The winds of the wolf’s breath are coming back to haunt us, again. Amid the talk of deflation and of falling house sales, gold has found its way to the $1240s, and silver is in the $19s.
It’s been two years since the crisis blew up, and people are still unemployed and still in debt. There are those of us in bubbles (and you guys know who you are… and I admit that I somewhat belong to this group, too) who are doing fine; we have jobs, we have some savings, and not too much debt. How do we reconcile this reality with the storms brewing outside?
Is the economic system a house made out of straw, or out of bricks? The clouds on the horizon are dark, and there is still no telling if they are headed our way or will simply pass us by in the distance. Is your own financial house in order, should the winds and the rains come?
Here are some interesting articles I read this week:
- The Wise Buck: Real Estate Forecast: The Structural Shift Underway In the Housing Market
- The Passive Income Earner: What is a real estate bubble? How is it defined?
- Darwin’s Money: 5 Ways Obama is Wrecking the US Economy
- Geek Politics: U.S. Unemployment: When Can We Expect to See Real Job Growth Again?
- Mises Economics Blog: Nine Principles of Economics
- Personal Finance By The Book: What Health Care Reform Means for Health Care Workers’ Salaries
- The Daily Capitalist: Housing and Jobs: The Underlying Problems Are Re-emerging
- Let A Thousand Nations Bloom: David Sloan Wilson Hankers After a Paradigm Shift in Economics
- Canadian Business Blogs: Larry MacDonald: Housing price indexes and timeliness
- Financial Samurai: Small Business Owners Encouraged To Fire Employees Before Tax Hikes
- The Biz of Life: Did Cash for Clunkers Succeed?
- 20smoney: It’s All About Housing