With Markets a Bottomless Pit, Concentrate on Cash Flow

As I write this, the U.S. stock markets are not yet open but Asian markets are continuing their free-fall.   The European and U.S. markets are sure to follow, after the European Union announced its refusal to help either its car companies or the hapless Eastern European economies.

The European and Asian economies (perhaps excluding China because of its strong foreign currency reserves and manipulation) are mostly in much worse shape than we are.  That is important because our recovery cannot gain serious traction without functioning export markets.   Read more