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Cheat Sheet Q & A:
Topic: Confusion with foreclosure review checks
I was the participant in a foreclosure of an
Bottom Line: I know I’ve spent a good deal of time on air and on the Cheat Sheet recently addressing the foreclosure review checks. There are many other excellent questions that have been coming in and I promise I will begin to address those shortly but I feel it’s important to address the foreclosure review situation because of the timeliness of the situation with the checks arriving this week. On to addressing this question…
The confusion with the foreclosure review process is completely understandable because of how many different turns it took before checks began arriving to victims this week. With regard to the first part of the question… In 2012 notices / questionnaires were sent to potential victims asking them to confirm that they believed they had been a victim of abuse in their loan and/or foreclosure proceedings. On December 31st, due in part to extremely low response rate, the program was scrapped. Instead it was determined that independent auditors would review cases to determine the size of the payment for each individual case and automatically send payments to victims. That is where we are today. Here is what’s important going forward:
Therefore you should cash your check. Now with regard to your specific situation in
Ohio AG phone #
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Another nice drop at the pump is on the way:
Bottom Line: We’ve already had a nice drop of between 15 -20 cents a gallon come off of gas prices over the previous three weeks. The main reason for that decline was an improved refining situation nationally as multiple refineries that had been off-line in January and February came back on-line. Along with slower demand for fuel, the wholesale price of gas came down. Now part 2…
Amid the huge sell-offs in the financial markets this week, we’ve seen the price of oil dip significantly. Oil is down about six dollars per barrel this week (as of this entry) and more importantly the wholesale price of gas is currently at $2.73 per gallon.
Based on my calculations the price at the pump that we’re currently paying is based on wholesale pricing of around $2.90 per gallon. In other words I believe we’ll see 15 to 17 cents per gallon come off of the price at the pump over the next two weeks, if we can hold these lower levels, which seems likely.
Nervous about the economy (again) – watch housing rather than the financial markets:
Bottom Line: I’ve received numerous inquiries about what’s going on with the economy all of the sudden. The concern and/or fear is stemming from the severe volatility in the financial markets this week. Through Wednesday we’ve already had these negatives occur in the financial markets:
So is the economy suddenly in free fall mode? No it’s not. So what’s behind all of this?
Now our economy still isn’t in a good place. Keep in mind that half of the stock market’s success has come from the Federal Reserve policy limiting investment options for those seeking growth and returns on their investment. So what should we consider most important if not any of the above?
The housing market is what led us into the Great Recession. Housing must continue to recover for us to feel a recovery. Keep your eye on the housing data. If the housing recovery evaporates, that’s when we have new economic concerns on our hands. The day to day volatility of the financial markets isn’t the best barometer.
By 2016 we’re likely to see the return of Made in
Bottom Line: A couple of weeks ago I shared my analysis suggesting that the value proposition for American companies to manufacture in China was diminishing and could be eliminated over the next couple of years.
The reasons are related to the increasing costs associated with the supply chain. Cost of labor continues to rise in
Yesterday corporate consulting firm AlixPartners released information that suggests in 2015 the value proposition will be at parity for American manufacturing. That presents a real opportunity for the resurgence of American manufacturing.
This information in hand you’ll begin to see companies re-evaluate their options outside of
Governors and state legislators could be a critical cog in whether we see a return of American manufacturing as they should be engaging companies that will be re-evaluating future manufacturing options.
Windows 8 based laptops will be getting a lot cheaper by the end of the year:
Bottom Line: Intel and Microsoft find themselves caught in the cross hairs of a tradeoff many consumers, especially younger consumers on tight budgets, are making with regard to computing. Many have opted for cheaper tablets over the more expensive laptop computers. Eager to find a way to stop the decline of computer sales, Intel is developing a chip that will significantly bring down the price of entry level laptop computers.
Intel’s new chip will be able to power a Windows 8 based laptop at a price as low as $200. Not only is that competitive with tablet pricing, its competitive with the cheapest tablets on the market. If you’ve wanted that laptop experience but have been on a tablet budget – you should have options by the time we get to the holiday shopping season.