October 5, 2008

• Understanding the Financial Crisis

  The following two articles are a must-read if you're interested in understanding what's driving our current economic problems:

  The Monster That Ate Wall Street - Newsweek

  How AIG's Collapse Began a Global Run on the Banks - Porter Stansberry

  Getting your head wrapped around the reasons for our financial situation is the first step in avoiding its problems. If you're careful, you may even be able to use it to your advantage. I do think that if you're able to preserve cash, you'll be able to pick up assets for pennies on the dollar.

  • 10:48 pm
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