Show from the Big Three from Detroit

When the executives of the three big auto companies - GM, Ford and Chrysler went to congress asking for some sort of bailout last time they weren't prepared at all.

They had no plan to show how the money they were asking would help their companies. Moreover they flew in their corporate jets to beg for taxpayers’ money. Great shows from the CEOs, the master of the big auto industries!

This morning I was browsing through yahoo finance and came across an article Inflation-Beating Investments for Retirement(full story here) by Leslie.

I couldn't stop myself from critically analyzing the choices mentioned in the article and giving some common-sense advice.

TIPS (Treasury Inflation Protected Securities)

It's the best choice Leslie mentioned in her article.

With such a great rise in foreclosure caused by a number of factors it's important to know what choices you have when your house seems to be the next in the line and you fear losing everything you have worked so hard for - a dream, a place for family, your cash cow for retirement (though that doesn't hold anymore).

First of all don't panic. Relax. Look at your finances and see if you can do something.

Talk to your lender. It's getting harder to get to a lender as they are getting numerous calls every day but lenders are more likely to listen to you and do something.

Holiday seasons are approaching fast and everyone would soon spend some money buying gifts for friends and family. But given the weak economy, higher job losses and households fighting to survive in these bad times it's very obvious that people wouldn't splurge on gifts this season.

But when it comes to buying gifts for the immediate family member (spouse and kids) we tend to ignore the economic conditions. We always want to give something special to our spouses and kids. But wait a min. What's that something special?

When I hear about government stepping into bailing out of financial distressed companies I can't stop thinking about the financial incompetence of the policy makers that tout themselves as the guardian of taxpayers money.

Consider this - how a government where great economists advise can falter to this extent that it has to face bailing out financial institutions one after another?

I am sure economists aren't dumb and political interests must be overpowering the decision making process in the congress.