Finance Globe

U.S. financial and economic topics from several finance writers.

Government Financial Assistance for Businesses and Individuals

government-stimulus-check
The US government is making unprecedented moves to help individuals and businesses during this COVID-19 crisis. Like myself, I am sure you are feeling the effects as our daily life is very different. I know many people are suffering and many businesses are shut down for the foreseeable future. On somewhat of a positive note, the government is trying to scramble and offer assistance for the individuals and businesses that are most effected. Below is a...
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What To Do If You Are Laid Off?

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Unfortunately, there have been mass furloughs and layoffs over the past 30-60 days due to the COVID-19 pandemic. Many people are out of work and do not know when they are going to go back to work. If you have recently been laid off, there are a few steps I would recommend for you to take. I hope you are able to find another job quickly and I hope with COVID-19 pandemic goes away at some...
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Wanderer
There is an added item that was written up a few days ago in the credit circles. The item has to do with the lender forgiving pay... Read More
Sunday, 03 May 2020 02:55
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Outlook on U.S. Economy

economy-coronavirus
The U.S. economy is facing a significant economic recession likely one that is truly unique and not like other recessions we have ever seen before. There is little doubt that we are already in a recession because of the coronavirus pandemic, with many businesses shut down, and many Americans are staying home. It is difficult to say when the bottom will occur and how long it will take to climb bank. However, I have gathered a...
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Wanderer
Good read! Does not lay out a positive future at this time and likely is on the mark. Disappointing. Hard to believe one item in l... Read More
Sunday, 03 May 2020 02:48
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April Stock Performance

market-volatility
I will not begin to predict or even fully understand the recent ups and downs of the U.S stock market. However, given all the volatility recently, I thought it would be helpful to provide a high-level summary of the U.S. stock market performance each month. Below is a high-level summary for the month of April. The Dow and S&P 500 posted their best month of performance since the 1980s. Optimism has been driven by hopes that many...
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What is the Difference Between a Bear Market and a Bull Market

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I am sure everyone is watching the stock market very closely. As you hear a lot of terms out there on what kind of market we are in, a lot of financial commentators are stating the bull market is over and now we are in a bear market. A lot of people have asked me, what exactly does that mean? Below is a high level overview of the differences between a bull and bear market. Please...
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Wanderer
Good points to raise our awareness. Remembering back to 2008 when the Dow was around 8500. We are heading that direction. A shake ... Read More
Sunday, 22 March 2020 03:04
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Understanding Stock Market Circuit Breakers

huge-market-declines
You might have seen during the last few weeks people have mentioned the stock market decline triggered the circuit-breaker, but you might have no idea what that means. Given how important they are, I wanted to provide a high-level overview. Please let me know if you have any questions and feel free to share in the comments section if you think they are a good idea.Circuit-breaker points represent the thresholds at which trading is halted market-wide...
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What is a Run on the Bank?

stack-of-100-bills
These are very unique times, and I hope everyone is staying safe. I will be posting several articles on the recent volatility out there including an overview of the recent stock market declines, what the Fed is doing to try and stop it, and a few similar articles over the next few days. I wanted my first article to be an overview of what is a run on the bank and what kind of impact it...
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Wanderer
Scary article but one that certainly may fit the times. Would add that from where I sit it may be wise to have a cash nest egg hid... Read More
Monday, 23 March 2020 04:33
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Recent Stock Market Volatility

market-volatility
Wall Street cannot be calmed down when it comes to the coronavirus. In case you haven’t been watching over the last few weeks, I want to highlight the recent stock market volatility to you. Please feel free to ask any follow up questions in the comments section.Today the Dow Jones Industrial Average finished at 20,180 points, which are just slightly above where they we in January 2016. All major U.S. indices are now in a bear...
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How to Give Kids an Allowance

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I am now honored to be a parent, and the subject of allowances has entered into the discussion. The subject of children’s allowances can get surprisingly contentious. Some parents have very strong opinions about the topic. I did some research and found some helpful tips that I thought I would share.The purpose of an allowance: An allowance enables a child to experience money and how to manage money. You can teach your kids the concept of...
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Wanderer
Great information! In truth I did not know how to look at the subject. You explained it and ways to utilize it as a learning tool ... Read More
Wednesday, 18 December 2019 16:40
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How to Prepare Yourself for a Recession

recession-woman-baby
I am not going to tell you when the next economic recession is. However, I am confident to tell you there will be another recession at some point in the future. When this recession occurs, you need to be prepared. Below are several helpful ways to prepare yourself for an economic recession. Please feel free to ask any follow up questions in the comments section.Take some time to review your finances. Talk to a professional. This...
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