Opportunities in Uncertain Times

Turn on the TV or radio and you'll hear all about how awful the economy is and how bad things are, not only here in this country, but all over the world. If you believed the media, It would seem that there is very little good news during this time of uncertainty.

There are, however, opportunities during these uncertain times. For example, now is a very good time to buy a new vehicle:

• GM is offering credit union members special supplier pricing along with current rebates. You will need to register with GM in order to qualify and you can do so at their special GM Credit Union website.
• Many of the car makers are adding 'Layoff Protection' and/or options to protect the value of the vehicle as an incentive to buy.
• The credit union has plenty of money to lend.

Home buyers will also find this an opportune market for them:

• First time home buyers may qualify for big tax credits.
• Mortgage rates are at historic lows.
• In some markets, housing prices have dropped by double digits.

There is also an opportunity for all of us to learn from this downturn and the impact it has on us.

• Savings by Americans has grown recently whereas before this downturn, the savings rate of Americans was negative.
• Learn to buy items and stocks on sale.
• Use this time to go back to school to learn new skills or certifications.

Keep an eye out for other opportunities that present themselves to you.