March 2010

America is Suffering from Financial PTSD

When Barack Obama was running for President, he promised change and the end of back room deals. He won in a landslide. Now more than a year since he took office, nothing much has changed in the eye of the public. The back room deal-making and the pork amendments the Democratic leadership has shamelessly heaped onto the Health Care Reform bill to ensure its passage look just like business as usual. Why should we believe our “leaders” when they tell us this new healthcare proposal will be better for us? Or save money in the long term?

The Recession of Fear

This week marks the one year anniversary of that dreadful day in March 2009 when the Dow hit 6470. The only real difference between then and now is the “Recession of Fear.” It is not clear that things are a lot better now than they were then other than we don’t think the banks are going down for the final count. For most of us, it’s still hard to get credit, a mortgage or a loan. Unemployment seems frightfully high. Consumers are mostly keeping their wallets shut. The big change is that fear has definitely receded. However, fear of stocks remains very high.

Health is Your Most Valuable Investment

Money is important, but your health is by far your most valuable asset. The benefits of exercise are obvious and well known. If you don’t maintain your body and your health you’ll be left feeling tired, sick, depressed or stressed. Oh, you say, I don’t want to make the effort. It’s boring. It’s hard work. I don’t have the time.