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Sunday, December 21, 2008

Financial Times - Cool Personal Checks

By Donna Werzheimer

People are often confused about the economic conditions they find themselves. Everything has a cool check about label, and the extremes are that either we are living in inflationary times or a period of deflation.

If the pervasive economic condition is deflationary, goods and services become less expensive. The state of value of the dollar increases. Many cannot grasp that relationship.

In a deflationary environment, the state of value of almost everything decreases. Your home decreases in price; the value of gasoline, goods and services come under pressure. The value of stocks and hard good assess decreases.

There is only one exception; the United States Dollar goes up by definition. The opposite is true. When the cost of goods and services goes up the measure of value of the dollar shrinks.

When the price of the buck increases, it also increases against foreign currencies. The dollar buys more.

Check the level of value of the dollar in your personal purchases. Is the dollar's value is going up? It's buying more gas than it used to, buys more real estate than it used to, and gets better deals shopping for cars than before. Everything costs less.

If most things seem to be not as expensive that means you are living in deflationary times. If the price of goods and services are going up, you live in inflationary times.

Regardless of what times you live in, getting good value for your money helps you live better. You can buy really cool checks at ElegantChecks.com. Checks that will stretch your budget dollar and offer an abundance of choices.

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