Can Anyone Steer this Economy Essay Example | Topics and Well Written Essays - 500 words

Can Anyone Steer this Economy - Essay ExampleThe app atomic number 18nt motion at hand is of the condition of the family if the value of their stand rises while their wages decrease (Mandel). Unfortunately, the statistics to answer these questions are not open, but there are different scenarios that can give a common good sense solution to the question at hand.First of all, bonds have hit an acceptable low, which is good news for the house buyer (Mandel). If a homeowner encounters a decrease in their income but their home value increases, the pass of refinancing their home to consolidate their debts at an affordable rate is better with lower interest rates. This can trust a family in a stable situation while the currency lasts, but with the fluctuating owe rates, they may encounter a situation in which refinancing is not an option. On the other hand, if a homeowners home does not raise in value and their income increases, they may be able to work out a longer term solution r ather than refinancing their home. Those with higher incomes are able to contribute more of their money to savings and retirement funds than those with lower wages. That way they are able to have funds available in case of a rainy day.Michael Mandel states in his article that the broad-based drop in incomes is being goaded more by the rise of China and India. He also states that Globalization has