Prime Rate Credit

Well, it seems that news outlets are increasingly loving the gloom and doom headlines that try to create mass hysteria, showing that our economy is going down the toilet and pointing toward signs of recession. Why is it that every day, I see the word “recession” in the headlines? I must say, it gets exhausting to see this every day, and it’s no wonder American consumers have major anxiety about where the economy and the housing and job market is headed today.

Let’s see, the latest headlines have been running along the lines of “house sales hit new lows”, “job woes increase”, and the latest is that the job market has taken a nosedive for the lowest amounts in years, prompting more concerns over a recession or economic downturn. No wonder everyone is running scared from investing, buying homes, credit, and everything else under the sun that has to do with money.

Heck, I’ve been getting emails about economic paranoia as well, from people who are otherwise rational thinkers, saying that our dollar is going to become worthless, that we are going to suffer more and more problems with housing, that the stock market is never going to recover, and nothing short of a civil revolution soon if something doesn’t change.

This gloom and doom is all familiar, thank God, and it has never come to fruition. The US economy is just too strong to take a nosedive forever, and it seems that people are counting on that who are confident enough to stay in the markets as they are. I for one am a “long term bull” to steal from Warren Buffett’s terminology, on the US market, and although I know right now may not be a good time to be investing in stocks, I do know that it will recover and that buying stocks right now is probably one of the smartest things to do, you just have to buy relatively safe stocks now.

Such as PG, Procter and Gamble and GE, which pay good divdends and are relatively stable and safe havens for money are good bets. Just look up “Best dividend stocks to find out historic returns and make your decision from there.