America has declared recession.
"WASHINGTON - The United States is in a recession and it's getting worse. Wall Street convulsed at the news — and a fresh batch of bad economic reports — tanking nearly 680 points."
Read more here.
If you have received your Christmas bonuses already, be sure to save a substantial amount from what you have received. The world will survive this financial crisis but there will be a tough road ahead for us all next year. It won't hurt if we all practice the value of Prudence nowadays. Let's all spend wisely.
And for those who received or will be receiving bonuses this Christmas, be grateful (because here in Australia, there are no such things).
That's it for now!
