industry’s all time, top producing residential resale Realtor, who did not use personal assistants. His 1) biography, 2) testimonials, 3) seminar topics, 4) books, 5) videos, 6) audios, 7) economic recovery tips, 8) real estate tips, 9) financial tips and 10) motivation tips can be found at www.PhilMitschForAmerica.com. His tips can also be found online at www.examiner.com/real-estate-in-national/phil-mitsch and @PhilMitsch on Twitter. For further information, contact Phil Mitsch Enterprises in Cherry Hill, New Jersey at 856-665-6569 or by email to philmitsch@verizon.net.