09-20-2008, 04:10 PM
Ouch, StillHope, hopefully that was just a small percentage of the total? The markets went up again by Friday, didn't they?
I don't have the benefit of an educated financial sense so I've been studying up on it instead. For the past several years I've been watching the economy and watching macroeconomics. This has been building up for quite some time although I didn't expect it so soon. Generally this sort of thing happens AFTER the elections, never before them.
For our personal economy, we went into panic mode almost two years ago and paid down all debts otherwise we would have been in dire straights right now. We thought about refinancing to get $$$ for "stuff" like everyone else seemed to be doing and decided not to. We've been doing everything possible to cut our monthly overhead and we started two years ago. Starting then we have been able to lower our costs to cover the rising expenses and stay within budget. I have no idea how most folks are managing.
I don't have the benefit of an educated financial sense so I've been studying up on it instead. For the past several years I've been watching the economy and watching macroeconomics. This has been building up for quite some time although I didn't expect it so soon. Generally this sort of thing happens AFTER the elections, never before them.
For our personal economy, we went into panic mode almost two years ago and paid down all debts otherwise we would have been in dire straights right now. We thought about refinancing to get $$$ for "stuff" like everyone else seemed to be doing and decided not to. We've been doing everything possible to cut our monthly overhead and we started two years ago. Starting then we have been able to lower our costs to cover the rising expenses and stay within budget. I have no idea how most folks are managing.
Kurt Wilson