For the past 100 years of American History there have been Economic Disasters, one right after the next. Elected Political Officials are sometimes unable to stop serious financial collapse, and the smart business person knows that it is only getting worse. Since the Great Depression in the 1930’s there have been economic recessions in almost every decade.

The Kennedy Slide of 1962, also known as the Flash Crash of 1962, is the term given to the stock market decline from December 1961 to June 1962 during the Presidential term of John F. Kennedy. After the market experienced decades of growth since the Wall Street Crash of 1929, the stock market peaked during the end of 1961 and plummeted during the first half of 1962.

The 1970’s energy crisis was a period in which the economies of the major industrial countries of the world, particularly the United States, Canada, Western Europe, Japan, Australia, and New Zealand were heavily affected and faced substantial petroleum shortages, real and perceived, as well as elevated prices. The crisis led to stagnant economic growth in many countries as oil prices climbed.

The Latin American debt crisis was a financial crisis that originated in the early 1980s (and for some countries starting in the 1970s), often known as the "lost decade", when Latin American countries reached a point where their foreign debt exceeded their earning power and they were not able to repay it. The debt crisis of 1982 was the most serious of Latin America's history. Incomes dropped; economic growth stagnated; because of the need to reduce importations, unemployment rose to high levels; and inflation reduced the buying power of the middle classes.

In finance, Black Monday refers to Monday, October 19, 1987, when stock markets around the world crashed, shedding a huge value in a very short time. The crash began in Hong Kong and spread west to Europe, hitting the United States after other markets had already declined by a significant margin. The Black Monday decline was the largest one-day percentage decline in the Dow Jones. In a matter of hours investors all over America lost billions of dollars, many people lost a majority of their retirement.

Iraq invaded Kuwait in July 1990, causing oil prices to increase. The Dow dropped 18% in three months, from 2,911.63 on July 3 to 2,381.99 on October 16,1990. This recession lasted approximately 8 months.

Collapse of a technology bubble, world economic effects arising from the September 11 attacks and the stock market downturn of 2002. The September 11 attacks caused global stock markets to drop sharply. The attacks themselves caused approximately $40 billion in insurance losses, making it one of the largest insured events ever.

The US bear market of 2007-2009 was declared in June 2008 when the Dow Jones Industrial Average (DJIA) had fallen 20% from its October 11, 2007 high. On September 16, 2008, failures of large financial institutions in the United States, due primarily to exposure of securities of packaged subprime loans and credit default swaps issued to insure these loans and their issuers, rapidly devolved into a global crisis resulting in a number of bank failures in Europe and sharp reductions in the value of equities (stock) and commodities worldwide.

No one knows when the next financial disaster is going to happen. The World Economy is currently very unstable with the War on Terror, unstable oil prices, the National Debt being at the highest point in history, and a number of other global factors. One of the most important factors of surviving a national financial crisis is having good credit. If you are struggling with debts, or have a low credit score then take action and do not delay. The Country is still in a recession, and things could get worse. Make a decision now to get your credit and finances in order. Call Us Today.

Having good credit can help you achieve your dreams, if you know how to build it. Products and services are getting better and better every day, if you have a high enough credit score to get approved for them. The power of an excellent credit score is within your reach. With a little help from Drexler Financial Solutions you can be on the road to excellent credit today. All across the United States people are being denied loans, apartments, cars, mortgages, and car insurance because there are inaccuracies on their credit reports. Don’t be a victim of having information on your credit report that does not belong to you. Let us help.

Drexler Financial Solutions is your next step toward making your credit work for you.

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