Although the stock market seems to have stabilized, of late, that has in no way allayed the fears of many that the U.S., and, indeed, the global economy, is headed toward recessionary conditions. You may have heard talk in the news about the prospect of negative interest rates in the U.S., and how Fed Chair Janet Yellen “wouldn’t take those off the table,” something she declared in a recent appearance before Congress. There are now five major central banks with interest rates in negative territory…Denmark, Eurozone, Sweden, Switzerland, and Japan…and so the U.S. would certainly have company if it went there. Obviously, conditions would have to worsen here considerably before that happens, but the very fact that this is a topic of discussion in Fed circles gives a good indication as to the overall lack of confidence our economic “leaders” have in the strength of America’s financial engine, presently.
Driving much of the renewed fear of recession in the U.S. is the reality of unemployment in America. Supposedly, the unemployment rate is now down to around 5%; that would be great news if it were a true, accurate figure representing unemployment in America, but it is not. First of all, that figure does not accurately account for those who are now part-timers or “gig” workers who would otherwise be genuinely employed in better conditions – when those people are accounted for, the actual unemployment rate is over 10%. Additionally, there is the reality that the labor force participation rate, a measure of how many people who could work are working or are out there looking for work, is still about as low as it has ever been. The continued stagnation in employment continues to be a strong indicator of the ever-present threat of recession in the U.S.
The bottom line is that we are a long way away from a thriving economy, one that translates into prosperity and great personal security for the vast majority of American citizens. Accordingly, many are doing what they can to keep their heads above water, and one of the ways they are accomplishing that is by finding ways to purchase meaningful “big ticket” items, like cars, furniture, appliances, even real estate, at absolute bargain prices.Helping those looking to save enormous sums has been the massive growth of auctions and online auction sites all across the United States.
The auction mechanism has gone into overdrive with the evolution of technology, including (obviously) the Internet. However, as great as these auction opportunities can be, they’re of little use to anyone who cannot find them in an efficient, useful manner. Enter Gov-Auctions.org, a site devoted to providing its members with accurate, constantly-updated information on all kinds of auctions in every state. Gov-Auctions.org is precisely the kind of platform that can be of such a benefit to those looking for a coherent way to find true bargain outlets on the widest varieties of merchandise and property.Aside from in-person, traditional auctions…Gov-Auctions.org has comprehensive information on online auctions of both the government and non-government variety. In addition to providing more outlets for companies and agencies to auction their wares, online auctions are a good alternative for those who, for whatever reason, prefer not to do their bidding in person.
Although much of the orientation of Gov-Auctions.org is vehicles, that is by no means all that you can find at the site. The tremendous number of links to both offline and online auctions includes access to all kinds of merchandise; if you can think of it, is likely due to be auctioned somewhere, and that includes a wide variety of personal property, real estate…you name it! There’s a ton here, including some great tutorials on the auction process for those new to it. You can grab a two-year membership to Gov-Auctions.org right now for just under 40 bucks. To learn more about this comprehensive auction resource, Click Here.
By Robert G. Yetman, Jr. Editor At Large