Its the economy stupid...

I often post about the economy and I often say that it is better then the Democrats say it is; however, it is worse then the Republicans think it is.

The truth is there are some economic indicators that are good and some that are bad...

I have always felt that a major global recession is coming in the next ten or so years; however, I think it is likely to come within the next five years at this point.

Both Democrats and Republicans are turning a blind eye to our economic problems and instead are trying to spend our way out of our short term problems. This will possibly work short term; however, in the long run it is just making the recession worse when it finally hits us.

I suggest that all of the readers of this blog take a few steps towards protecting themselves and their families from future financial turmoil:

1. Stop spending as much money as you are spending. Most of us need to "tighten our belts" and spend less money.

2. Save money.

3. Diversify your investments.

Mike Sylvester