Be Prepared for Anything

Just another Today.com weblog

&
 

Archive for September 28th, 2008

Sep 28 2008

Should we be worried about the current economic crisis?

Published by kamirusma under Uncategorized Edit This

I’m not a financial analyst or Wall Street whiz, but yep, I think we should be worried. Whether you’re a wealthy upper-cruster or like the rest of us, a real person, you should be concerned.

In my humble opinion, we’re just seeing the tip of the iceberg and things are only going to get worse. We’ve been seeing what happens when certain areas of the country run low on gas - it gets ugly. What happens when more banks go belly-up, people lose their money, and the grocery store shelves are picked clean?

Most Americans will say “Oh no, that’s not possible. Those things won’t happen.”

Do you suppose those same Americans said the same thing five or ten years ago about a possible mortgage crisis?

I’m sure there were plenty of Americans who said similar things before the Great Depression hit in 1929.

I think we should be concerned - and start preparing. We all need to put our financial affairs in order and brace for an economic earthquake.

I think it’s going to happen. Maybe not today. Maybe not tomorrow. Maybe it’ll take another ten years, but I do believe it’s going to happen.

I know I’m getting ready.

No responses yet

Some Today.com contributors may have received a fee or a promotional product or service from a manufacturer for promotional consideration, while others receive no consideration at all. Each contributor is responsible for disclosing any such promotional consideration.