Just to cheer myself up, I started thinking about the global economic crisis. "How", I thought, "can I place my money in the safest way in these dire times?"
Shares? You must be joking.
Real estate? That is not falling right now, where I live, so it probably will very soon.
State bonds? States may not be able to honour them. Iceland seems very unlikely to do so.
Foreign currency? Falling and rising in a chaotic dance.
Local currency? It may work short term, but inflation may get very tough.
Gold? Diamonds? Petrol? None of them very safe.
No, the safest way to place money right now is to spend it. Then you know it has been of some use. Therefore I'll buy another laptop next week and go on holiday in Tuscany. I only hope it is expensive enough, so I get to use as much money as possible. I could not afford keeping it.
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