In both good times and bad, good information is a valuable asset. This is especially true when it comes to economic decisions, such as where to look for work, what jobs to do, what to invest in, where to live, and so on. Good information is needed for good decision-making, and from there one can build healthy personal finances; bad information can reverse years of hard work and careful planning.
When times are good, like what the United States have enjoyed until a few months ago, unfortunate decisions can be corrected relatively painlessly. In good times, a lost job can be replaced with a similar one in a different city. Failed investments can be rebuilt within a reasonable amount of time.
However, that was until just a few months ago. Now circumstances are quite different. The information one finds tends to be muddled, confusing, and just plain wrong. In this economic turmoil, unfortunate decisions are much more harmful to personal finances. Good information is more important than ever before, and is a scarce resource.
It is with this blog that we hope to provide good information to the public. We also intend to help enlighten you, the Reader, about the truly grave economic situation. The present economic downturn is not, as some claim, a mere correction with renewed growth to follow soon. Rather, this is the start of a new Great Depression. Furthermore, unlike the Depression of 1929-1939, this one is not an interruption of continual economic growth, but the first of a series of economic contractions lasting the rest of our lives.
Do not think, Reader, that we say this lightly. We are no doom-and-gloomers; we do not believe industrial civilisation is coming to an end, only changing form to fit new realities. The details we will get into in later posts, as well as advice about adapting on both personal and professional levels.
We are hopeful that society and the economy can adjust smoothly. To help this process, we hope to be level-headed voices of reason and optimism. Good information will be vital to make the choices needed to thrive.
When times are good, like what the United States have enjoyed until a few months ago, unfortunate decisions can be corrected relatively painlessly. In good times, a lost job can be replaced with a similar one in a different city. Failed investments can be rebuilt within a reasonable amount of time.
However, that was until just a few months ago. Now circumstances are quite different. The information one finds tends to be muddled, confusing, and just plain wrong. In this economic turmoil, unfortunate decisions are much more harmful to personal finances. Good information is more important than ever before, and is a scarce resource.
It is with this blog that we hope to provide good information to the public. We also intend to help enlighten you, the Reader, about the truly grave economic situation. The present economic downturn is not, as some claim, a mere correction with renewed growth to follow soon. Rather, this is the start of a new Great Depression. Furthermore, unlike the Depression of 1929-1939, this one is not an interruption of continual economic growth, but the first of a series of economic contractions lasting the rest of our lives.
Do not think, Reader, that we say this lightly. We are no doom-and-gloomers; we do not believe industrial civilisation is coming to an end, only changing form to fit new realities. The details we will get into in later posts, as well as advice about adapting on both personal and professional levels.
We are hopeful that society and the economy can adjust smoothly. To help this process, we hope to be level-headed voices of reason and optimism. Good information will be vital to make the choices needed to thrive.
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