Everywhere else is the pits, but the Bay Area is doing good (SF Chronicle).

The Feds are backing up to 10.5 trillion worth of the U.S. economy. This roughly the same as the 2008 US GDP (CNN).

Finance magazines are going out of businesses. O the irony! (Marketwatch).

How Madoff was able to scam so many people for so long (CNN).

Of course, Trump is bragging about how he didn’t invest in Madoff (BI).

Treasury borrowing is at all time records (yahoo).

Up to 25% of U.S. companies are potentially insolvent (CFO).

Here is one thats local to us DINKS. The state of Oregon is currently facing a 3 billion shortfall. This means the recession is hitting home, essential services like law enforcement and medical care are getting cut in our hometown (RG).

Best,

James

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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