Weathermen look at the convergence of climatic conditions (wind, precipitation, etc) to forecast storms. Around the equator, there is the intertropical convergence zone. What we have today is an inter-economic convergence zone covering the whole world: the subprime crisis, rising oil & food prices, the global economy at a standstill, unemployment. An economic Perfect Storm is in the horizon.
What are you doing (what can you do) to weather the economic Perfect Storm?
images from Microsoft Clipart, reconstructed by Ren Garcia

Many are losing their jobs from the downsizing of many businesses that have been hit by the subprime fallout. For those who have been lucky enough to keep their jobs, there will be hard times ahead. There will be no wage increases in the face of the costs of basic necessities going up.
What can you do?

It is the best time to take a really hard look at your and your family’s lifestyle. There are several habits and practices that you and your family can give up comfortably without degrading the standard of living that you currently enjoy. …read more

The windfall from the “stimulus” bill can provide some shelter from subprime fallout.

In addition to paying down debt to stave off arrears or default in credit card and mortgage payments in the looming tough times, another productive use which will have an effect longer and more permanent than paying down debt is to enroll in a skill-upgrading course.
For those who remain employed in a company that has not yet undergone downsizing, an additional skill or a higher level of proficiency will add value to the employee’s status in the company, so that –if / when the company does …read more