this is the aftermath of a mania, emotionally. We have went from euphoria, optimism and a positive view of risk. To socially and fiscally conservative as the backlash to the previous times. Everyone views anyone as a snake oil salesman. In this type of social mood. Distrust, fear and such. The funny part these are the same people everyone was hinging on their every word during the mania.



The problem 90 percent of the world faces is they want luxury items and for people to view them as successful. They just choose not to do the things to make this happen. So they artificially do it with debt. Which once you go down that road its hard to go back. That's why the people pushing the speculation type RE Deals did so well. People feel they deserve free money. I know many people who looked at these deals as a way of getting out of debt. Now its financial Armageddon for them.



The level of Leverage in relation to Level of savings in this Country scare me a bit right now. My 3 children have more in savings than most people I know. We only allow them to spend half of their birthday money and other funds they get, the other half goes in the Bank.



The basic principal my grandfather taught me is that one thing defines who you are and where you are in society!



what side of the compound interest equation are you, giving or receiving?