I never thought I’d find someone more of the glass half empty school than myself. That is until I read this post by Lance.
It’s an interesting phenomenon that there are a number of us who haven’t lived (as adults) through a downturn a la ’87. Lance’s advice is a useful tool for thse of us who have only exprienced one side of a boom/bust cycle.
For those who want a counter point of view regarding the economic outlook – check out (or better yet subscribe to) Tony Alexander’s commentaries – he’s still pretty buoyant about the outlook.