To Panic or Not To Panic…that is the question
Ok everyone take a breath and have a little faith in the free market system and yes I dare to say it…the capitalist system.
1. Someone is going to benefit from this. Sure it will get tight but we will do fine. If you have followed the basics of keeping a healthy balance sheet and running your homes and businesses well…then you wont have an issue. If you have borrowed your way to growth….tough darts….take your medicine and learn from it.
2. The errors on wall street are the same ones on main street….business is business. The decimal places just create smoke and mirrors. The key to survivial in both good times and bad will be your cash position….be liquid
Source: To Panic or Not To Panic…that is the question
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