ECONOMIC SHAMBLES

Posted on October 10, 2008 by LCT Magazine

IS MAIN STREET LIKE WALL STREET? That's the big question facing chauffeured operators nationwide as the U.S. financial sector skids into an irrational, full-blow panic. LCT Magazine would like to hear from operators. What's going on in your area/market? Is the sky falling? As an industry, it's important to get the right perspective and the right-sized picture. Whatever drama plays out in the media, it's the daily grind that tells the most truth. Please e-mail us at [email protected] or [email protected], or just post an observation or comment below.

FINANCIAL TIP: Any investment advisor who down-played investments in gold or gold-related mutual funds since the early 2000s has been proven a moron. It's also interesting to note how the "grandma and grandpa investments" of gold, CDs, bonds, Treasuries, blue-chips, and just plain old cash in the dresser have proven right. And how gambles in home equity loans, real estate speculation, exotic fringe mutual funds, restaurant stocks, and global/international mutual funds have proven. . . well, less reliable than a slot machine in an Atlantic City casino. -- M.R.

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