In the old days, it could cost upwards of $10,000 to $20,000 just to create the custom molds and dies required to produce an item in a factory.
Climbing the New Career Ladder in the Great Recession
In prior posts, we have covered the massive restructuring occurring in our economy. We have recognized that millions of traditional jobs are gone, and not likely to return.
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Finding a New Career in the Great Recession
I recently saw the Great Depression film "The Grapes of Wrath," and while I had seen it before, this time I was reminded of what's going on in employment today.
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Today, after years of automating and streamlining processes, we're seeing virtually every career in every industry under pressure. Consider the following report by CBS News:
Suggestions for Investing during the Great Recession
While homes were one of the first classes of property to enter deflation, Small Businesses and Commercial Real Estate are now deflating as well.
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In 1926, three years before the Great Depression, a Russian economist wrote a paper titled "Long Waves in Economic Life." He was one of the first to observe that capitalistic economies undergo decades-long cycles of inflation, followed by deflation.
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We all know inflation. We've been living with it for as long as anyone can remember. Slightly higher wages, paying for slightly higher expenses, demanding slightly higher wages. Those that did better, had wages growing faster than expenses. Those that did worse, didn't.
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