Where do er go from here? (Who will lead us???)

Just a quick post of a recent meeting where US Treasury Secretary Timothy Geithner admits to Representative Paul Ryan that the current proposed budget plan is a sort term plan at best. That sounds fine until you realize that it is really a matter of kicking the can down the road.....that this is NOT leadership. That is is exactly how we got into the mess we did in 2008.....that this is the problem that was laid out for us by Ross Perot and Morrie Taylor back in an election primary in 1996!

At that point I can see why people resisted getting excited about it all....but we have just survived a problem decade, are living with an imploding Europe as I type and have our debt problems staring us square in the kisser.....the TIME IS NOW for action!

Now what? I suggest we deal with out problems and not bury our heads in the sand.

As for what we personally do besides vote for people addressing things.....I suggest diversification of assets and around the world!

So perhaps being a Millionare is a matter of being Frugal.....gee, what a shock!

This is pretty funny......an article that describes the path to wealth as one where you "save" and basically spend less than you make.

Hmmm....this is what my parents said to me every single day of their life! What a shock.

All you had to do was talk to anyone who was the product of the great depression, and I suspect you heard the same tome. My parents didn't know anything about leveraged investments......or buying on margin......or any other fancy financing. (debt) In fact, what they knew about that sort of this is that THIS is the thing thta created the depression......investors buying stock on margin and not having the ability to cover what they owed!

So this Motley Fool article seems so funny to me....because they seem to think they have discovered some new truth.

Don't get me wrong.....I'm far from the perfect saver.....sure, I try to be frugal, but I'm not sure I match my mom and dad in so far as their saving and still being generous....but I can see that this "live within your means" stuff isn't some sort of new personal economics....it is back to the future stuff for sure! (lets hope we don't go all the way back by having a depression though)

Live and learn.......

I think I have entered the Investment Twilight Zone.....

I was looking at the news flash of the past few days and instantly said to myself.....

"Eeek, our economy is slowing way down. Perhaps I should be worried."

What am I talking about you ask.....

• It started with this report that mortgage foreclosures were way up.
• Then there was this report that the federal government is stepping in to protect us from the increases of forclosure.
• Then there was this news that producer prices have dipped because of a poor outlook for sales and home builders are gloomy.
• Then...I see the Federal Reserve making a bigger then expected rate cut.....ouch, the economy seems to be on the slide to me. They are normally very slow, deliberate and conservative.....this worries me.

So at this point I'm thinking.....yikes, slowing economy, recession.....what do I do with my stock and bond investments?

• But what happens instead......first I see this report where Wall Street seems to love this news with the Dow going up a record amount....the highest single day increase in 5 years!
• But if housing loans are a problem.....we must be stressed for credit, right.....YET, this report shows that credit card stocks are on the rise!
• Maybe I have my mental model wrong....surely housing stocks can't be up, right? WRONG....check out this report as they too seem to have risen today.

How does all of this work? Is this the twilight zone?

What am I doing wrong here? Where can I go to learn how to read the market?

People say the market is the best judge of things.....am I missing something?

----- CONFUSED and WORRIED -----