Allen Fuller

The Chickens Come Home to Roost, But Have We Really Learned from Our Mistakes?

notsosmart has a point. At least some of your "emergency fund" should be in actual physical goods that you could use. Not just tuna, but other canned goods and food that you can eat if all else is lost. I'm not saying it's the end of the world, but let's say you lose your job and can't get a new one for 6 months. Wouldn't you feel better having a 6-month supply of the basics, than a 6-month supply of money which might get inflated at any time?

Obviously you can't store it up for retirement, but a food storage plan should be part of anyone's hedging against the risk of inflation, job loss, and so on.

The New Normalcy

Bush is to blame for everything, even the cold you caught last year. I'm no fan of Bush but this is just ridiculous.

Actually, it is the Democrats who kept pushing for the mortgage industry to make all these sub-prime loans. I know life is hard for people at the bottom and I sympathize for their situation, but the solution is NOT to give them loans that they cannot repay! It just makes their lives more difficult later on as well as eventually putting the entire system at risk as we have seen.