Hard Money Loans

European Union stress tests on the region’s banks are becoming “irrelevant” because they ignore the possibility of a default by Greece.

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China told banks to conduct another round of stress tests on their real-estate loans to gauge the impact of a decline in housing prices as the government steps up tightening measures to prevent an asset bubble.

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Sayuri Shirai, nominated to the Bank of Japan’s board this week, warned as a scholar that governments shouldn’t be fooled into confidence in their debt levels by a lack of stress in the bond market, which can react too slowly to emerging crises.

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Based off of my experiance in a personal recession… going from 116,000 in debt to paying off 70,000+ and making 250,000 in 2 and a half years….

With economic times not where we want them to be today, the bottom line is how do you survive? Do you suddenly have to tighten your budget and deal with increased stress? Is it possible that you could get laid off tomorrow, if so then what? Can you truly plan a family vacation for the summer not knowing what will happen next? People always ask are we really in a recession? It is my profound belief that if you are not better off right now then you where last year, that you are in an economic recession.

So the question remains, if things are slowing down in the economy what should you do next? In my experience I’ve learned there are only 3 viable ways to truly ensure that you can beat out the economy. First, have 100′s of thousands of dollars stashed away to basically buy your time through the slow periods. read more…