Democrats and Republicans mixed the Perfect Economic Storm.  A big part of the collapse of Wall Street should rightly be put at the feet of the Wall Street Bankers.  These are the ‘experts’ who were charged with managing the bank’s resources.  Our government sanctioned lunacy in the banking industry - but that does not excuse [...]

Son,
We in this country are on the verge of a recession. I see two realities in this prediction - one is an academic understanding of economics - the other is the real human disaster of poverty and despair. I’ll speak first to economics - it is important to understand some basic principles.
A recession is generally [...]

Son,
We in this country are on the verge of a recession.  I see two realities in this prediction - one is an academic understanding of economics - the other is the real human disaster of poverty and despair.  I’ll speak first to economics - it is important to understand some basic principles.
A recession is generally [...]

Son,
You and I are of different generations - how obvious is that. What is less obvious is what it means to be of different generations. I am a baby-boomer, you are a nut case child of the seventies. Such is the case with labels. But the cultural influences and differences of our lives are real. [...]

Son,
Budget, budget, budget.  Plan, plan, plan.  Then execute the planned budget with resolve.  There are some general rules - and some specifics.  For someone with no plan - plan.  For someone with a plan, expand the plan.
But why save - what is the purpose?  There are many reasons - retirement, security, education of children… But [...]