30.09.2008

The Sky is Falling!

Author: Gary Palmer

Does financial disaster loom?

With investments tied up in stocks, bonds and mutual funds, it is always disheartening when stock prices fall, banks fail, or so-called “corrections in the market” take place.  “Disheartening”, in fact. may be too mild a term to describe the feelings that arise in those most affected.  The experts don’t like to use words such as crash, crisis, or meltdown to describe these kinds of scenarios, but for the non-experts who are watching savings fly out the window, those seem to be very apt descriptions.So, is the financial sky falling?  Is there anything we can do about it?

Unfortunately, there is not a great deal that most can do.  When these incidents arise, we are told to ride out the storm, that things will get better, and generally that is what happens.  Hopefully, it will continue to happen, although sometimes one wonders.

Perhaps, though, this can help to remind us that we should not be trusting entirely in our bank accounts and stock portfolios.  Inflation, recession, job loss, economic downturns, and those awful “adjustments in the marketplace”, can do terrible things to such resources.

 It can be a belt tightening time, and it can be a time when things like food storage suddenly becomes a very useful, alternate resource.  This food storage is often looked upon as an emergency preparedness choice to be used when power fails, floods isolate, or some other act of nature deny us access to normal sources of groceries.   Yet, our home storage can also stand us in good stead in the face of manmade disasters.  It can, indeed, help us to cope with the bad times, and to provide us with some shelter when the sky begins to fall.

One Response to “The Sky is Falling!”

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