Written in 2008 in the heart of the great debt meltdown, the markets were near their lowest, and I was unemployed.
To paraphrase Jim Morrison, is this the end, my only friend? Don’t know, but it has been a raucous week in the financial world that is for sure. Certainly there has been no limit to the “fodder” for the Personal Financial bloggers guns this weeks, so let’s have at it.
What Did I write?
- Bail Out Continues Back in 2008 there was a huge bail out of the markets and banks due to a lot of shenanigans in the world of credit.
- Interesting Times Remember when oil was over $100 a barrel, Nortel was still viable but the markets were crashing, yes that was 2008! Can it happen again?
- Twenty Years in One Line How does it feel to get a severance letter from a company you devoted over 20 years of your life to? It sucks, but sometimes good things come out of bad.
- Creating Wealth? If you create wealth, but lose yourself is that winning at life? I don’t think so, creating wealth is fine, but never lose yourself.
- Random Thoughts: Financial Apocalypse Edition Can the U.S. financial industry survive the looming apocalypse? Get up-to-date news and analysis on the 2008 crisis, inflation, and election. Discover if the DOOM and GLOOM is warranted.
Around the Blogosphere
- Michael James asks the pointed question Who Will Be protected by a Bail Out? The answer is not who you think it is, and it sickens us all.
- The Canadian Capitalist asks a better question Why Bail Out Wall Street ? if we save them this time, what stops them from doing it again?
- Preet at Where Does All My Money Go points out The Many Uses of $7 Billion, what kind of compact car would I get?
- Steve Pavlina writes an article to help folks Deal With The Financial Meltdown , for those seeking help in these dark days.
- Even my mechanic at Parker Auto Care says this is going to hurt him, because he suspects a lot of folks who owe him money aren’t going to pay up in a timely fashion.
- The Credit Crunch is going to mean less money for High Tech Start Ups as well, points out Tech Crunch.
- Never Before Have So Many With So Little To Say, said so much to so few
If anyone wants to buy me a gift, a mug with this on it would be nice. 🙂
Thanks for the link!
The credit crunch is frightening but I don’t think this is the end. Two years back spreads on loans were wafer thin over treasuries. Today, the pendulum has gone in the other direction. Everyone is too risk averse. This too shall pass.