Friday, January 16, 2009

Sweet spots of 2009; stocks, fuel, the economy...it ain't all bad

Last year really sucked; gas prices spun out of control, formerly rock steady businesses collapsed, people were swindled out of their last cent by criminals in expensive suits, and unemployment rates hit staggering highs.

And while many people are still reeling from all of this, there are glimmers of hope ahead; 2008 is behind us (good riddance) and we only have about 90 more hours of a Bush presidency (good riddance). I'm not exactly jumping for joy right now, but there is a light at the end of the tunnel.

So, in the words of Stuart Smalley (now Senator Al Franken), I'm going to do a terrific blog today! And I'm gonna help people!

1. Up until 2008, generations X and Y only knew a wealthy America; we now know what rock bottom looks like, and there is only one place to go from here. Maybe on the way back up, we will all appreciate the things we have a little bit more. After all, you need the bitter to appreciate the sweet.

2. We now know that if you are in commercial airliner like, oh, say, U.S. Air flight 1549, and the engine fails, death is not necessarily imminent. I never worry about dying during air travel anyway, but from now on I might pay a bit more attention to the flight attendants' safety tips instead of quietly telling him or her to shut the hell up so I can read my book in peace.

3. Many stock prices have fallen so dramatically that those of us who couldn't afford to invest when times were good (i.e. people who shop at T.J. Maxx because paying full price for anything is just plain foolish) can buy stocks at bargain basement prices now.

4. U.S. fixed interest mortgage rates hit a record low of 4.96 percent , so if you were raped by subprime lenders a few years back and are fortunate enough to still have your home, you may be able to refinance, save a bit and afford food once again.

5. We are officially moving out from under the Bush reign of terror. Did I mention we only have to call him Mr. President for another 90 some odd hours?

6. Obama.

I'm sure there are plenty more diamonds in the rough, but that's all I've got for now. Let me know what I've missed.

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