Is it fear or common sense to be concern about the national debit out of control growth?
Is it fear or common sense to be concern about the FED’s money printing?
Is it fear or common sense to be concern about the out of control muni debts with state and local debit of of control and beyond any solution accept bankruptcies which will slaughter those holding muni bonds.
Is it fear or common sense to be concern about the the growing amount fraud and racketeering being done by many of our biggest financial entities? Including their embedment in most government agencies that are suppose to be a watch dog for them.
Is it fear or common sense to be concern about nearly 50 million Americans on food stamps, 100 million on welfare, and no economic progress in sight, it wont be long before the world as we have come to know it changes drastically?
Is it fear or common sense to be concern about that we are going on years now since the economy has even been able to create more jobs per month than people that are entering the workforce, much less create jobs for those who lost theirs. And that the largest part of the jobs being created are low level entry jobs or part time and that may business right now are turn what were full time jobs with befits into part time jobs with none due to Obamacare.
Speaking of Obamacare is it fear or common sense to be concern about the fact that already hard pressed are about to be hit with astronomical increasing in their medical insurance premiums?
Is it fear or common sense to be concern about who’s going to buy our debt now that both China and Japan are sliding?
Is it fear or common sense to be concern about the fact that real wages are slide to rates below the 1950’s?
Do you think that women are earning less today than they earned in the 1950’s?!
To answer your "Fear or Common Sense" manifesto, I will use the common sense methodical "win in every scenario" approach every time. Tell me with 100% certainty that a two mile wide asteroid is going to hit tomorrow?, then I might talk a little about fear.
The items you listed are true poor economic practices, but those who avoid debt, have diversifying capital, and prepare "wisely" will be okay.