Lately, it’s hard to flip through
TV channels or browse online news headlines without stumbling across the term,
“crisis” or phrase, “rising gas prices”. You may have even become desensitized
to the negative publicity regarding current market conditions.
It can be difficult to discern what messages in the media are objective and
accurate, especially when communication is generalized across markets. As
experts, we will cut through the confusion and deliver you news that’s
meaningful for you and your family. To help keep the record straight, here is a
snapshot of recent occurrences and related effects:
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The federal government is now in control of mortgage backers, Fannie Mae and
Freddie Mac, two of the nation’s biggest and highest-rated financial
institutions. As a result, mortgage loans are more available and affordable.
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In an effort to resuscitate the financial world, the federal government is
negotiating a bailout plan that will put resources back into the credit
markets.
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Here is advice to give you stability in this economic climate: now is a good
time to save and put money in the bank since banks are increasing savings
rates, rebalance your investment mix so you’re positioned to buy stocks low and
sell high, and keep contributing to your 401k plan especially if your company
matches your contributions.
The financial world has been in flux, and as you probably anticipate, there
will be more transformations and developments. Even though instability is
present in some financial areas and uncertainty about when recovery will happen
is a concern for many, there are improvements in the works. The signs of a
remedy should start to be apparent soon.
