Saturday, October 4, 2008

Financial Crisis Overload

You and your Hubby are so correct. It is what I call the Financial Crisis overload. Usually we over build homes, supply and demand, there is a natural slowing down or selling off inventory til the demand is high again. This is one of the main indicators on which we judged the strength and growth of our economy. Then there is the sub prime crisis, which the Financial industry new was going to implode it was just a matter of time (read about this prior to the collapse in Chapter 10, Money Principles in my book "It's All About The $Money, Honey!".. I stated so many times in July and August as the implosion started that "at least it happened now (2007) instead of next year (2008) during election year". Now, in January of 2007 I started preparing clients for what always is expected during an election year and that is typical, volatility. So no one is surprised, if we don't have it, now that's the surprise. Then we have an election like no other; there will be change a Woman (Hillary), a black man or the most mature President we have ever elected. So there will be change. Human nature is "we don't like change". The market is always volatile during an election year. Gas prices, oh my. All of these events happening at once have created the Perfect Storm. Will we survive? Of course, we are America. In every crisis there are BIG winners. There are only 2 choices stay in the boat and ride out the storm or jump in the ocean; either choice is unpleasant. I will stay in the boat.

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