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Monday, 27 October 2008

The Nouveaux Pauvre

The current maelstrom in the financial markets reminds me that we have of course been here before. This book was given to me in 1984, although I can't quite recall the gloom of that period, (perhaps a UK housing crash), and there have of course been stock market crashes, (in my memory at least), in 1987, 1997 (in Asia), and now this.

Next time remember not to be too greedy, and cash in in 2017. And remember, however ghastly it seems today, it will be but a distant memory...in two or three years. (Well, I suppose anything would after that time lapse.)

But being nouveaux pauvre is much less worse than being nouveaux riche. Obviously. (See, there are some benefits.)

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