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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (96594)	4/17/2009 3:18:57 PM
From: benwood	2 Recommendations Respond to of 116555

Governments wouldn't have to embark on voodoo and hocus pocus if they just managed their fiscal affairs like any savvy family would: 1) save for a rainy day; 2) invest real money for a real retirement someday, so as not to be a burden to the kids; 3) if income drops, reduce expenses to match; 4) if the house is on fire, get out, don't throw everything inside! 5) invest for the future: educate the kids; remain part of the labor force by being productive or learning how to be more efficient; 6) if something isn't working, stop doing it and start looking for something that works better; 7) don't add a spare room onto the house if you don't need it. 8) don't throw rocks through your windows (or your neighbor's); 9-100) if somebody robs you, don't hand them your savings: prosecute them. If we, as a nation, had saved for rainy day, then the fiscal stimulus would look like the one in China -- that is, from our savings rather than somebody else's savings. And family spending would drop less because they wouldn't be living paycheck to paycheck. Americans generally have an income for about 40-45 years. Why on earth don't they have six months in savings versus 6 month's of income worth of revolving debt? Instead of paying interest forever, get paid interest forever, and be a part of the pool of real investment capital that helps everyone.