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March 30th, 2009
07:36 AM ET

Hints of recovery?

In the most recent CNN Money Summit, Ali Velshi and panelists discuss the good news from Wall Street last week and how much the economy has improved this year.
Filed under: Ali Velshi • CNN Money Summit • David Gergen
soundoff (4 Responses)
  1. Claudia

    I'm 59 years old...I'm fine financially...not rich, but fine. My beef...while I was teaching my children how to be careful with money, the banks were telling them I am wrong. The banks hit the campuses when they went to college and gave them a credit card and a free T-Shirt. Everyone of my 4 children fell for that. I bailed them out! They graduated and got a car that was okay until one lost his job.....I bailed him out. Three of them got homes....2 of them are okay even though I question the banks instrument. One needs to refinance, but is upside down on his mortgage at this time.

    My point....My good parenting has been supplanted by the banks enticement from the moment they go away to college. This is okayed by the very college campus that we paid good money to teach our children. The "establishment " was in cahoots and preys on 20 -30 year olds. Thank God there were rules that protected me and my husband at that age. Otherwise I wouldn't be able to say we are okay.

    Here is the rules for personal economy....SSS.

    Goal is always Solvency.....Take on a debt..long or short term..the next goal is to be solvent. After you acheive that...stay solvent. This gets easier as you get older. You'll see how much money is not wasted on interest and fees and emergencies do not put you to your knees.

    Next is Savings....Solvency is acheived through savings.

    Next is Sacrifice...Saving is acheived through sacrifice. Think of what you need to give up to make any purchase and how you will acheive that. If you don't want to sacrifice the price is too high!

    March 31, 2009 at 8:26 am |
  2. Michael "C" Lorton, VA

    When you inject almost a trillion dollars into the economy--you are going to get adjustments--but will it sustain? Your projections show that it is going to take almost 5 years-–and that is speculation and conjecture--for significant improvment---everything adjusts and it would appear that the housing market is improving---however the value of homes have decreased almost 50%--and the interest rates adjusted to accomodate-–that is a wash-–everything seems to be cheaper---but you still have to have a job-bottom line--and that want be improved for almost five years-–I think this is a spark before the fire goes out--hope your guests were right.

    March 30, 2009 at 10:07 am |
  3. Michael "C" Lorton, VA

    A trillion dollars is going to be injected into the economy----you are surely going to have upward trends in every aspect of the economy---question is--will it sustain? It is going to be almost 5 years before the unemployment improves---with the value of propoerty being decreased-–everything adjusts--so it is really a wash-–its cheaper to buy now-–but one has to have a "job."

    March 30, 2009 at 10:01 am |
  4. Isabel A Siaba

    Great job!
    Ali Velshi is the best!

    March 30, 2009 at 10:00 am |
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