According to the Bureau of Labor Statistics, between 2006 and August 2011 national employment fell 4.9%. A recent Wall Street Journal article points out that New York alone plans to shed an additional 10,000 jobs in the securities industry by the end of 2012. If this forecast proves accurate it will represent a 17% decline….one city one industry!
Kathryn Wilde, president of Partnership for New York City says, “The banks I talk to are talking about significantly reduced compensation, which comes right out of our tax rolls, and layoffs and downsizing. All of the above suggests that there’s going to be a real impact on the New York City economy.”
Similar scenarios are playing out all across the country and that means that unemployment will remain relatively high for the foreseeable future…and that means opportunity if you know where to look.
The sluggish economy has caused an avalanche of charged-off credit card debt hit the market. The oversupply of charged-off loans has driven down the acquisition cost and created and unusual and highly profitable investment opportunity.
Ropay Asset Investors is perfectly positioned to help you take advantage of this once in a lifetime opportunity!
Contact us today and take control of your financial future.
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