I’ve posted a Guest Blog Entry at the Hope to Prosper site titled The Economic Crisis Is the Best Thing That Ever Happened to Us.
Juicy Excerpt #1: there is today a mismatch between how we think stocks work and how stocks really do work that must be addressed and that the mismatch has been ignored for so long that a point was reached at which an economic crisis was the only way to force a change.
Juicy Excerpt #2: Things change. There have never before been millions of middle-class people invested in stocks to finance their retirements. What worked in earlier days does not work in a day in which a stock crash causes millions to become afraid to spend money and thereby craters the entire economy. The stock market and the economy are now connected. We are going to have to start giving better investing advice if we are to realistically expect our economy someday to become a fully functioning one once again.