Jonathan (jon3) wrote,
Jonathan
jon3

To all the amateur economists predicting the apocalypse...

What is your suggestion for us regular folk who don't crunch numbers as well as you?

I've seen a lot of posts in a variety of forums discussing various dangerous warning signs that our economy is in trouble. I'm not quite sure what action these people expect us to take though.

I mean, should I take a less expensive vacation? Sell the house and live on ramen because bread will soon be $10,000 a loaf? I'm guessing something in between.

I understand the urge to send out a warning, but a warning that has no context just isn't that useful. It is like those government terror alerts. Today's color is: AMBERGRIS. I mean, so what? If there isn't anything you can do to change it, then the warning isn't really serving any purpose is it?

Financially, I'm rather conservative, having been through a bad period in the past. I could go many months without a paycheck. My truck is paid off in a month or two, I carry nearly no credit debt. The luxuries I do pay for monthly can be cancelled without penalty.

What else can anybody do?
Tags: money, politics
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