This was a really bad weekend for the US Financial Markets and the economy. First we had Hurricane Ike hitting the Texas Coast and whipping a stretch of the USA all the way to the great lakes. Second we had the financial melt down of Lehman Brothers who were turned down by the Federal Reserve in their bail out request. There only alternative after that was the declaration of bankruptcy. This was followed almost immediately by the Merrill Lynch announcement of their sale to Bank of America. Im not convinced that this is a good thing for the investment community. This is beginning to look like a monopoly but that's a topic for another day.
A local radio station told about a man at a gas station saturday. When he arrived at the station the gas was priced at $4.01 per gallon. while he was pumping his gas the station changed the price to $4.16 per gallon. He was forced to pay the new HIGHER price even though the contract ie gas purchase was initiated at the lower price.
How can we help you weather this financial storm?
www.columbusfinancialplanningpros.com
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