Be Careful the Headlines that you Trust

When reading anyone's opinions about finances, always have one question in the back of your mind. What is the agenda? For instance, here is an opinion made by an economist about the real estate market.

"The bad news is just about behind us. It appears that we have bottomed out."

That certainly is good news coming from the Chief Economist with the National Association of Realtors. I am sure that there is no agenda in that statement.

Let's consider another opinion about the United States Economy.

David Walker who is a comptroller has this to say about the United States Economy.

He describes the fiscal health of the economy as “a ship of state on a disastrous course that will flounder on the reefs of economic disaster if nothing is done to correct it.”

Credible? Agenda? Well, David Walker is the Comptroller General of the US Government. He is not an elected official. He has a secure 15 year term. He can speak the truth without reprucussions. He is one of the few Government officials who doesn't have to play politics. In fact he is going around the country warning people that we possibly are going to face a "financial tsunami."

He sees the real truth and he is the Chief Accountant/numbers cruncher for the US Government.

Now that we are out of the season of politics, make sure that you pay attention to the other side of the story. Beyond the agenda, there are some major problems that spell risk for your money.