Don't Believe The Hype !

Nah, it ain't over.
Despite what many news stories are (mis)reporting, the bad economic times continue.
Some stocks are doing better, some home prices have stabilized and some banks are showing profits.
But what does all that mean for you?
Probably nothing.

Saying that the economy is doing well is like saying that the Detroit Lions are doing well if they win one game this season.
Sure, 1-15 is better than 16-0, but that's still not doing well.
Financial institutions and retail outlets are supposed to point out the bright spots in the economy - that's their jobs (to get you to spend money).

But the smart bet is to take the lesson taught by Joseph in Genesis.
Most people have at least started to read the Bible.
Most people have gotten at least as far as Genesis.
So, this will be easy to understand.
Joseph was sold by his brotha's into bondage to residents of a foreign land.
Joseph was wrongly oppressed and endured many hardships.
Joseph rose to prominence by his intellect and character.

In a time of famine, Joseph made money.
Joseph saw that the economy was about to collapse and Joseph convinced his boss to save a little from each year's profits.
When things went south, Joseph sold goods at a ridiculously high price.
Joseph acquired wealth by selling necessities to a population who had become enamored with status goods.
These status goods were freely given up to buy food.

So, what's the lesson?
The economy isn't fixed.
It will get worse, despite this cosmetic uptick in the market fueled by your future tax dollars.
Invest in necessary goods.
Plant fruit trees instead of shade trees, have a cistern installed in your back yard, learn how machines work, get to know people and think before you buy.

Those foolish enough to continue in their conspicuous consumption will be the ones begging for food, clothing and shelter.
Those who complain about entitlements and government assistance (Isn't this whole economic recovery package just a huge form of corporate welfare?) will be screaming for their right to air conditioning.

Things may get better for a short time - but it won't last.
A Metropolis model seems most likely.
Just make sure that you've done the preparation to be one of those who is on top.