Finances and the economy
The signs have been clear for a while. The national financial system has been tumbling into a destructive meltdown for quite sometime. Over 7 months ago I predicted that we'd be in such a situation at some point during 2008. Unfortunately - with events such as the largest bankruptcy in US history - that prediction has come true this week. It's gotten so bad that the US government is stepping in with the largest market interceptions it's engaged in since the aftermath of the Great Depression. Some estimate that will cost the fed one trillion dollars. That's almost 8% of our GDP, and over 10% of the current national debt. These are huge numbers.
With all this happening, I've created a new goal that will be relatively easy for me to meet. I am going become debt free (excluding my school loans) by 2009 and stay out of debt the entire year. I've been cutting more and more of my random spending, and I'm trying to get rid of the habit all together.
Anyhow, I hope the markets are better when I actually go looking for a job.
September 19, 2008 1:37 PM
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