Safety First

It's cliché , but the US Economy is the Titanic, and it's hit the iceberg. We wouldn't be so alarmed, except that the captain is trying to fix the tear, when attention should be given to the lifeboats (and to improvise some flotation devices because there aren't enough lifeboats).

It's time to give up on Fannie, Freddie, GM, Chrysler, Citibank, and so on. Of course the government won't give up and precious time and resources are being wasted.

The sad reality is that most Americans couldn't conceive that the system wouldn't keep delivering the good life, and thus they were over-extended and without savings. It's too late to bemoan the fact that the USA doesn't have a proper social safety net, or decent public housing or public transportation. It's sink or swim time.

We advocate swimming of course, but you are going to soon find yourself on your own. To survive, you must sharpen your skills of observation and exploiting discovered opportunities. Amid all the disruption, life will go on. People need things and you can supply some of them, and for that be compensated. It is very simple, really. Just stay sharp and learn to make do.

Good luck!