Highlight: After years of living happily beyond their means, Americans are finally facing financial reality. A persistent rise in energy prices will mean bigger heating bills this winter and heftier tabs at the gas pump. Job growth is slowing and wage gains have been anemic. House prices are sliding, diminishing the value of the asset that's the biggest factor in Americans' personal wealth. Even the stock market, which has been resilient for so long in the face of eroding consumer sentiment, has begun pulling back amid signs of deep distress in the financial sector. Full Story
My advice is to clear up your debt as much as possible, get ready to liquidate your portfolio and save your money in hoards. Hopefully the exchange rate to the Amero will be comparable. I think our lessons lie in the Depression Era. Get to studying.
