Inflation

What’s a dollar worth these days? Just Tuesday, we met with our new financial adviser (for the record – we didn’t fire our last one, he quit the firm) and looked over some of our retirement accounts and investments. It’s crazy to see what the past year of recession economics has done to our portfolio. We were assured that as a nation we’re on the way out, but we still have a ways to go. The president was quoted recently stating that the answer is to “spend our way out” of this downturn. I wasn’t an economics major, but I realize that when times are tough people tend to spend LESS and save MORE. I even heard that because so many people are saving, it’s destroying the credit card industry (I find it ironic that this is viewed as a problem, but then I’m not in the credit card business). So, do we spend money we don’t have to get out of debt? It’s an interesting premise. I’ll let the econ geniuses wrestle with that one.