The economy today is a crazy one, that’s all I know. After years and years of an uptrending financial sector it was just a matter of time before there was some instability. To be truthful things wouldn’t have been so great for this past decade or two had it not been for the over anxiousnes by the banks to give away money to people with no business having it. Things could be worse really. Everyone knows the markets are built on theroy (as in there are a lot of numbers not necassaryily backed by a lot of real stuff) and the stuff that took the worst beating in recent times was the shakiest of all.

To tell you the truth, in my opinion the people who were affected by the credit crisis were the people who shouldn’t have gotten credit in the first place and they did something wrong themselves. The thing that sucks is that people who did follow the rules will probally end up paying a significant amount more on their mortgages. People who did what they should have (like gotten reasonable mortgages) are the ones who the US goverment should concern themselves with. I suppose those people are being saved in a way, because of the liquidity being introduced into the markets that wll keep mortgage rates lower then they would be if the full brunt was felt. Things have probally placed themselves where they should be.

All people really want to know is where the markets are going? How cold anyone know for a fact. From the business books I have read, and the info I’m getting from my stock software they are goign to be going down for a while. I heard a guy talking on the radio the other day, and read in some statistics in an online article that the economy was going to be near or in recession for the next 2 years and then should recover until 2010. I know that seems a long time away right now. For the next period, until the economy flattens out, I would suggest looking to safe places like government bonds. Try to stay away from shaky investments.