US housing sector was the key driver of the US economy for the last two decades. The massive increase in housing sector lead to great growth rates across sectors, and the entire US economy grew astoundingly in the last ten years or so.

But there were analysts who were shouting that the US housing bubble will bust anytime, but nobody was listening to them.

And in the beginning of 2008, the sub-prime mortgage crisis started showing its color and the entire housing industry came to a halt. The housing prices across US started crumbling because banks were reluctant to lend for housing, and lot of home buyers started defaulting on their loan repayments.

Over the last few quarters, the US housing prices have declined by over 30% year on year and more and more existing houses are added to the sales inventory.

And with interest rates ruling at all time low, there are no takers for new housing loans because people are expecting housing prices to crash further.

And with more job losses happening every month, we can only expect the housing inventory to go up further, adding to the pricing pressure.

So do not expect the US housing sector to revive at least till 2010 , say experts. The argument looks logical , and we also believe that the US housing sector might stay weak till 2010 beginning.

The US FED is taking the last step to revive the ailing economy. It first tried giving tax breaks to individuals and companies in the early 2008 , which never worked.

Then it resorted to massive interest rate cuts over the last several months, which also does not seem to be working. The interest rates are at near zero levels and still bank credit to individuals and industry is not normalized.

Now, the US FED is resorting to the last available tool of printing more new currencies. Yes it has decided to print up to 1 trillion dollars worth of new currency over the next few months, to buy back toxic papers from the ailing banks.

It feels that this drastic action might help revive the US economy. If it does it is good for the whole world. If it does not work, then the entire world is likely to see a long drawn recession.

There could be lot of smaller countries which may get into depression.

The US economy is continuing to get worse. The latest set of unemployment data reads at a record high 8%, which is not seen in the last decade or so.

The automobile sales are plunging and the demand for housing is also collapsing. All these have lead to more and more companies laying off their employees.

With reduced fund available, many local governments are also shedding jobs which is adding to the list again.

Obama is only hoping that the trend will reverse quickly, but no concrete plan seems to be in place for reversing the job losses.

If the unemployment rate continues to be very high, there could be more trouble for the economy because people may not spend money. That could lead to a more dangerous depression kind of a scenario for US economy, which needs to be avoided.

Insurance is seen by many people as a wasteful expenditure, because they are not happy with the very low yield they get on their insurance investments.

But the actual benefit of insurance lies in the financial safety it provides to us and our family members, in case of any untoward incident.

For example, an adequate life insurance for you can ensure financial safety for your family members, long after you are gone. The coverage might be far higher than what you could have provided , if you were alive.

Similarly, a proper auto insurance will help you to tide over any unexpected accident including third party damages.

Also, a proper insurance of your house and valuables can save you from theft and other losses.

So go ahead, contact your insurance agent, understand the needs first, and then take adequate insurance cover, and secure your future. All the very best.

All the three top US banks have sounded optimistic about their business prospects for the current quarter. The Citi group, Bank of America and Morgan Stanley heads have confirmed that the business growth in the first two months of this year have been positive and they have started making profits after a long gap.

That has brought cheers to the US and global markets in the last few days. How far this will be sustained, god only knows.

Two decades back, people used to watch only five days test match cricket for all the thrill and the sport used to be dominated by the West Indies team and England team.

A decade back, things started changing and people started liking the toned down version of one day game wherein each team was asked to play for sixty overs each.

Few years down the line, it was fine tuned further and reduced to fifty overs per side in a day. So by the end of the day, people could see the result of the match with many interesting moments in between.

Now, we are seeing a further toned down version I.e, the 20-20 format wherein teams plan for only 20 overs per side, and the entire match is over in just three hours.

The latest version of the game has got instant acceptance across the globe and more and more countries are expected to introduce the version in their country locally also.