Economic Food for Thought
Posted December 5th, 2007 by Wes Moss
- The WEAK DOLLAR - means that Chile is the new Europe. The Euro is too expensive for even the rich to enjoy a trip to the leaning tower of Pisa. Take your money to a more exotic, more adventurous, and cost more effective destination. PERU, AGENTINA, BRAZIL! In Argentina you can ski or surf, find more culture than in the hills of Tuscany, and buy a steak for 5 bucks! So as a consumer, send a message loud and clear to Sarkozy, that his wine is too expensive and that you’re heading south for the winter!
- INCENTIVE PAY: Personal income has been climbing faster than GDP growth for the past 5 years! This is an enormous beacon for the US economy and shows that you as a consumer and worker are more in demand than ever. It’s time for you to kick this trend up a notch. Go land a new account. Go ask for a raise. Go find another company that is willing to reward your diligence and commitment to growth. Bonuses are your friend. They are the fastest way to securing a retirement nest egg that will last – and you don’t have to work for Goldman Sacs to get one!
- Your Mortgage Payment Through the Roof! In the next 12 to 18 months, more than 2 million homes may go into foreclosure. I say may, because you, can prevent it. The crooks that made these teaser products were capitalizing on the “American Dream” the same way Benny Hin promises to heal a crooked leg and a blind old lady with a slap on the forehead. The good news is that the handful of mega banks and less than 300 smaller publicly traded regional banks don’t want the keys to your house back. They are GOING to be forced to renegotiate…and your job is to convince them that your rate should be reset to a reasonable, digestible new interest rate with a payment you can afford! And that doesn’t mean a 9% reset. The banks WANT you to keep paying and they will be forced to renegotiate the criminal product they sold you in the first place – not to mention the government is stepping in now to save people who have been swindled!
