7,200 Target for the Dow!

If credit markets continue to slap the US economy in the face like this, I’m thinking we might go further bellow the 7,200 long standing target for the DOW!

photo credit: nosha

Since Wall Street starting talking about how the Fed and the Government could intervene and bail out financial institutions, things have gone down hill! I would not be surprised the market went further south.

The unemployment rate has shot up and I’m not exactly seeing an end in site. I’m guessing the street is starting to get the picture that we are in a worse circumstance than originally thought!

Now the street is talking about the Fed going bellow 1% on the discount window for the first time in US history!? I’m starting to think the Fed is running out of ideas here. When they start to cool it with the free gimmes we might actually start to see an expansionary period!

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Spendster.org; The Human Element!

If there is anything more importantly needed in today’s completion driven society, its unity. Spendster.org provides a place for all of us to be human again! Through today’s economic hardships, it seems that Spendster.org has stirred something big with this viable and necessary method of educating the masses of their spending behaviors! I think of it as a solution to today’s would-have-been depression! Even though there are massive efforts to prevent a total collapse of the financial system, we all have one thing in common in what could have been a depression far greater than the one the US has experience before…our consumer driven habits! Bellow is what I think might be a common conversation between people if a recession followed by a depression might have taken place if indeed they don’t take place.

Scenario:

Tom:” I can’t believe how this great nation went from being the greatest manufacturing country in the world to a purely consumer driven economy!”

Jim: “Yeah, perhaps buying things I could not afford might not have been such a great idea after all, who knew something like this would happen to the greatest nation on the planet? Lesson learned!”

If there is one thing that differs today than in the early mid 30’s is the sense of needing to save money and be frugal! Today, there are reportedly thousands of suicide attempts that are cause by some sort of financial stress inflicted circumstance. Spendster.org has formed a great community of folks trying to encourage others not to make the same mistakes with our spending habits, keep our heads on straight and start looking for ways to create wealth. In the end, what good does a pair of Gucci glasses or a pair of very expensive clothing get you? Personally, I don’t want to gain the whole world’s recognition and loose my soul! I’m not about to become a slave to the creditor! Take the proactive step in checking out this site, it might be the best thing you’ve ever done!

A Bit of Humor: I found these lyrics and have changed them a bit; I think you’ll get a kick out of em’.

A Pair of Gucci Shades, Three hunid’ dollas!

A pair of Dolce&Gabbana Jeans, Five hunid’ dollas!

Making the [corporate] man rich, priceless!

Taking a statistic from Rich Dad, Poor Dad, it seems that 90% of Americans need to start doing what the 10% of Wealthy Americans are doing…Investing their money or forming businesses! Just an after thought!

Respectfully,

Tony Tovar

MoolahBlog.com

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Is Gas Mileage that Important?

Gas Mileage really that important? Heck yeah it is! So I’ve recently decided to take a look at ways to make my life less of hassle when it comes to fuel efficiency and I came across this very interesting site that had a lot of 2008 honda civic reviews. After reviewing most of the Honda vehicle, I’ve come to the conclusion that these cars are more than just gas savers, they are powerful and beautifully designed works of art!

photo credit: billaday

My interest for purchasing a vehicle came up a few months ago when I started to think about what I was going to do after college and so choosing the right 1^st car is the most important step right? Well, from the looks of it, I like the new 2008 Honda Civic Hybrid which currently ranks 3 out of 35 Affordable small cars! Not only does it have a brilliant futuristic design, a high quality cabin, and it super super safe! Although I’ve heard that on the highway this baby isn’t exactly as greatest, I still stand firmly on the idea of getting a hybrid to ease my reluctance to pay so much at the pump! With this baby, I can spend the same amount of money as my father spends on his SUV and I’d still be running on the same tank of gas purchased two weeks ago!

The Civic Hybrid doesn’t run purely on electric methods. Its gasoline-electric power machine still yields 40-50 miles per gallon and is a nice drive too! If you are like me and enjoy doing your part for the environment, get a Civic! When test driving it, one of the things that impressed me the most was the fact that it did not jolt much when shifting gears! Gosh, you don’t understand how important that can be when you can get a little car sick from the jolts!

Without a doubt, the 2008 Honda Civic rocks! Thank God for the reviews I found online, I could not have made my first move in the right direction without that!

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I’m nervous about the economy!

Now I know why they added the color grey to the great depression pictures! lol

photo credit: pingnews.com

So, if you are like me and nervous about this bill that is to pass tomorrow, then its porbably because you’ve heard that this “Business Stimulus Package” really isn’t going to solve the big problem! Will companies take riskier chances in their business practices thinking that the government will bail them out? Is this just a way for the Federal Reserve to blind us from seeing what truley is going on in the background? I’ve heard that the Federal Reserve could possibly purchase more US securities after this. What does that mean? I means that they still plan to put more money into the market and dilute the dollar. And what does that mean? It means that for the average american, commodities like food/groceries/gass and such will rise in price!

Any thought on this from anyone out there?

Tony

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