(I’m headed out of town for a funeral today, so I spent a bit of time Monday trying to write a few posts to keep you entertained until I get back. But should there be a day or so without posts, don’t worry. It either means I didn’t get anything written for that day or WordPress decided to not publish the entry – usually because I set something wrong. Let’s hope the market stays sane while I’m away.)
I have fallen behind in my Suze Orman watching. Her show airs on Saturday nights, and I always record it on my DVR, but I find that I’m not always watching it. I spent so much time reading about the economy that when I have time to watch tv, I would much rather watch something mindless. But I made a point of watching her episode this weekend. I wanted to see what she would say about the economy.
She described the current economy as being in the ICU right now. The bandages have been put in place, and we appear to be on our way to recovery, but it won’t be fast. There will be little ups and down and little moments of panic, but the economy will recover. The thing to remember is that just like when a person gets out of the ICU, they’re not immediately better. They get out of intensive care and into a regular bed, and they have to work to rehab before they get better. And they have ups and downs, advances and setbacks. Suze believes this is how our economy will react over the next few years. In her opinion, we won’t truly be recovered until 2015.
I think we all would like a quick fix for the economy, but right now, I would just like to see somewhat of an upward trend, not this series of jumps and drops. It sounds like that’s going to be the norm for a while though. And the less everyone freaks out about what’s going on, the better it will be for all involved.
I just hope those bandages that have been applied to the economy hold for a while.