Less Glitter and More Gold Today in World

Less Glitter and More Gold Today in World
There is the ability for promoters and marketers to sell glitter and not gold. I woke this morning to learn the USA stock market was receiving it punishment for not making sound investments.
Taipei, Taiwan
Tuesday, September 16, 2008
Blog of Andy HoboTraveler.com --- --- Travel Bag Design Survey --- Professional Traveler Bag

I am sure many people are sad today as the USA stock market dropped by over 500 points.

However, all that glitters is not gold, and when the spin of promoters and marketers sell glitter, there must come a day when the genie comes out of the bottle.

Less Glitter and More Gold Today in World


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Bad, bad news on wall street today. Nouriel Roubini, an Iranian Jew (now US citizen), and one of the brightest economic minds I am familiar with Is predicting US headed not for recession but depression. Worth noting because he is one of the few who have predicted our economic mess up to this point. A year ago others saying things were fine; he was voice in wilderness saying no they weren't. So, now I am believing the voice in the wilderness. He is Predicting hundreds of banks across US will fail and collapse before this is over, and that home prices will fall 40%. It looks like travel may be a forgotten luxury before long. I suppose I'll still load up a rucksack and just take off walking if I have to. But affording plane travel and rail passes may be a thing of the past.

Life - Ups & Down
But all that glitters is not gold.

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