Enjoy yourself, it's later than you think.
What is the 'Q'?
Btw, I'm no chicken little harbinger of doom, but I am a student of history and very much subscribe to the economic analysis that grants us approximately 4-5 years to master the lost art of 'saving'.
By then, I hope to be ensconced in a very old world line of work I'd never imagined for myself. Owning a bar.
It's about the most recession/depression-proof businesses going.
But it's an odd occupation for someone with a low tolerance for the booze-impaired.
I don't want to sound ominous, but I am very much convinced that it will prove critical to know the next time to 'sell high'. This last bubble was merely the practice round.
How does this relate to FA? Well, most importantly, economics underlies most decision-making geopolitically. And since the globalization of terrorism has us confronting the spectre of faith-driven idiots with WMD, there's nothing in the economic analysis I follow to suggest that it can't happen sooner than 2006-2007, given the right impetus.... and surely a WMD can have a sudden dampening impact on an economy.
In real time, one can look at Uncle Algae pumping gazillions into an injured economy, the massive spending underway for a 'long-term' war/rebuild effort that is heavily larded with unnecessary pork, and the approaching retirement of boomers (lessee, 1946 & 60 = 2006) as a potentially unhealthy convergence.
Again, saving much and selling high is a good strategy, perhaps an essential one. Learning what works and doesn't work in economic crisis periods is also wise. And the long patience needed to buy the bottom properly may redistribute wealth in such a way to bring many new faces to the fore when FA issues are discussed a decade from now. |
