Tag Archive: depression
Unfortunately, financial planning is often seen as something relatively scientific. Set aside X funds every year and you will be Y rich by Z time — or something like that. Unfortunately, the traditional make and save philosophy presupposes a few things, namely that the economy will always fare just fine, without any major recessions. Unfortunately, […]
As I write this, the entire financial, investing and banking industries are in the middle of what will be known as the Panic of 2008. Due to decades of policies where the government encouraged lenders to give the poor more than the poor can pay back, the entire industry is at risk for collapse. The […]
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