Chicago’s rejection by the U.S. Olympic Committee may be a metaphor for what’s happening with our economy: our belief that we were in the early stages of recovery was actually wishful thinking. The terrible news about unemployment continues unabated by the effects of stimulus spending. As the Penny Jobs blog wrote this week, a jobless recovery is no recovery at all. Now for some more reading suggestions: Read more
Mr. ToughMoneyLove has several times mentioned on this blog that he likes to refer to himself as a money strategist, not a frugalist. By that I mean I make sure our long term investment plans are fully funded, that we have adequate cash reserves for emergencies, our debts are eliminated, and our essential costs of living are covered. After that, I pay a lot less attention to spending. Based on recent events, I may need to reconsider things. Read more
You are probably thinking: “Enough with the facts and figures already, Mr. ToughMoneyLove. We want to read how we can save and invest in this awful economy.”
Hey – I feel your pain. I’m asking those same questions. I don’t have confidence that the government can provide the answers. Instead, I’m looking for answers in the data that are available. At least the government can provide data.