8/14/2011 As I read the headlines this morning that foretell a likely downgrade of America's credit rating, I could see that image of the cartoon people from airline instruction cards, bracing themselves for impact. We all need to prepare for a bumpy, economic, emergency landing. So, what do we do? I've lived through more than one economic downturn in my life, the most extreme of which were overseas. I had the cushion of hard currency as an exchange student and as an international worker; the people around me had the cushion of having prepared, put by (horded), and using their means frugally. Let me say here that I really don't expect some post-apocalyptic nightmare scenario to materialize with people starving in their basements, having eaten their family pets, and killing their neighbors over stale croutons. What I do expect we could see is more unemployment, more uncertainty, inflation and possibly shortages of foods and durable goods. It is possible we could see...
Faith, family, cats, politics, food and everything else for which I have a passion.