Over the weekend, my parents came to visit. At one point, we were talking about the experiences I had during my college days, and they mentioned that when I would move in and out of the dormitories, it would require a pickup truck to move all of the stuff.
As I write this, the stock market has just completed the single best day in its history. This follows the worst week in its history, in which the market lost approximately 20% of its value (depending on the indicator you use).
During the summer of 2007, my wife and I purchased our first home. We spent tons of time doing homework and we are still very happy with our purchase, but as first time home buyers, there were simply some things that we didn’t fully understand that fell through the cracks during the process.
After writing my piece yesterday on fear and the economic situation, a very eloquent reader named “Maggie” wrote to me:
I completely agree with your assessment on the economy, particularly if you’re young. There is no crisis that is well served by panic and I don’t think that the current economic situation is anywhere near as bad as the Great Depression.