Keep climbing your financial ladder and be conservative with your cash and investment, no matter what the stock market says. People are still losing jobs. Save money. And as usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show August 5, 2012 on WSB Radio.
Did the economy actually lose 1.2 million jobs rather than gain 163,000, according to a Washington Post blog? That’s a huge disparity. It appears possible if you delve deeper into July’s numbers from the Bureau of Labor Statistics. My message for the week: stay the course and keep climbing your financial ladder. It’s crazy out here.
Whether the stock market is at or lower than 13,000, keep climbing your financial ladder and be conservative in your investment. The market is bullish only because the rest of the world looks so awful. People might be less scared about the U.S. than anywhere else but I still believe it’s a bubble.
Save money and don’t go on any rash spending sprees. In case you missed it, the price of gas jumped 75 cents on average nationally in just a week. Consumer sentiment is down and drought is up. According to the USDA, 63 percent of the nation’s corn crop has been affected by drought conditions. We got an inch of rain in Chicago last night but Midwest corn needed that water in July.
With less feed corn and what is available sitting at a higher price point, farmers will have to start slaughtering their cattle. Look for higher food prices and a meat shortage in the coming months. Save money. Keep climbing your financial ladder. I don’t care what the stock market numbers say.
The numbers are nuts and unreliable. We just don’t know what’s coming. Now is the time to play it safe with your money and your investment strategy.
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