Not so enjoyable is the continuing unfolding of financial disaster around the world. As recent retirees, we're quite anxious. We wonder how much of our savings will remain, whether the 401k will ever recover, what's next in the global rout. The Argentines are much more sanguine about developments, even though President Cristina Fernandez (no relation) plans to renationalize employee pension funds, a decision that's exacerbating market instability here. People we talk to say they've been through financial meltdown (in 2001), and things will return to normal. Maybe so . . . or maybe we should consider cultivating indigenous potatoes.
22 October 2008
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1 comment:
Hang in there; it's a rough year all over... this Halloween, the scariest costume I could come up with was a giant graph of my 401(k)'s value over the last 6 months.
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