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	<title>Retirement Crisis Investing &#187; Mediocrity</title>
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	<link>http://retirementcrisisinvesting.com</link>
	<description>Investment Strategies for a Sustainable Retirement after the Financial Crisis</description>
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		<title>Recovery, Mediocrity, or Instability: What Happens After the Financial Crisis?</title>
		<link>http://retirementcrisisinvesting.com/financial-crisis/recovery-mediocrity-or-instability-what-happens-after-the-financial-crisis</link>
		<comments>http://retirementcrisisinvesting.com/financial-crisis/recovery-mediocrity-or-instability-what-happens-after-the-financial-crisis#comments</comments>
		<pubDate>Mon, 05 Jan 2009 11:51:28 +0000</pubDate>
		<dc:creator>Michael Myers</dc:creator>
				<category><![CDATA[Financial Crisis]]></category>
		<category><![CDATA[Instability]]></category>
		<category><![CDATA[Mediocrity]]></category>
		<category><![CDATA[Predictions]]></category>
		<category><![CDATA[Recovery]]></category>

		<guid isPermaLink="false">http://retirementcrisisinvesting.com/?p=129</guid>
		<description><![CDATA[When I study the predictions of astute people about the future of the United States after the financial crisis, I can group the forecasts into three themes: Recovery &#8211; the best case scenario A rebound after the financial remedies have worked with life as usual in the post-industrial societies. Mediocrity &#8211; the middle path scenario A slow decline [...]]]></description>
			<content:encoded><![CDATA[<p>When I study the predictions of astute people about the future of the United States after the financial crisis, I can group the forecasts into <span style="background-color: #ffff99;">three themes</span>:</p>
<h2>Recovery &#8211; the best case scenario</h2>
<p>A rebound after the financial remedies have worked with life as usual in the post-industrial societies.</p>
<h2>Mediocrity &#8211; the middle path scenario</h2>
<p>A slow decline of quality of life in the United States as the middle class slowly slides to a lower standard of living. Consumer spending is replaced by saving and extragance is replaced by frugality.</p>
<h2>Instability &#8211; the worst case scenario</h2>
<p>A decline into a depressing environment where  jobs are scarce, financial systems cannot be trusted, government services are limited, food and water are expensive, and criminal groups gain power.</p>
<h4>Coping with the Future</h4>
<p>We all hope for and want <span style="background-color: #ffff99;">recovery</span>. If the recovery after the financial crisis is totally successful, we can all resume our 2005 lifestyle. But keep in mind there&#8217;s an abundance of evidence that the standard of living of 2005 was unsustainable.</p>
<p>No one wants bad news about their future. However, if you are unprepared for the future, you will nearly always price a price. If our society declines into <span style="background-color: #ffff99;">mediocrity</span>, being prepared will require some changes in thinking and lifestyle.</p>
<p>Effective planning requirements looking at the worst case scenario. A post-financial crisis world characterized by <span style="background-color: #ffff99;">instability<span style="background-color: #ffffff;"> </span></span>in the developed countries will demand adapting in ways that most citizens have not contemplated. When you have not contemplated a course of action, you will not prepare for that possibility. While many would argue that the instability scenario is not possible for a developed country like the United States, we will present some information that will suggest that it is indeed a very real and unpleasant possibility.</p>
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