Well if one listens to the so called "experts" on CNBC on the topic of the economy situation some are saying that we are at the "bottom". Sometimes I wonder where they get their information. They just believe that things will just keep going up. Nothing ever just goes one way. The US economy is in big trouble the main reason being the way they spend money. They set the example for the American people by spending more than they bring in. And the bigger problem is the mis-spending and the money spent on their own interest.
You can even look at the amazing "Mr Greenspan", they glorify this guy as such a financial genius. But what was his motive for making money so cheap and flooding the market with so much money. The problems we face today are do to what Mr Greenspan did. You do NOT solve a debt problem by adding more debt to the equation.
Greenspan made money really easy to come by. But the money was a loan, a loan on your home. Borrow more money from the banks creating more debt. Bad debt! and then
they sold this bad debt, risky debt to banks all over the world. Sooner or later someone has to pay back the debt.
If you personally don't want to experience the ups and down that the market is currently experiencing stop creating debt and find ways to eliminate debt and grow your wealth.
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