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Credit Repair Secrets
This article will examine the psychological effects the bad new about credit downgrades has on the economy.
FOR IMMEDIATE RELEASE
(Free-Press-Release.com) August 10, 2011 --
Capital Credit Advisor
www.capitalcreditadvisor.com
Author: Samuel Bennett
The past few days have been physiological terra for most Americans, especially those who are invested in the stock market. The media bombarded us with news of a credit down grade first by China, and then by Standard & Poor's. This cause severe volatility in the markets and everyone thought it was judgment day, or judgment week. If I were to equate all this bad news to a doctor's visit, I would probably start writing a will, LOL. All the super educated financial scholars can't dig us out of this hole we dug for ourselves. I know that we owe China a ton of money, but we are also their biggest customer when it comes to importing their goods. The only reason I could think of why they downgraded our credit rating with them was so that they could raise the interest rates on the money we owe them. This is lesson that we need to manufacture more products in the United States, I don't think we should alienate our friends in China, but we can learn from them in that they clearly have no problems doing whets in the best interest for themselves.
Because of my memory I consider myself an independent seeing that both political entities make some decent points. You have people including politicians with short term memory that think one person is responsible for the debt, let's not forgot that we have never voted a President into office who was a economist, now the people who they take advice from should be scrutinized, but certain topics are way above my pay scale. The focus of both parties should be job creation and not saving their own jobs. I know things are cozy and the rugs are thick and plush, but if the majority of the people aren’t happy with no jobs, those perks may not exist, you really can’t get to far when a few elite control the wealth and everybody else are on subsidized programs. Please visit www.capitalcreditadvisor.com if you need help repairing you own credit.
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