Credit card offers are always at large whenever the yuletide season is fast approaching. The credit card companies decide to include special promos for their cards and they even give gifts to people that would apply for their cards and sometimes, they just send the cards to prospected clients, already preapproved. With this, we can actually take advantage of this move by credit card companies if ever we want to have our own businesses to get some instant funding for some special occurrences of our own. Business credit cards are always handy when having such things because it could serve as an instant loan for the business, without the long wait. Credit news show that most businesses really take advantage of their credit cards whenever it’s the holidays because of the convenience that it can bring.

We have actually experienced this first hand when we were having some problems for our Christmas promos. We run out of stock with the free giveaways and we needed to have some immediate solution to our problem. It’s a good thing that my partner decided to get a business credit card. We got instant help to have some stocks for our promo and we were able to save our faces from a possible mishap.

This may not be a good time to put up business and not a good time for stockbrokers as stocks took a plunge last Monday at the New York Stock Exchange. Dow down 700 points resulting to panicky investors who doesn’t want to risk business. But during the last hour, the Dow ended around 370 points as the Dow Jones and other major indexes cut losses. Although there was a $700 billion US bank bailout, investors believe that this does not help at all, it only just delay the inevitable.

With the Stocks at its lowest, this greatly affects the many lives. Since business is not doing well, companies went down such as Citigroup, Ban of America, and JPMorgan Chase. Companies are forced to cut on workforce, such as eBay, which stated that they will be cutting down 10% or about 1,000 employees. Also the US dollar hit a 14-month high against the Euro, and fell against the Yen.

The current situation of the US economy is really horrendous. Many people are panicking because of this crisis. But is really the time for panic? I guess not. From the bankruptcy of the Lehman Brothers, the downfall of Meryl Lynch and the crisis on going to American Insurance Group (AIG) are really not good signs. The worst case is, it’s also affecting the world economy. What needs to be done? There are a lot of economist and advisors and even the government now is taking actions in order to save the drowning economy and even thinking of passing the bailout bill. They said that this is the biggest flank of our economy.

Bankruptcy is a negative thing, but can also be a positive thing for some other people. It’s an eye opener. This is the not the right time for blaming people but instead this is the time for unity and oneness of our nation. Maybe it’s sending us an important message. Let’s all try to reflect and find out what are the things that did not work out and replace it with some other nice ideas. As a citizen, we can contribute in helping our economy by saving and being responsible. We’ve been there, and this time, I think with the help of our countrymen, we can surpass this crisis.