The Wealth Education Blog 
Get your million dollar wealth education today! And get my two cents on the World and American economy.
Week of January 28, 2008
"Recession, Joker Stimulation Packages, and Still a crazy Market"
Sorry Blog Fans, I haven't posted since last year. We had some change over time scheduled for the website and now we are officially backup and running. The economy and market are going crzy over the last few months. Nobody seems to be able to agree on what is going on. Everyone says you can't tell if we are in a recession unitl after we come out of one, but for the most part economic analysts seem to agree that we are in one now.
This stimulation package is a joke. Giving people who don't know how to save money is only going to get them spending money, which will temporarily get the stock market to go up since "Consumer spending is going up." However, this will only help one quarter of earnings reports. This does not solve the long term problem.
The long term problem is that the citizens of America do not know how to save money, or invest it. We need to increase financial education and fiscal responsibility or we are going to go completely in debt as a country. Other countries are already buying out our banks and purchasing our land. If our citizens do not learn how to save and invest we will continue to go bankrupt and foreclose our properties. When our banks and government do not have enough money to bail us out, we will become solely dependent on other countries.
There has not been a better time in recent history than to ask yoursel that well know quote from John F. Kennedy, "Ask not what your country can do for you, but what you can do for your country?"
The answer is: Learn to save and invest so that you can retire comfortably and pass on wealth to the next generation instead of giving all of your money to greedy CEO's and Foreign countries via hazzardous and greedy spending for short-term self-indulgence.
For Now:
Traders -Stay Focused, Watch your charts, Check your fundamentals, and Happy Trading.
Investors - Keep looking for good deals on stocks and real estate w/ the goal of creating cashflow
Consumers - Track your expenses, and stick to your budgeted spending plan.
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