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How The Economic Crisis Challenges Our Financial Beliefs

As the economic crisis deepens, I'm seeing more people beginning to confront the conventional wisdom espoused in personal finance. This economic recession is now in its 15th month, and is pegged as the third longest slump since World War II. People are worried about how business has slowed down drastically over the last 6 months.

Given how financially difficult things have become for so many, I'm starting to notice more and more people questioning the tenets of solid personal finance, at least the way I've come to embrace it. Here are some of those widely accepted rules that are now being questioned.

Personal Finance Theories and Tips Under Siege

Click here to read more. And please leave your comments on the blog. Thanks.



 Top Comment : Sreenivasulu Dasari   | 03 17 2009 06:51:38 +0000
Yes this is the biggest slump that i remeber, and it is more worse where there is so much bail out is happening with billions of dollars of public money is used to get out from this recession and the market to become more stable and with all this the consumer behavior is totally changed, which is affecting every industry...so when will this slump end viktor??
 
4 comments on "How The Economic Crisis Challenges Our Financial Beliefs"
  Commented by  Viktor Stephen, COO, Business Mashup/Partner Get.Next.Job    | 03 17 2009 13:40:32 +0000
Thanks for your comments. Would have been nice if you could leave your comments on my blog. Thanks anyways. 
  Commented by  Devi Kaladeen, Audit Manager, Health Sector Development Unit    | 03 17 2009 12:54:02 +0000
Rating : +1 
Very good article. We can only hope that the economic situation improves very fast. In the meantime we will have to manage our own personal finances and hope for the best.
  Commented by  Akash, International Marketing Shabro    | 03 17 2009 08:55:26 +0000
nice article
  Commented by  Sreenivasulu Dasari, Project Lead, HP    | 03 17 2009 06:51:38 +0000
Rating : +1 
Yes this is the biggest slump that i remeber, and it is more worse where there is so much bail out is happening with billions of dollars of public money is used to get out from this  recession and the market to become more stable and with all this the consumer behavior is totally changed, which is affecting every industry...so when will this slump end viktor??
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