Ok so by now everyone has heard the news about Lehman Brothers and AIG.  The questions is how bad are things going to get? In a country where debt is unavoidable all signs are pointing towards things getting worst. Looks like AIG has received a life line from the government but will this be enough to bring order back to what looks to be the worst stock market we have ever seen. With most of our retirement money tied up in these types of companies things sure don’t look pretty.

Most analysts, financial planners and stock brokers always tell people “don’t worry this is a correction” or things like “the market will bounce back”. Yeah right! Try telling this to your clients that were planning on retiring this year or in the next 3 years. I truly want to know what their clients will say when hearing that.

I am by no means a Economics PHD nor am I some financial guru, but I can tell you this if things keep going the way they are going and The US cant borrow a dollar or lower interest rates to induce more spending….things are only going to get worst.

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