Whacky World

It seems that every day you hear some new "bad"news about the economy, "... we're in a recession...", "... cost of goods are going up...", "... unemployment is rising..." and a lot of other gloomy predictions. I don't wish to downplay these concerns, but I do believe that fear begets fear. As the "gloomy" predictions continue people start thinking, "...m-m-m-m-m maybe they're right..." and they start to change their behavior.

Some behavior is good to change - save more, spend less on credit, and plan your financial future. I know first hand that people are changing their behavior. In my little (and it is little) corner of the world of finance, people are saving more (my deposits are up) and are spending less (loans down a bit). Economists will say that these are the signs of a recession - I say they're signs of people waking up and paying attention.

I grow tired of the gloom and doom. "6% unemployment..." Why can't they say, "94% of Americans are employed.". Perhaps good news is not news...

If you have good news- please, put it in a comment to this Post...

Have a great day!!!