Tuesday, September 30, 2008

lay yer money down

scarey times we're living in. I'm not a finance expert. I've never dabbled on the stock exchange. When someone says hedge fund I have a mental image of a jam jar stuffed with cash stashed under a hedge. And given the current state of affairs that jam jar may well be the safest place for our hard earned. After all the scare and rumour dies down, and all the billions that exist only as numbers on spreadsheets have disappeared, where will we find ourselves?

Will it be like the early nineties when all the work dried up and owning a house seemed like an impossibility? Will it be something different? Will the landscape be littered with indigent groups of bewildered baby boomers whose self funded retirement has just been wiped? Can Gen Y kids survive on the dole like we did? Will Gen Xers like me grit their teeth, tighten their belts and cough up the tax that will fund the inevitable drift back to government welfare that is gonna come as sure as Christmas. It's hard to say. Whatever it is, the next few years ain't gonna be fun. No fun at all......

3 comments:

Manuel said...

but you know what? give it a few years and the cycle will start all over again. The lessons wont be learnt and sometime later it will happen all over again.....

cogidubnus said...

I think what everyone's trying to tell you is...don't invest in property right now unles you can get it at an absolutely tight rip-off price...and if that means denying a mate support, for christsake do it!

BK said...

When I think 'hedge fund' I think of saving up for a hair cut.