How To Make Bucks In Today’s Economy
The markets today is a crazy one, that’s all I know. After years and years of an uptrending financial sector it was just a matter of time before there was some instability. To be truthful things wouldn’t have been so great for this past decade or two had it not been for the over anxiousnes by the banks to give away money to people with no business having it. Things could be worse really. Everyone knows the markets are built on theroy (as in there are a lot of numbers not necassaryily backed by a lot of real stuff) and the stuff that took the worst beating in recent times was the shakiest of all.
To tell you the truth, in my opinion the people who were affected by the credit crisis were the people who shouldn’t have gotten credit in the first place and they did something wrong themselves. The thing that sucks is that people who did follow the rules will probally end up paying a significant amount more on their mortgages. Those who followed the rules are the people who the US government should be concerned with saving. I suppose those people are being saved in a way, because of the liquidity being introduced into the markets that wll keep mortgage rates lower then they would be if the full brunt was felt. Things have probally placed themselves where they should be.
So the real question is where are the markets going? How cold anyone know for a fact. From the finance books I have read, and the info I’m getting from my stock software they are goign to be going down for a while. I was reading the paper the other day and the guy was talking about how the economy will be very near recession for at least the next two years but after that the economy should make a fair recovery. I know that seems a long time away right now. I guess for the next little while we need to keep money in safe places like bonds. Avoid volitility at all costs in my opinion.