Rethinking Consumerism
“We have lived through an era where too often short-term gains were prized over long-term prosperity, where we failed to look beyond the next payment, the next quarter, or the next election.” — President Obama
What will be the next drive to consume? It’s our patriotic duty in resulting in a Paradox of Thrift. Consumerism [...]
Bear market doesn’t do it justice
The bears were out in force yesterday driving the Dow to the lowest level in 12 years. Since I’ve had a 401k I haven’t seen it suck this bad. Returns last year were nearly -50%. The government is trying to bail out more and more companies and the ship keeps sinking. People are seeing their [...]