WORDS OF WISDOM #4 Beware the Pied Piper

Thursday, January 29. 2009

4. We keep hearing of “terrible economic times”. Really? Many Americans have been grossly over extended in their debts, their reach far outstretching their grasp. They have bought houses and vehicles that were been grossly over priced and far bigger than needed. Many people have been greatly overpaid for what they do. If people have more than they need but do not have less than they need, that is not bad. If people have less than they want, but do not need, that is not bad either. Lenders and borrowers alike have behaved badly and now must pay the Piper. (The poem about the Pied Piper is very apropos- http://www.indiana.edu/~librcsd/etext/piper/text.htm)

Posted by Cal in Current Events at 13:27 | Comments (0) | Trackbacks (0)

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