Keep the Faith
Today everyone is an economist─newscasters, Wall Street hipsters, traders, the Fed─everyone who is NOT an economist who tell us that we just “might” be entering a second recession. How many REAL economists does one see on television today? Pretty much, none. To be an economist, you have to have a Ph.D. in reality, not virtual reality. When the likes of Marc Faber starts hollering “100% chance of global recession,” perhaps people need to listen. Maybe, just maybe, it’s not the right time to purchase a brand new car. I’m an unrepentant free enterpriser, but let’s get real! Consider renting, rather than owning, a home. Downsize. I think this pretty much tucks in with the Forbes folk, who really know the pulse of the Nation. Will we survive? Of course. It’s called Faith.