An Unmatched Financial Crisis
September 23rd, 2008
I have heard one too many times that the latest US financial crisis is unmatched since the Great Depression. Sounds really scary, isn’t it? Some homeowners sold their homes for fear of fluctuating interests that would be difficult to manage. Some pensioners want to pull out their investments to hold on to their cash.
Although we feel the effect on the prices of oils, commodities and services, the impact is still softened as we are without major loans to take care of. In the future, when we are ready to buy our own home, we will be very careful with the whole process starting from getting mortgage quotes. We will make sure that we will not be buried paying very high interests that will eat up chunks of our finances.

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