The most dramatic bubble wave that happened in United States in the past 10 years , is the total economic boom to our nation and gradually toward the world. The future looks bright, with the sky is the limit. The universal chipping infinite money, world currency keep on pulling to the market. Greed play in a major role for investors pitching in, money were spending, earning, and exchanging hands. The world looks impressive, with luxuriant lifestyle home, lavish vacation spending uncontrollably. The spins of prosperity is on the roll , materials purchases, big binging shopping's, things upgrade in a high contempo fashion way. Outing to Restaurants , hotels, resorts outlash spree. But when the bubble busted, financial market crunch, dropping more than 50% that change the en-tile world.
What a roller coaster ride that we are in ! First is the Dot Com cyber business bubble, second to the energy,oil market bubble, third to the stock market bubble, fourth to the real estates bubble, fifth to the Dubai's 21st century boom investment, six is the Gold commodity; and may be I left out some other bubble like technology sector , banking credit financial sector,national security defense... so a hint for next hype could be the green environmental bubble.
Now, the ugly truth, though, is that the U.S.Dollar is sinking, after surviving the last year's market meltdown, wipe out showed the vulnerability of the financial world ahead. Recession bring on deflation,and to inflation, put that in terms of the original building up our nest egg , at the end when it is our time to retire , with this tough time ahead in the financial market have left the average retirement account holder worse off that 10 years ago, a shrinking retirement savings. It is time to be "the virtues of cheapness", in the sense that it creates financial security . Perhaps in self control to spending, interest in frugality and live life prudently in decision making.
What a roller coaster ride that we are in ! First is the Dot Com cyber business bubble, second to the energy,oil market bubble, third to the stock market bubble, fourth to the real estates bubble, fifth to the Dubai's 21st century boom investment, six is the Gold commodity; and may be I left out some other bubble like technology sector , banking credit financial sector,national security defense... so a hint for next hype could be the green environmental bubble.
Now, the ugly truth, though, is that the U.S.Dollar is sinking, after surviving the last year's market meltdown, wipe out showed the vulnerability of the financial world ahead. Recession bring on deflation,and to inflation, put that in terms of the original building up our nest egg , at the end when it is our time to retire , with this tough time ahead in the financial market have left the average retirement account holder worse off that 10 years ago, a shrinking retirement savings. It is time to be "the virtues of cheapness", in the sense that it creates financial security . Perhaps in self control to spending, interest in frugality and live life prudently in decision making.
It is time to revive my faith , believe in diligence, modesty, and put every earthly temptation out of sight, out of mind. Start to recount , and count my blessing one by one.
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