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April 17 Build up emergency savings.Given the precarious labor market right now, building up a reserve fund of cash ought to be a top priority. If you have lost or think you are going to lose your job, then just put that money in the bank. If you are not in that situation - you have a job, and it looks pretty secure - you still should look at your cash reserve. Gamel said that risks associated with living paycheck to paycheck are higher now than before the recession, because banks are more reluctant to extend lines of credit to people with less-than-perfect credit histories. So which should you do first - pay off debt or save for emergencies? i hereby recommend people have 6 to 9 months of expenses available in cash, the decision to pay down debt or accrue a reserve fund is a matter of interest rates. . March 04 GREEN HORNWhen the chicken come to brood , it is rather perplexing the choice of nest and place they choose.
We often think chicken are brainless so the saying goes "headless chicken" we humans of higher IQ
would wish to think that our behaviours are o civilised and carefully strategised while what we dont know is that
chicken react and behave perhaps better in crisis times than we the intelligent beings.
March 01 GreatnessJust how do you define 'Greatness' this is a very difficultyet so easy stuff however , it begs a clear and sober reasoning in light of todays complex world,
with complex financial tools available and ever evolving humans , what is heut today is so passe tomorrow! December 08 SCARY NEW WORLD ORDER.
The term recession is to me a new word to be honest i have never quite understood it until just recently , the world is going through a difficult time and indeed all corners of our beloved earth is rumbling with voices of discontent and pregnant expectations of what tomorrow may bring as it is indeed very unpredictable. You walk into a shopping mall and the usual is not happening !!! consumers are very scared and indeed very very cautious where is this world heading ??? can someone point the direction?? when will things get better? so that people can get the smiles they always had back on their beautiful faces!!
November 13 UNKOWN UNKNOWNS
the factor of unknown unknowns has been multiplied several fold with the current crisis in the world and this does no good to consumers in any particular economy or part of the world , for example an American who is normally used to driving the popular SUV with the deteriorating economic situation will be more cautious on the number of trips and especially with respect fuel price and the amount of credit they are entitled to , in Asia a Chinese person would be concerned with the basic things of life with a little bit of spending surprises , however with the traditional cautiousness of the Chinese people they are more accustomed to high savings and would be cautioned in a way but the uncertainties still persist since the world economy is so intertwined that really telling the source from the end is harder than ever
it remains to be seen especially what the G20 will discuss and agree upon as to where the world economy and its globalized citizens do to survive |
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