Just when you thought things were looking up

By
KC Haririan, Lender
Published: October 2, 2009Posted in: EconomyTags:

Wow, the Labor Department announced today that the country’s unemployment rate has reached 9.8% which is highest in 26 years (going back to 1983).  Since the start of the recession in December 2007, more than 15 million people have lost their jobs.  Companies refuse to hire new employees and those who have a job, are extremely nervous.

In my opinion, the FED’s desparate attempts by putting bandaids on different segments of the economy have done little to fix the major problems we’re experiencing right now.

I think there are major underlying issues all around us and pumping money into the economy will do more harm than good.  As FED’s loosen the money supply, the inflation goes up.   As inflation goes up, interest rates will start to climb eventually.

We need to be prepared for tough times throught the end of 2009 and maybe early 2010 before we can see any real sign of recovery.

About the Author

KC Haririan, Lender KC has access to the best loan products available in the industry. What makes KC's job rewarding is his willingness to go above and beyond the call of duty in making the loan process as smooth and efficient as possible. KC has been in the financial services industry since 1996 helping his clients with a variety of needs such as investments, mortgages, insurance, and other financial products. KC received his CERTIFIED LOAN OFFICER® designation from the Mortgage Bankers Association of Alabama in 2005. KC is a graduate of Auburn University with an MBA in Finance. KC’s drive for excellence and his years of experience, combined with a desire to help others, create a unique opportunity for clients who are looking for a trusted advisor for their mortgage needs. His technical expertise allows him to offer financial solutions that are correct and practical. KC has the heart of a teacher and enjoys working with people; especially first time homebuyers. KC's goal is to be the best Christian husband, father, and a friend he possibly can. KC and his family have been attending Church of the Highlands for the past three years. He is very involved in serving at the church - AND HE LOVES IT!