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financial preparedness

  1. Financial preparedness if you rely on your State for job/income

    SHTF/Survival&Disaster Preparedness
    I am posting this as a FYI rather than a political statement. I think many States will face significant financial challenges in 2020 due to the resulting unemployment rates from the Covid-19 lockdown. States Made Risky Bets with Pensions. Now They Want a Bailout.
  2. Risk of banking contagion ahead?

    SHTF/Survival&Disaster Preparedness
    A bit of an uneasy feeling here, ladies and gentlemen. I'm seeing more articles in the WSJ about risks to lenders in various sections (e.g. commercial real estate, personal housing, auto loans). The US is talking about some BIG money give-aways, but it won't be enough if there is a 10-15%...
  3. Financial prep - watch for rising interest rates, long-term impact

    SHTF/Survival&Disaster Preparedness
    My summary: Don't be surprised with continued increases in interest rates. This may cause a decline in home prices in most housing markets. This will certainly curtail spending by people who have to service their personal debt (e.g. credit card, car loans) due to rising interest rates. By 2025...
  4. WSJ - Why are States so strapped for cash?

    SHTF/Survival&Disaster Preparedness
    This may be paid content. A snippet is below along with one chart. The chart says it all. Cities, Counties, and States cannot print money like the Feds. We're headed for a hard wall. Anticipate it in your planning... Why Are States So Strapped for Cash? There Are Two Big Reasons As...