The auto industry tanking and asking for bailouts. Banks going under. Tech companies like Nortel filing for Chapter 11. The housing industry is in a shambles as well as the mortgage industry. The dreaded “D” word is being mentioned. Unemployment is on the rise. 2.5 million permanent jobs have been lost with many more expected before the end of June. Unemployment ran at 20% during the depression and some current projections are saying we might hit as high as 25 – 30% before the year end. [i][b]Will your job be one of those lost, for good???[/b][/i]
So the questions are: How safe do you feel and what precautions are you taking??? What precautions are you not prepared to take??? How will you protect your assets from foreclosure and/or siezure???
Which approach do you prefer: The ostrich approach(head in the sand; it can’t happen to me) or the whistling past the graveyard approach (the economy has me scared schitless but, I somehow hope I can survive)
Whichever way you’re leaning, or not, now might be a good time to [b][i]really[/i][/b] give it some thought.
For what it’s worth, I’m reasonably safe. Debt free, fully diversified and am considered suit proof by my lawyers (translation:you gotta be able to find it to sieze it)
[b]Dawg[/b] ]:)
