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Right and we will continue on -- it down to DC now -- -- editor of the -- personal finance magazine is with us.
Did it thanks -- being with us there's a lot going on in 2010 a lot of people the plant especially at home.
You worried about your little microcosm your family and what should be on the top.
Well I think it up again if -- -- but it's your business you are about the micro economy so to speak.
You wanna look at your own finances you know the macro economy is is is going to do it it's gonna do but.
What can you do to get your house in order I -- the specialized I'd be saving or should I be spending.
You know what is worried what is -- -- what's on your mind it may be that you wanna be paying down that it may be that you're in great shape fiscally and -- you -- -- -- money by one of those -- you were just.
-- I think it's really just taking a look at your own finances and seeing what you can do personally that you have control over.
It can't I was -- at -- -- your notes in it seems like.
You're bullish on on the job situation at 2010 is never gonna see -- -- -- -- -- that's good but it was the only area and you see higher interest rates.
You see consumer that is colossal yeah a lot tighter with the Wallace who -- so it sounds like.
We're still very batting down matches from a individual perspective but the job police give us some relief.
Well look we're bottoming out everyone kind of agrees now I think that the recession at least the worst of the recession is -- we know that.
Employment is a lagging indicator so that even when the recession is officially over people are still losing their jobs they don't want -- really minimize that.
And you've got you know on a -- at around 10%.
But there are some some positive signs on the horizon.
Temporary firms are hiring more companies and -- job surveys that are done.
More companies are saying that they're going to be doing hiring and any downturn there's there's always sort of a natural bottom.
Even if nobody does anything to muck things up if things do tend to bottom out companies do have to replenish inventories.
Consumers do start spending again and so that means that people will at at the very least not be fired and perhaps hired back.
But it's also true that certain jobs have been lost -- -- probably gonna be lost forever as far as financial services is concerned as far as real estate construction some of the the industries that were hardest hit by the recession.
And if you're expecting slower moderate growth over the next few years and obviously you're not gonna get huge numbers of jobs coming back and also a lot depends on.
Whether we're gonna have new businesses coming on.
On line so to speak because you know that's where a lot of -- new new job growth.
I'm from the -- about a baby boomers they're gonna start to become seniors start to collect Social Security got a -- eighty million people.
Falling into this bracket what happens to them does that trickle down and affect us.
Is that job opportunities for people like us we create businesses for them how does that play into the picture.
Well I think they're.
A lot of opportunity here because you're going to have the demand for services goods and services you're gonna have demand for health services.
You're gonna have demand for care giving services financial services.
In the housing services for four people in the baby boom generation also.
But those baby boomers who are in good shape fiscally.
You know they're going to be wanting to do things with their minds are going to be wanting to travel take cruises fly when they feel they began -- flying athletic thank you.
So did its job opportunities for people in those -- maybe also you know investment opportunities -- companies like striker for example that makes.
-- hip replacements and other kinds of medical devices I think -- will be demanded by this generation so there's a lot of opportunity at the same time of course there's going to be a lot of -- fiscal drain on -- is a Social Security resources Medicare resources and that kind of thing self.
I have the -- as always with the baby boomers that the double -- The -- yeah that's a fan I think everyone's worried about bigger government more government spending.
It certainly doesn't you know behoove you to take your cash and stuff but in the -- it's worth a lot less tomorrow that it will be today.
So what do you do and he had a plan for 2010 but really even beyond 2000.
Yeah because everyone agrees that right now inflation for example it's not really a problem interest rates are very low.
And but that's really an aberration.
You know it's it's been an aberration for the last -- certainly over the last couple appears when the government's really been injecting money into the economy.
So but now you've got you know the floodgates are open talk about spending like the proverbial drunken sailor you've got all this money.
Being spent by the -- by congress and you know and how are you gonna control is how you -- control inflation in the years ahead.
I think that that -- -- it at we did that of the things that we right on the web site kiplinger's dot com really.
Recommends that people protect against future inflation with things like treasury and inflation protected securities.
Or perhaps the gold funds mining stock that sort of thing which are available readily available to investors.
And I think protecting against some inflation in the future really make sense in any investor's portfolio.
Janet always good -- -- when you thanks for joining us today.
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