March 05, 2009

Shop-till-you-drop Americans have fueled the world’s economic engine for decades. But the deflating housing bubble has dropped home sales by 31% and housing prices by 25% in two short years, leaving the home equity credit well tapped dry.

With consumers losing access to credit and incomes being threatened by rising unemployment, the spending spree has come to an end. As a result, retail sales have fallen 11% since June, GDP contracted by 6.4% in the fourth quarter, and consumer confidence is the lowest on record. The economy is barely running on fumes, and Washington has now become the “spender of last resort.”

As the economy spirals downward in search for a bottom, it’s critical to have a sound understanding of the world around you. Whether it’s getting positioned early in the emerging trends or finding the opportunity that lies in every crisis, The Casey Report is an essential source for everyone planning their financial future in the current crisis environment. Don’t wait for Washington to bail you out. Start investing ahead of the crowd with The Casey Report by clicking here.

 
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