The news in the newspaper media and creeping on to TV news as ‘breaking’ (this was building for a while), is what sounds like real trouble in the investor markets.
If you were an average 401k investor, what should you do to try and save your retirement money?
My instinct, since I am not retiring any time soon, since I have a fixed rate mortgage and manage my debt responsibly, is to stand pat. But I wonder if that is the right path if you are about to retire? Or if you rely on your investment income.
Don’t look to the policial blogosphere either. They were too busy talking about ‘lipstick on a pig’ and ‘ominious photos’ to have discussed this. There are financial centered blogs – but as with all media – we subscribe to what fits our communities of interest. Hopefully you were subscribed to a good finance blogger. Not me. Wish I was.
Shout out to Metafilter, while a general interest link community, there have been a few discussions over the years indicating issues in the economy leading to today.
Update 7:01AM: Bloomberg TV just called it “the biggest financial shakeup since the Great Depression”.
Anyways, here we go.
Boing Boing: “America’s financial system was shaken to its core on Sunday.”
Wall Street Journal: Crisis on Wall Street as Lehman Totters,
Merrill Is Sold, AIG Seeks to Raise Cash
NYTimes: 5 Days of Pressure, Fear and Ultimately, Failure
NYTimes: Bids to Halt Crisis Reshape Wall St. Landscape
Metafilter: Brokergeddon.
Interesting Economy Blogs:
Grasping Reality with Both Hands: The Semi-Daily Journal Economist Brad DeLong
Know more? Especially those that have advice to handle this economic situation that is occurring?