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Looking forward to 2009 analysis were characterized by an almost desperate attempt to identify positive, or at least promising, developments that can perhaps be discerned in the gloom enveloping the global economy at the end of 2008.

Annuities are risky investments! The insurance company can go out of business and you will lose your money! Let me tell you. Nothing could be further from the truth.

FTSE 100 has lost 31% of its value in 2008 - Russia down 72% and China off 65%.

We have all heard that our credit problems are because of the government. I don’t think so. Prior to the depression, the government’s attitude towards the economy (aggregate market), was to leave it alone. We all know the results.

However, the only thing we are teaching our children is how to spend money. What if anything have you done to show your kids that money can make our future better? We need to learn how to put our money to work.

There has been a lot of substitution going on during the Christmas holidays. I have never seen the discount stores so crowded.

Value has been a hard concept to grasp since so many investment products (stocks, commodities and real estate property) have had their prices decrease so much.

Right now it appears as if that is doubtful. I did some research on it and discovered that there were many bailouts: different investment banks, at least 21 banks and then there is the auto industry. The total is hovering around $1 trillion.

America’s personal finance habits need an overhaul. This is not new to anyone who has seen a news headline during the past year. We, America as a whole, are in a financial mess. We haven’t a clue as to how to use logic when it comes to money.

Not a day goes by that there isn’t another headline about what’s happening with the credit crunch and the world’s financial crisis. Lately, it has been the Fed lowering the interest rate that’s a record-breaking low. Credit card companies are getting hit with new rules and we still don’t know what’s going to happen with the auto industry.