Financial Crisis

Now that I’m home on maternity leave, I’m getting all of my news from Oprah and Jon Stewart. Current events, political analysis, fashion tips, they’re all coming from talk show hosts and their guests. So, pretty much my entire understanding of the current financial crisis comes from Suze Orman, Oprah’s go-to financial expert.

I’m trying to understand what I should be doing, and how this whole thing will affect me. My RRSPs are in the toilet, but I won’t be needing them anytime soon so that’s most likely not a problem. We have a little bit socked away in an emergency fund, and it’s federally insured so I know that’s safe. If my employer goes belly-up I’ll still get my maternity benefits, since those come from the government. In spite of all the belt-tightening that Oprah’s talking about, I don’t think anything’s changed yet for me.

These are interesting times, that much is for sure. Are we on the brink of the next Great Depression? Or will it all blow over once the US election is over? Should I be buying stocks now that they’re all so cheap? Or should I be keeping my money under my mattress? For now I’m just sitting tight, trying not to spend too much, and waiting to see how it all plays out.

And now for something completely different. How do you like the new blog look? I’m still working on it, but I feel like I’m making some headway.

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