Is the road ahead paved with good intentions? We can’t just erase our debt, can we? Printing money to bail us out will have consequences down the road. This euphoric consumer confidence high we are on is a nice walk temporarily, but eventually the eraser will run out. Our children will suffer our overzealous lifestyles that have been built on margining our buying power on 18% interest credit cards. We are rewarding bad behavior, while we play the blame game. Projection is the new form of denial. Not paying the consequences for our actions leads to a no pain, we gain mantra. It’s a greedy pattern that will spread, into the next generation. Our children will succumb to poor financial behaviors that were formed by watching the foolhardy examples that have been set forth in front of them. Real growth comes with humility, honesty and security. Procrastinating the inevitable, by kicking the can down the road is a sign of weakness. Our leaders can’t take a loss. They are holding on to a losing position. It’s the elephant in the room, that will grow in magnitude over time until eventually it just might erase us. Happy Trading, The Stock Whisperer
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