Your Money Or Your Life?

Image courtesy of Mugley.

Right now, the news coverage is overloaded with stories about the economy.  This is completely understandable, because recently there have been some very interesting developments in the global economy.  What’s unfortunate about the media coverage is that the majority of it is focused on trying to “make sense” of the current situation. Sadly, that approach just seems to be causing more and more confusion and panic. Personally, I believe in the concept that one should focus 10% on the problem and 90% on the solution.

Crystal Ball Gazing

We have “experts” looking at the past, comparing it to the current situation and then extrapolating what this will mean for the future.  I find this approach very interesting because almost every financial prospectus comes with the fine-print warning that past performance does not predict future results. Just because something happened in the 1930′s does not mean that it is directly relevant to our present-day situation.
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