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Your money and/or your life!

May 14, 2011 1:48 PM ET
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Seeking Alpha Analyst Since 2009

Michael writes political and financial markets commentary, opinion and analysis at The Political Commentator.
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What events now and in the future could impact your money and your lives?

Upcoming events both inside the US and outside the US have the potential to effect our economy, our investments, our ability to retire and the cost of those items that we really need to survive on a daily basis (aka food and gasoline)!

The Greek debt crisis, US debt ceiling and declining home prices

What are they? Well, this is a short and certainly not a complete list of some of the upcoming debates and existing situations that are all bubbling and that need to be understood. More to follow.

Why stay aware? Because all of our money depends on it!

  1. EU debt crisisFor the moment the center of the EU debt crisis in Europe is centered in Greece, a country that had its obligationsrestructured once and who needs that to happen again or face bond default which would have  a wide-reaching impact not only to that country but the rest of the EU and around the world.
  2. US debt ceilingThis is a story with an immediate potential impact to the United States. The federal government is at its legal limit to issue more debt. The question being debated is whether the limit should just be raised as it always has been in the past, or whether sharp and verifiable spending cuts need to be implemented at the same time. This is a hot-button issue and one that will be strongly debated inCongress.
  3. The US housing crisisWhile home prices continue to fall, the foreclosure crisis and mortgage fraud issues are beginning to move to center stage. At the end of the day this has the potential to severely impact the banks in terms of fines and penalties, but the slowdown to a crawl in the process of home foreclosures will maintain a huge “shadow inventory” of homes set to come onto the market. Prices will have a difficult time moving higher while that is the case.

There will be more to follow, but what are your thoughts on these? Potential game changers or just more business as usual that will be resolved because they always are?

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