Upside-Down Loans refer to loans on which the borrower owes more than the value of the asset for which the loan was used to purchase. Upside-down loans occur when the asset depreciates in value, or was overvalued when the buyer purchased the asset. While it’s common for auto loans with small down payments to be “upside-down” initially due to the large depreciation which occurs during a new cars first two years, an increasing number of [ More.. ]
A recession is a period of economic retraction; in macroeconomics it is defined as two or more consecutive quarters of decline in the Gross Domestic Product (GDP). Economists rely on the Business Cycle Dating Committee at the National Bureau of Economic Research (NBER) to officially declare recessions using more advanced metrics. This official designation is of limited value as it’s often declared several months after a recession has begun.
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Six Sigma is a highly disciplined approach to decision making that helps people focus on improving processes to make them as near perfect as possible. The term “Six Sigma” relates to the number of mathematical defects in a process. Six Sigma practitioners focus on systematically eliminating the defects so they can get as close to “zero defects” as possible.
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