Coffee heat rising

Does any of this have meaning for individuals?

Hard to tell, isn’t it?

I just checked my Vanguard funds. Though they lost a little, it’s not enough to drive one out the high-rise window. Doesn’t mean things won’t be worse tomorrow, of course…still, I think it’s best not to study the day-to-day rises and falls of your investments but to keep your eye on the long view.

A pretty murky view just now, it must be admitted.

This morning I spent almost five hours on the application for the new job; still have to write the cover letter.

And I wrote a set of spreadsheets preparatory to meeting with my financial advisor about how to deal with the coming layoff. I wanted to lay out all the relevant factoids: current gross & net pay, projected Social Security entitlement, cost of Cobra ($471 a month! Up from $25), estimated unemployment payments (amazingly piddling–possibly not even worth the hassle of applying), RASL (the amount GDU has to pay for my unused sick pay, an astonishing $17,230), and the estimated amount of my total savings.

Today I learned that GDU has to pay me my hourly rate for 264 hours of unused vacation time: something over $7900. That will help!

Not only that, but I’m also owed 32 hours of use-it-or-lose-it time, for which I will not be paid. So I think I’ll take four days of vacation time starting this week…and not think about GDU even once during the entire period!

With these figures in hand, I calculated several possible scenarios, ranging from retiring today to getting some sort of job. If I can’t get work (and at my age it’s unlikely), things are going to be difficult, indeed.

Oh, well. That’s a bridge to cross later. Maybe not much later…but later.

IMHO, the current stürm und drang will take a while to come home to you and me: not until we see our jobs disappear, credit dry up, and the huge chains that have pushed out local businesses close down—shrinking supplies of food and manufactured goods. That may take some time. With a large helping of luck, it’ll never happen.

What a sad spectacle our country’s grasping, small-minded, doctrinaire partisan politics have spawned. For shame!

The Continuing Saga…

1.Unemployment for Christmas?
2.Does any of this have meaning for individuals?
3.Rumors start to fly
4.On the trail of the elusive job
5.Beating the layoff stress
6. How low can I go?

5 thoughts on “Does any of this have meaning for individuals?”

  1. This was a great post! There is so much turbulence in the market today, and people need peace of mind more than ever. I wanted to offer your readers a link to another blogger who is doing great work. He writes about our ‘childhood money messages’ and how the best approach to stability in today’s market is to resist letting these emotions control our buying/selling habits. It is really fascinating work, and something you should check out. His name is Spencer Sherman, and you can view his blog at

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