Monday, August 20, 2007

Who Ya Gonna Call? - CreditBusters!

Recently, this conversation between CreditBusters (formerly of Ghostbusters fame) and Ben Benanke was leaked to My Wealth Builder:

Dr. Peter Venkman: The credit markets are headed for a disaster of biblical proportions.
Dr. Ben Bernanke: What do you mean, "biblical"?
Dr Ray Stantz: What he means is Old Testament, Mr. Fed Chair, real wrath-of-God type stuff.
Dr. Peter Venkman: Exactly.
Dr Ray Stantz: Fire and brimstone coming down from the skies. Rivers and seas boiling.
Dr. Egon Spengler: Forty years of darkness. Earthquakes, volcanoes...
Winston Zeddemore: The dead rising from the grave.
Dr. Peter Venkman: Human sacrifice, dogs and cats living together - mass hysteria.
Dr. Ben Bernanke: Is that all? I thought you meant it was going to be really bad.

If Dr. Bernanke wrings out the excessive speculation and avoids a recession, he will be a hero. So far his plan seems to be working, but he is walking a very fine line. For now, I am continuing to hold on to my stock purchases and plan to ride out the volatility.

Disclaimer: The conversation described above is fictional and any resemblance to actual people or events is purely coincidental :-)

For more on Strategies and Plans , check back every Monday for a new segment.

Photo Credit:, Clara Natoli

This is not financial or policy advice. Please consult a professional advisor.

Copyright © 2007 Achievement Catalyst, LLC

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