Belt Tightening Times

With thousands of people being retrenched from their jobs and more will follow suit, it is time to sit back and ponder how to save money in whatever little capacity available. Therefore, it is good to save money in good times to tide over the bad time like this. In America, many people could not afford to pay their mortgages, causing the subprime crisis that lead to the economic crunch. Many big US banks have failed and declared bankrupt. With US$700 billion rescue package, it this sufficient to save market sentiments? Retrenched Wall Street executives have to go to the roads to perform tricks in order to earn money. Maybe it is a time where more people will turn to the Bible and church for spiritual answers to their economic woes. Let's hope this will not last too long and the share market will recover soon in a few years time.