Stocks And Weather
“We cannot stop the rain, but knowing it is going to fall can prevent ourselves from getting drenched.” – ancient Chinese saying.
NOW: California will begin issuing IOU’s on February 5th, because it will be out of money on the 4th. Even the funds it has borrowed are will be gone then. New Jersey is in the same situation, as are many other states in our great nation. That’s their problem, you may be thinking? Well, it’s our problem too. Our government will have to bail them, meaning us. States with no money can’t pay unemployment benefits, state employee salaries, buy stuff that its citizens need to survive, etc. The house of cards continues to crumble, and we are no where close to any economic, real estate, or stock market bottom. Continue reading