Thanks for stopping by Financial Samurai! Let’s take a quick trip back to the week of November 30, 2009. It was a time when the U.S. consumer showed remarkable resilience, despite the turbulence in the stock market. Interestingly enough, we’re seeing a similar scenario unfold in 2021.
The U.S. consumer is tough as nails! Even with global stock markets taking a dive last week, most people are more concerned about snagging a $100 discount on a netbook than their portfolio losses. It seems like nothing can dampen the American shopping spirit. With the UAE stepping in to support Dubai World’s debts, I’m optimistic about a market recovery soon.
Here’s the truth: our thirst for new stuff is insatiable. If there’s even a whisper of a new investment bubble, you can bet we’ll all jump on it, hoping to strike it rich. And why not? If consumer spending is on the rise, it leads to fat profits, soaring stock prices, and a “healthier” economy. We need this spending frenzy to continue so some of us can cash in big. Despite only a slight increase in in-store retail sales last week, online sales are poised to skyrocket.
With just a month left in this year, are you on track to meet your goals? My aim was to keep my head above water during these crazy times, stash away as much cash as possible, and be an indispensable team member at work. Ideally, I should’ve gambled on the stock market or tried my luck at the World Series of Poker back in February, but hindsight is 20/20.
I truly appreciate the active participation in our community here. It’s refreshing compared to other sites where my questions echo into the void. That’s why I promise to stay responsive and engaged with you all.
To make commenting even more rewarding, I’ve added the “Comment Luv” plug-in. This tool displays a link to your latest blog post whenever you leave a comment here, helping draw more eyes to your work.
Lastly, does anyone have insights on Technorati? I signed up ages ago but haven’t really used it. Is it beneficial? Also, I’m questioning the value of pfblogs.org since I don’t donate and my posts get sidelined. Perhaps it’s time for a change.
Favorite Posts of the Week & Contest Winners:
Elle from Couples Money did a fantastic “Sunday Interview Series” feature on Financial Samurai. Thanks, Elle, for your support on Twitter—it’s been great connecting with you.
Congratulations to Michael at DINKS Finance and Wojo from Fiscal Fizzle, who nailed their guesses in the Dow Jones Challenge! And a big shout-out to the book giveaway winners, Kelsey and Geek. Thanks also to everyone who participated and spread the word on Twitter.
I’m committed to showing my gratitude for any features or mentions of my work, so don’t hesitate to reach out directly. Your engagement and support mean the world to me.
Keep slicing through money’s mysteries with us, and don’t forget to subscribe to our newsletter for more insights. Follow us on Twitter @FinancialSamurai and stay tuned for more updates.
