Telegraphing Economic Hardship
I used to like to go to work but they shut it down
I got a right to go to work but there’s no work here to be found
Yes and they say we’re gonna have to pay what’s owed
Were gonna have to reap from some seed that’s been sowed
–Dire Straits, "Telegraph Road"
It’s funny how you can find gems of wisdom from unlikely sources. In the Dire Straits song " Telegraph Road," we get prescient and thoughtful words that describe, in essence, our current state of economic hardship. Hopefully, we’ll be able to draw on some happier tunes to describe the economy in the months ahead — but I’m not holding my breath.
Wisdom about money, investing and life can be found anywhere. If you have a good quote you’d like me to share with your fellow Alert readers, send it to me, along with any comments, questions and suggestions you have about my radio show, newsletters, seminars or anything else. Click here to Ask Doug.
Jim Woods is a 30-plus-year veteran of the markets with varied experience as a broker, hedge fund trader, financial writer, author and newsletter editor.
His books include co-authoring, “Billion Dollar Green: Profit from the Eco Revolution,” and “The Wealth Shield: How to Invest and Protect Your Money from Another Stock Market Crash, Financial Crisis or Global Economic Collapse.” He’s also ghostwritten many books and articles, as well as edited content for some of the investment industry’s biggest luminaries. Read more about Jim Woods.
