Time for "Financial Survivalism?" - Peter Gosselin

Complete video at: http://fora.tv/2008/07/10/Surviving_the_Great_Recession


Los Angeles Times Financial Correspondent Peter G. Gosselin wonders if it's time for a new "financial survivalism," and warns American workers to keep an eye on their employee benefits packages.

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Housing bust, credit crunch, unemployment and high commodity prices (oil anyone?) are familiar faces in the news, and they all lead up to the most dreaded word of all - "recession."

Unemployed? Self-employed? A small business owner? A family just trying to survive?

Some believe that no one may be safe this time around. With economic worries mounting, we talk to the experts to find out how to survive these trying times - The Commonwealth Club of California

Peter G. Gosselin has been national economics correspondent for the Los Angeles Times since 1999. His latest series was The New Deal: If America is Richer, Why Are Its Families So Much Less Secure?

He has also worked at the Boston Globe, The Providence Journal, The (North Adams, Mass.) Transcript and the Catskill (N.Y.) Daily Mail.

He graduated from Brown University with a degree in philosophy and was a Bagehot Fellow at Columbia University, where he received an MBA in economics.

His reporting has earned him the National Headliner Award, the George Polk Award (twice), and the SDXX award.

Category:

News & Politics

Tags:

• economy
• economics
• economists
• wall
• street
• collapse
• financial
• survivalism
• market
• dow
• drop
• recession
• depression
• fora.tv
• foratv
• fora
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[AnonymousRepublican]

The Middle Class is about to go extinct... and SOCIALISM is making a comeback????

CORPORATE SOCIALISM is on the rise, while neglecting the shirts on your back. YES I MEAN you reading this.

Shocked? Welcome to the SHOCK DOCTRINE!

[Plutonwolf]

LMAO! Go ahead, ask those kinds of questions of your employer. But before you do, check on the unemplyment situation and benefits in your area. In todays climate, the employer holds all the cards and has a few aces tucked up his sleeve for good measure. It's sound advice if only our system wasn't so nasty.

[forwardmover]

@Plutonwolf Peter Gosselin benefits comments totally absurd. Today, accept what you get, and forget about it, unless you work for government. He should have said have save 6-24 months income in bank.

[Bribestateofficials]

@flexorder

It is that easy, you solved the problem

[AtlasHBS]

Producing what you need and selling the excess to buy the things you want IS capitalism.

If you want more "things" produce more excess and sell more. Your work is your capital. Never blame capitalism and free market principles when it is socialism or government molestation of a market that is the root cause of our financial woes.

[flexorder]

Gee, what should people do?

1. Try to keep your job

2. Save your money

3. Don't take out bullshit loans

4. Don't buy stuff you can't afford

[symmetry08]

2020-2030 year of comprehending that oil is for super rich and for goverment members. The rest of the NAtion in bike and may be motocycle. Don't live in big cities. Because bigger the city is less likely food will reach you cheap. If you like city go settle in small towns. Likelyhood of survival is higher there in future.

[bigkwilli]

this is true.

[Mediterraneanblue9]

Id rather be rich and be able to slap a half-million down on heart surgery. Being wealthy makes life a a hell of a lot easier.

[Mediterraneanblue9]

I guess we can all move to Africa and fling shit around

[bigkwilli]

Id rather be poor and in the truth then Lied to and schizophrenic