Archive for Recession

Kinda Awry

July 18, 2008   Filed Under: Recession   236 words

I remember reading a few months ago that the economy will only get better. Is it a big surprise to me that it is only getting worse? Not really. I kind of expected this. It is really sad, though, all the small businesses (and even big ones likes Pep Boys, PacSun, Starbuck’s, etc.) that are closing down. More and more people are losing their jobs because there just isn’t enough business to support as many workers as before. And what are all these people supposed to do? It is kind of hard to get a job these days.

I know plenty of people are going to want to go back to school right now, but it is probably not the best time. I am sure that if the economy continues to go this way financial aid and the like will be affected. We probably need to save as much money as we can right now because we just really don’t know what’s going to happen. The school I attended for my summer class is starting to charge about 3% of your account balance if you pay by credit card to cover the merchant fees. That’s $3 for every $100, so a person with a 12-credit schedule will pay $40 in additional fees that financial aid will not cover.

Will things just continue to get worse? I hope not, but it already seems like that is what is going to happen.

The Impending Recession

February 4, 2008   Filed Under: Finances, Pet Peeves, Recession   285 words

I have to admit, all these signs of a recession are getting on my nerves. It’s probably caused by me because I haven’t been working…that relates to no spending. If I do spend, it’s not in the right market. It’s all in school, textbooks, and food. The government needs people to waste their money feeding Target and Wal-Mart $500,000/day per store* on junk goodies such as clothes, dishes that will collect dust, lawn items, and other little odds and ends.

Today I received the third e-mail from HSBC in the past two weeks telling me that the Federal Reserve has dropped rates, and therefore my Online Savings Account rate has been dropped again. It’s at 3.55% (8x the national average supposedly), which isn’t bad, but I just have about $20 in there now, so the more cents I earn per month, the better. And instead the amount is going down. It dropped 0.25% since January 29th. I’m getting pissed off at the Federal Reserve.

I’m typing this from Safari, which I’ve been loving since I downloaded it earlier today. Thanks to Angela for letting me know that they have a beta version available for Windows users! Firefox was getting on my nerves. And Safari is faster anyways, so I figured I might as well use something that I won’t get mad at. Apparently utilities like Firefox and Cutenews can’t keep up with their user’s demands. I couldn’t live with either though, I had to upgrade!

* The Target I worked at in 2005-2006 made around that much per day during the holiday season.

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