For those folks who are proactive thinkers, with all the news headlines concerning large government bail-outs in the Eurozone - it would behoove you to save as much cash as possible. This is not a recommendation to cash in your retirment plans or make any drastic asset allocations to them, but more of a day-to-day idea to cut your spending until things shake out a little bit from here. I do not recommend buying gold, but I would have to recommend purchasing a firearm or two and plenty of bullets in case the stuff really hits the fan. Stop reading this now - and I am going to read your mind...........you are likely thinking that this guy is crazy and an alarmist. I would think the same myself. Here is the rationale, first is the good news scenario - the economy recovers and you have a pile of cash to deploy as you see fit. The second is a bad scenario, the economy goes into the "dreaded" double-dip recession and there is not sufficient cash reserves to get your family through a possible 3-6 month job loss. Therefore, given the fact that it will be either one of these scenarios or the other - the logical thing to do is save/raise cash holdings.
