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moneysense.ca, 16/10/09
Great lessons from the Great Recession
What have we learned from the Great Recession?
Current issue:
Economists are still arguing over the cause of the Great Depression, and its lessons. But there’s no time like the present to start writing the history of the Great Recession of 2008. What have we learned? I’m curious to hear your thoughts.
Which economic rules held up?Which ones didn’t? Which personal finance 101s did you most appreciate following? Which ones do you wish you hadn’t forgotten? Email me at rob.gerlsbeck@moneysense.rogers.com
moneysense.ca, 16/10/09
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Watch Hockey…
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This Red Wings series is really good but I figure the Sharks will win the NHL Playoffs this year.
Nice read, I just passed this onto a friend who was doing some research on that. And he actually bought me lunch as I found it for him smile Thus let me rephrase that: Thanks for lunch! ofertasuksesi vetura
Hi
Saw you on Canada AM this morning, You did a terrific job.Say hi to Lisa. Hope to see at a hockey game soon.
Pete
I think that both macro and micro economic rules held up good, such as, the interest rate on the economy. Each economic rule has its own assumptions. The ones that did’nt work out well…may be because the assumptions were omitted or not followed. For example, people greeds to purchase properties by using someone’s money (banks) for speculation purposes.
No economists or risk managements would formulate rules for greedy crooks that would poisoned international banking and financial systems. Since banks and financial institutions are the blood streams of any economy, therefore, it was not surprising to watch Great Recession 2008 existed with bad financial blood; still is.
I appreciated most in personal finance 101s is my wife’s motto… “save and invest in safe portfolios like GIC and bonds”.
I wish that I had forgotten to take my broker’s advice to diversify my portfolio in buying foreign securities that I’ve lost a fortune.
I think I’ve said enough. It was a good lesson for us all.