Saturday, November 8, 2008

So you think you have difficulties?


The above is from IMF data. It is a bit old (goes back to 2007). However, for all you people out there in good 'ole America who think your lives suck, think about the fact that you spend much less on fuel, food and "drink" (excluding booze and lattes), than many of those on the planet. On the other hand, that excess cash allowed you to buy real estate and commodities futures. Or you are spending big bucks servicing your debt. But what you do with your spare change is your decision and YOUR problem. Next time you have cash burning a hole in your pocket, consider CDs (no, not Maria Carey, T-Pain or whoever; I'm talking about "Certificates of Deposit". Check with your local banker if you don't know what that is!)

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