Pura's Blog

Whoa, IndyMac, Fannie Mae, Freddie Mac...what's next
July 15th, 2008 3:52 PM

All I can express is that we are in uncharted waters.  The economic forecast for the near future is bleak, but looking at the positive, we can use this period as a reminder to be more fiscally sound in our decision making and to curtail some of the over consumption that has plagued us as a nation.

Capitalism is great, but everything, including spending, must be measured.  I believe we will see people schooling the upcoming generations into saving a little something 'under the mattress'.  Many of our senior citizens reflect upon growing up during the post-depression era and how those slim-times changed their view on money and spending. 

I hope we learn the lessons from this radical period of jolting financial blows.  As in gambling, the house should always keep more than what it pays out. Here is a mantra: Spend, but don't overextend...

 


Posted by Pura M. Cordero on July 15th, 2008 3:52 PMPost a Comment (0)

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