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Getting it back on track

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11:28 AM, 2008-Oct-9 .. Posted by Isabella

I have days like this. I laughed about your cape. God Bless. I

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9:03 AM, 2008-Oct-10 .. Posted by Lynne

Amy,
I hope you don't think I am trying to make you feel worse, but I think knowledge is power.
When you have time, google "Nouriel Roubini". He is NYU Finance Professor, and he has been exactly right on all of his economic predictions for the past two years.
Yesterday he said there is a high chance that we are entering a worldwide economic depression. I am just telling you this because you and I are like minded. Get ready. I know you are close to paying off your debt. Keep going!
Think about how those who made it through the last depression did it. They did without, shared with their families, took in boarders to their home, grew what food they could, etc.
Unfortunately, unemployment is going to skyrocket. In the last depression, not everyone lost their jobs. The people who kept their jobs, however, took big pay cuts.
Your home may turn out to be your best asset if you need to take in paying family members/friends to supplement your possibly reduced income.
I know this may sound crazy, but Nouriel Roubini wouldn't say something like this lightly.
I am very frustrated because we had warned family members this spring that the economy was going to worsen and the stock market would be going down. We practically begged my MIL to put her money into short term US Treasuries (very safe but very low interest paying). She just sniffed at us and said she had a "financial advisor" and he is not recommending anything like that. She has probably lost 40% of her life savings by now.
BE VERY CAREFUL
I realize God is in control. However, although it says in the Bible that God provides food even for the smallest bird, he doesn't throw it in their nests.