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(Silver futures trading) How to Avoid a Personal Financial Crisis

Sunday, 19 October 2008
By Laura Watkins

  With the stability of the world's economy in question in recent months, much of society is feeling the pinch. Now is a great time to evaluate your personal finances to ensure that you're as prepared as possible for a potential financial emergency.

Evaluate your current financial situation.
Sit down with your payroll, banking transaction, mortgage, credit card, student loan, and car payment statements (and/or whatever other expenses/income you may have) and take a good, hard look. Understand where your money goes.

Set some money aside.
In addition to saving a few months worth of rent/mortgage payments, you should also be sure to include additional savings for necessities like food, utilities, health care items, and gas or money for transportation. It's also a good idea to save some money for general "emergencies" like sickness, major repairs, and other unexpected, unforeseen costs.

Get out of (some) debt.
Paying back friends or relatives that have loaned you money should be priority #1. After that's paid off, focus on credit cards, car payments, and any other high-interest loans.

Be "account"able.
If
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Fears of (silver futures trading) Global Recession

Saturday, 18 October 2008
By ratetake

  Wall Street remained tense as fears of global recessions are on the loom. Even Fed policymakers are saying the economy appears to be in a recession. Investors examined data and looked for clues on economy as Dow Jones was down 380 at one point, rose more than 400 points in the final hour of trading.

Even with government intervention to calm market down it is unclear what Bush administration will do next. Report on earnings showed negative signs and this season many customers most likely would stick to their budget or dont spend money at all. This leaves retailers in red mark for upcoming season.

Investors dont know yet how economic turmoil will turn out, but today clearly there were more buyers coming back to market. Better than expected news from Labor Department on consumer prices send Dow Jones higher.

Wall Street is expected to remain volatile as investors are either cashing out or remain in market for short term.

Federal Reserve Chairman Ben Bernanke left the door open for another rate cut saying that inflation pressures are moderating. Market
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