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What's New
{ Who Are We? } ~ { Our Services } ~ { Our Successes }
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What's New
{ Who Are We? } ~ { Our Services
} ~ { Our Successes
}
The surprising length of the current general economic recovery - now well into its seventh year - has raised two fundamental issues about the basic nature of the American economy. The first issue is whether the traditional business cycle has been replaced by some new form of economic growth. The second is whether continuous inflation has ended and an era of zero inflation or even potential deflation has begun.
The prime factors behind both answers include intensified global economic competition, the end of the Cold War, the triumph of market capitalism over all forms of socialism and communism, the downsizing of Corporate America and the subsequent loss of job security among workers at all levels, the inability of central banks to control the exchange values of their own currencies in the face of immense volumes of foreign exchange trading, the ability of large international corporations to shift production to the lowest cost locations, rising productivity due to computers and other new technology, and the tremendous mobility of financial capital around the world.
As a result, the traditional business cycles which previously saw three years of expansion followed by six months to a year of recession are no longer prevalent. Economic expansions - including rising stock process - can continue for almost indefinite periods, perhaps interrupted briefly by very short and shallow recessions.
We will revert to the old business cycles if our fiscal and monetary policies of yesterday become the norm or if labor demand outpaces the sustainable increase of the dormant supply.
WaterMark Financial Services, a diversified real estate financial services company headquartered in Burlingame, California, is prepared to offer a free consultation regarding the financing or refinancing of any type of real estate.
WaterMark Financial
Services
1601 Bayshore Highway, Suite 207
Burlingame, California 94010
Tel : (650)-652-9033 / Fax : (650)-652-9036
Email : wfs@watermarkfinancial.com
