Financial industry fears and hopes
The time of financially unstable world may be interesting or scaring,
but I think it's definitely better to have debts than savings now.
If US or Canadian government decides devaluate their currency it may bring a lot of chaos to markets (not financial markets only) but a dollar falling 50% makes your debt falling the same as well. And at the same time your savings fall the same time... if you keep them in mutual funds or just banks of course...
but I think it's definitely better to have debts than savings now.
If US or Canadian government decides devaluate their currency it may bring a lot of chaos to markets (not financial markets only) but a dollar falling 50% makes your debt falling the same as well. And at the same time your savings fall the same time... if you keep them in mutual funds or just banks of course...
This entry was posted by Admin, on
Wednesday, June 24, 2009.
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