Economic Hard Truth Week in Review – Bad News Overload Edition
To be honest, Mr. ToughMoneyLove is mentally fatigued from the avalanche of economic data and political news this past week, most of it negative. I am particularly disappointed that any lift in the markets that should have been caused by passage of the “rescue bill” on Friday was overwhelmed by the horrible data from the manufacturing and employment components of our economy. The hard truth is that the economic data is more reflective of where we are than any political pronouncements from Washington.
I did participate in several personal finance blog carnivals this week. There is some outstanding analysis and commentary about recent tumultuous events to be found in these carnivals so I encourage you to visit each of them.
The Carnival of Financial Goals hosted by My Two Dollars included my post on How to Be a Money Strategist to Reach Your Financial Goals (Part 2).
Funny About Money hosted the Carnival of Money Stories #78 and included my post on Reviewing My Social Security Statement in a Time of Financial Insecurity.
The Skilled Investor selected my article on Protecting Your Spouse in Your Financial Plan from Claims of Creditors for the Carnival of Personal Finance.
Don’t forget the Personal Finance “Synchroblog” Project on October 7. Ten personal finance bloggers will be simultaneously publishing their thoughts in response to the same question: “What is the single most important initiative that the next administration should undertake to improve the economic health of the U.S. middle class?”
The answers from each blogger in the project will link to the answers of each other “synchroblogger” so that you can easily move from one to the next and get different perspectives on this important issue.
Be sure to check here on October 7 and begin your review of the synchroblog posts to prepare you for the Presidential Debate that evening.