Monday, September 03, 2018

financial straws

Americans are going broke- in fact, most of them are broke, but rotating lines of credit allows them to still spend.

The only reason we have not faced the 1929 style crash are those ubiquitous credit cards. Meanwhile, we are still working 3 jobs just to pay the interest on those credit cards. How long will it take to break the vicious cycle of spending?
Spending makes us feel good and accomplished. We spend to hide the fact that we work ourselves to the bones just to sustain our lives and make the very few very rich.

Right now, healthcare/health insurance are major financial bloodsuckers. But most of us sally on, even though in the back of our minds we are wondering if we are going to pay the dentist or the pharmacist.

But yet the retail market is as strong as its been in 30 years.

What straw is going to break the camel's back? For many it has already been broken.

I suspect rising gas prices will impact us... but yet as oil prices rise, solar and wind and other renewables prices are dropping. So if you have the cash to switch over, it ends up being to your advantage.

Interesting puzzle . . .

Any insights?

Saturday, September 01, 2018

Prayer and the Time Line

Prayers are not static in time.
They have to power to move things forward and back, to set up the little details that are needed for miracles and tender mercies to occur in our lives.