Traditional Saving Is Back Again
Posted on October 15, 2007
With the possibility of a looming recession, a growing but volatile stock market, and a bursting of the housing bubble many have resorted to old fashioned saving again. It appears that the NY Times and other major media elements are making saving look appealing by writing numerous reports on the advantages.
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You have heard it hear first but the boom ain’t over…Unemployment is low…Companies have buckets of money to spend…The federal government will bail out mortgages (i.e S&L of the 80/90’s)…and there has not been a new technological item to fawn over in 5 years…If there is future growth and fevelpomnet look no further then the emerging Hydrogen and Electric Car markets…Think BMW and BP and here is the ultimate stock tip Signa Chemistry and ION America (this is gonna be really big) … …with additional capability creates additional markets and therefore more job growth…think how many H2) converters, how many gas station convertors, how many hydrogen manufactures….with the price of oil it is the perfect storm for change…